Special envoy to the United Nations for climate change Michael Bloomberg speaks to a journalist during the One Planet Summit at the Seine Musicale on the Ile Sequin on December 12 in Boulogne-Billancourt, France. Around 50 world leaders and environmental activists are taking part in a major climate summit in Paris called "One Planet Summit" two years after Paris Agreement Cop 21. (Photo by Chesnot/Getty Images)

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Report: Michael Bloomberg Plans to Run in 2020 as a Democrat

The former Republican and Independent mayor will reputedly seek the Democratic nomination for president.

Michael Bloomberg is planning to run for the Democratic nomination for president in 2020, according to a story in Daily Intelligencer based off an initial report in the Times of London. Bloomberg was a Republican, then an independent during his tenure as mayor of New York City.

Rumors of Bloomberg’s entrance into the race proliferated in 2016, and according to sources, he’s more serious about it now. “Mike Bloomberg has told me he is going to run in 2020… He has the money to see it through while other candidates knock themselves out,” a source told the Times of London.

This past June Bloomberg hinted at a fundraiser that he may run in 2020. Bloomberg, as reported by Forbes, has $52 billion.

Read the full story at Daily Intelligencer