Billionaire media mogul Michael Bloomberg, the former mayor of America’s largest city, jumped into the race for the Democratic US presidential nomination on Sunday as a moderate with deep pockets unabashedly aiming to beat fellow New Yorker Donald Trump in the November 2020 election.
Bloomberg’s belated entry into the race - just three months before the first of the state-by-state party nominating contests - reflects his skepticism that any of the other 17 Democratic candidates can unseat the Republican president.