Michael Bloomberg speaking in Washington, D.C., in February. (Photo by Paul Morigi/Getty Images for Bloomberg Philanthropies) Getty Images for Bloomberg PhilanthropiesEnding months of speculation, Michael Bloomberg announced on Tuesday that he will not run for president in 2020. “I believe I would defeat Donald Trump in a general election,” Bloomberg wrote in an editorial posted to his eponymous news site. Bloomberg, a former Republican himself, also castigated congressional Republicans, who he says have “failed—and are still failing—to fulfill their constitutional duty to hold the president accountable.”Even without running, Bloomberg will likely influence the race. Bloomberg is worth an estimated $55.6 billion; he placed ninth on Forbes’ 2019 rankings of the World’s Billionaires.

Source: Forbes March 05, 2019 21:55 UTC