One of America’s richest men announces he is running for president

Michael Bloomberg has formally launched his bid for the 2020 Democratic presidential nomination – calling Donald Trump an “existential threat” to the United States.

The former New York City mayor’s decision ends weeks of speculation about whether he would be a late entry in the already crowded race to become the person who takes on the Republican president next year.

The move marks a U-turn for the 77-year-old billionaire, who had said back in March he would not run for the White House.

Donald Trump has been accused of abusing his position for personal gain
Image:Mr Bloomberg said the US ‘cannot afford four more years of President Trump’s reckless actions’

Launching his 2020 bid on Sunday, Mr Bloomberg, who is one of America’s richest men, said: “We cannot afford four more years of President Trump’s reckless and unethical actions.

“He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage.”

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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