November 24, 2019
Former New York City mayor Michael Bloomberg announced Sunday that he is running for president in 2020.
In a press release, Bloomberg said "I’m running for president to defeat Donald Trump and rebuild America. 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. The stakes could not be higher. We must win this election. And we must begin rebuilding America. I believe my unique set of experiences in business, government, and philanthropy will enable me to win and lead.”
While initially passing on a 2020 run, the former mayor has more recently concluded that the current field of Democrats was not well-positioned to defeat President Trump in the general election. Prior to his official entry, Bloomberg had filed for primaries in Alabama and Arkansas, to meet those states' deadlines.
It appears he will skip the early nominating contests in Iowa, New Hampshire, Nevada and South Carolina to focus on Super Tuesday, March 3. It's a risky strategy, but with a personal fortune of over $50 billion, Bloomberg may be one of the few with the wherewithal to stay relevant even without the momentum that those that do well in the early states will bring to the delegate-rich states to be contested in March and beyond.