Billionaire Bloomberg enters race for America's presidential elections

Billionaire Bloomberg enters race for America's presidential elections

-Michael Bloomberg, a 77-year-old American billionaire, joins the race for the country's presidency

- Bloomberg commences a campaign advert that cost $34 million and is currently causing discomfort among the other contenders

- With the entrance into the race, the businessman hopes to ignore four primaries for which the other aspirants have spent money

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The United States of America is witnessing a new entrant into the country’s presidential race in a turn of events that hopes to shape its political space. His name is Michael Bloomberg, the billionaire owner of a world-leading business and market news platform.

Bloomberg, 77 and former mayor of New York, joins 18 others ahead of the primary election of the Democrats after he launched an advert on to make his ambition known.

According to Daily Mail, the ad said Bloomberg aimed at to restore faith in the dream that defines the US, “where the wealthy will pay more in taxes and the middle class get their fair share.”

The report says the campaign advert cost more than $34 million and is expected to continue to run till next week.

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The advert piece calls Bloomberg a job creator, leader and problem solver with an emphasis on his ability to bring jobs to thousands of Americans.

Previous reports indicated that the billionaire was spending the money on anti-Trump ads to run in 48 states.

It is learnt that Bloomberg is worth $52 billion and had earlier considered running as an independent candidate or as a Democrat since 2008, but had ruled out running in the 2020 election.

The report says Bloomberg may have to ignore the first four Democratic primaries for which the other candidates have pumped money into campaigning.

The analysis shows that with his financial stand, Bloomberg is capable of campaigning in 15 states, a feat the other candidates may not have the capacity to achieve.

As a result, the other candidates do not seem comfortable with his entrant into the race.

One of them, Senator Bernie Sanders, tweeted: “I'm disgusted by the idea that Michael Bloomberg or any other billionaire thinks they can circumvent the political process and spend tens of millions of dollars to buy our elections.”

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