Billionaire Michael Bloomberg launches US presidential bid

Billionaire Michael Bloomberg is running for US president.

Billionaire Michael Bloomberg launches US presidential bid

Billionaire and former New York City mayor Michael Bloomberg, one of the world’s richest men, has formally launched a Democratic bid for US 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.

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