Michael Bloomberg is not running for president.
The 77-year-old former New York City mayor, one of the richest men in the world, announced his decision not to join the crowded Democratic field in a Bloomberg News editorial on Tuesday.
Bloomberg flirted with a presidential run before, but as an independent. He registered as a Democrat last fall and spent recent months courting primary voters as a political centrist.
- Town of Smithers extends private security contract at homeless encampment
- Alberta’s proposed immigration bill would create more red tape: hospitality sector
- B.C. mineral claims processing time still falling short, industry says
- ‘Unofficial Opposition’: Former candidates aim to hold Edmonton city council accountable
Get daily National news
But as an older white man with strong ties to Wall Street, he likely would have struggled to win over the Democratic Party’s energized liberal base that’s increasingly embracing diversity.
Bloomberg is expected to play an active role in the 2020 election from the outside. His team has been preparing a massive data-driven effort to help defeat President Donald Trump.
WATCH: Michael Bloomberg teases 2020 presidential bid, wondering what life in D.C. is like
More to come.
Comments
Want to discuss? Please read our Commenting Policy first.