Billionaire former New York Mayor Michael Bloomberg has officially announced he is standing to be the Democratic Party presidential nominee. In a statement, the 77-year-old said he was standing “to defeat Donald Trump and rebuild America”.
Who is Mr Bloomberg?
Michael Bloomberg is the eighth richest American with a net-worth of $54.4bn, according to Forbes.
Why is Bloomberg running?
Mr Bloomberg is a very data-driven businessman. But it doesn’t take an advanced degree in quantitative analysis to realise that the Democratic field, even at this (relatively) late date is still in flux.