NEW YORK - Billionaire and former New York City Mayor Michael Bloomberg, one of the world’s richest men, has formally launched a Democratic bid for president. As a centrist with deep ties to Wall Street, Bloomberg is expected to struggle among the party’s energized progressive base. Forbes ranked Bloomberg as the 11th-richest person in the world last year with a net worth of roughly $50 billion. “But they don’t get a bigger share of democracy, especially in a Democratic primary. Bloomberg has openly considered a presidential bid before, but as an independent.

Source: thestar November 24, 2019 15:09 UTC