Michael Bloomberg Confirms Interest in White House Run | Financial Buzz

Michael Bloomberg Confirms Interest in White House Run

Michael Bloomberg, the former New York City mayor said in an interview ahead of the New Hampshire Primary that he is considering running for president this year. This is the first time he acknowledged his interest in the 2016 presidential campaign, two weeks after New York Times reported his plan to spend $1 billion to run as an independent candidate.

In the interview with Financial Times, Bloomberg responded that he was “looking at all the options” when asked about if he was considering running for president. “I find the level of discourse and discussion distressingly banal and an outrage and an insult to the voters”, he said and indicated that American people deserve “a lot better”.  

Michael Bloomberg is an alumnus of Harvard University and Johns Hopkins University. He has founded Bloomberg L.P., the well-known financial data and media company and currently serves as the president and CEO. Bloomberg L.P. had $9 billion in revenue in 2014.

According to Forbes, Michael Bloomberg is the 10th wealthiest person in the United States with net worth of approximately $38.8 billion. He became the mayor of New York City in 2002 and held office for three consecutive terms. 

Mr. Bloomberg was a democratic until he switched to run for mayor as a republican in 2001, and left the republican in his second term. He is a social liberal meanwhile has close relationships with the financial industry. He supports abortion rights, gun control, same-sex marriage as well as rights for immigrants. He is business-friendly and advocates free trade while also supports government efforts in public welfare.

If Michael Bloomberg were elected, he would be the first independent candidate in American history to win the White House.