Former NY mayor Michael Bloomberg may run for president in 2020

Billionaire must play Democratic primaries; Bloomberg said he is skeptical that current candidates will beat Donald Trump

Former New York Mayor Michael Bloomberg is considering running for the Democratic Party nomination for the United States presidency in 2020. According to a spokesman, the billionaire is concerned about the direction of the race because he considers Joe Biden too moderate and Bernie Sanders and Elizabeth Warren very radical.

Bloomberg, the media mogul and philanthropist who has served three terms as mayor of the largest city in the United States, is skeptical that any of the current Democratic candidates will defeat President Donald Trump in next year's general election, the spokesman said. Howard Wolfson in a statement.

"Mike is increasingly concerned that the current group of candidates is not well placed to" defeat Trump, Wolfson said.

Bloomberg, 77, is due this week to present documentation for the Democratic presidential primary in Alabama, which requires registration well in advance. That would keep your options open for a possible White House bid.

The Democratic camp, now with 17 candidates, has been converging on four names, according to recent polls: Senators Elizabeth Warren and Bernie Sanders, who represent the party's progressive wing, and former Vice President Joe Biden and Mayor Pete Buttiieg of South Bend, Indiana, representing the most moderate wing.

Bloomberg, chief executive of Bloomberg LP, was mayor of New York from 2002 to 2013 and has served as one of the leading advocates and philanthropists on issues of climate change and armed violence.

"If Mike competes, he will offer Democrats a new option based on a unique track record, running the largest city in the United States, building a business from scratch and facing some of America's toughest challenges as a high impact philanthropist," said Wolfson.

"Mike would be able to fight Trump and win," he added.