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Billionaire Michael Bloomberg launches Democratic presidential bid amid ethical concerns

Updated : November 25, 2019 09:03 AM IST

Billionaire and former New York City Mayor Michael Bloomberg, one of the world’s richest men, has formally launched a Democratic bid for president.
Ending weeks of speculation, the 77-year-old former Republican announced his candidacy Sunday in a written statement posted on a campaign website describing himself as uniquely positioned to defeat President Donald Trump.
Forbes ranked Bloomberg as the 11th-richest person in the world last year with a net worth of roughly $50 billion.
Billionaire Michael Bloomberg launches Democratic presidential bid amid ethical concerns
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