Michael Bloomberg will not run for president in 2020. The billionaire will instead help fund an effort to elect Democrats.
By Michael Scherer Michael Scherer National political reporter covering campaigns, Congress and the White House Email Bio Follow March 5 at 4:00 PM NEW YORK — Former New York mayor Michael Bloomberg announced Tuesday that he would not run for president, concluding his path to the Democratic nomination was narrow and he could accomplish more as a private citizen.
The former mayor, who is worth more than $50 billion from his control of a financial services empire that shares his name, made the final decision Monday morning in New York, after a months-long process of building a campaign infrastructure. He had lined up staff, done extensive polling and scoped out potential Manhattan office space for campaign headquarters.
Advisers said he ultimately decided not to run after concluding he could accomplish more through his political activism and philanthropic work over the next two years, and by focusing on such issues as gun violence, opioid addiction and climate change. “We want this to be the platform on which presidential candidates who want to take action on climate will agree,” he said.
After spending $115 million to elect Democrats in the 2018 midterms, Bloomberg could spend more on the 2020 effort, advisers said. In his contemplations about joining the presidential race, Bloomberg had promised a campaign based on his record as a fiscal steward of New York City for 12 years and his philanthropic activism on issues like gun control, global warming and public health.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Billionaire former New York City Mayor Michael Bloomberg announces he's not running for presidentMichael Bloomberg, the billionaire former New York mayor and one-time Republican, is not running for president in 2020.
Weiterlesen »
Factbox: Democratic presidential contenders jump into 2020 raceU.S. Democrats, anxious to get started on their quest to recapture the White Hou...
Weiterlesen »
Former Colorado Gov. John Hickenlooper joins crowded 2020 Democratic field'We need dreamers in Washington but we also need to get things done. I've proven again and again I can bring people together,' Hickenlooper said.
Weiterlesen »
Former Colorado Gov. John Hickenlooper announces 2020 presidential campaignCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Former Colorado Gov. Hickenlooper enters the 2020 presidential raceJohn Hickenlooper becomes the second governor to jump into the sprawling Democratic 2020 contest.
Weiterlesen »
Former Colorado Gov. John Hickenlooper, touting diverse background, joins 2020 presidential fieldJohn Hickenlooper, the former governor of Colorado, launched a bid for the Democratic presidential nomination Monday morning, touting a diverse and winding professional background that he said puts him in a unique position to solve the nation's political divisions. Hickenlooper's announcement
Weiterlesen »
Michael Bloomberg Won't Run For President In 2020After considering a run, the former New York City mayor said he has decided he can do more outside a campaign. 'I’ve come to realize that I’m less interested in talking than doing.'
Weiterlesen »
Michael Bloomberg says he won't run for president in 2020CNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »