Former New York City Mayor Michael Bloomberg Launches Presidential Bid

Michael Bloomberg Speaks At Predominantly Black Church In Brooklyn, New York

Former New York City Mayor Michael Bloomberg made it official on Sunday, announcing in a one-minute spot that he is for the Democratic party nomination for president in 2020.

Bloomberg, 77, made the announcement he was running as part of a multi-million dollar ad blitz that's scheduled to run through Dec. 3.

"He could have just been the middle class kid who made good but Mike Bloomberg became the guy who did good," the ad's narrator says. "After building a business that created thousands of jobs, he took charge of a city still reeling from 9/11. A three-term mayor who helped bring it back from the ashes, bringing jobs and thousands of affordable housing units with it. After witnessing the terrible toll of gun violence, he helped create a movement to protect families across America and stood up to the coal lobby and this administration to protect this planet from climate change."

The ad promotes Bloomberg's experience as mayor of New York City, adding that the multi-billionaire had decided to run to "restore faith in the dream that defines us where the wealthy will pay more in taxes and the middle class get their fair share. Everyone without health insurance can get it, and everyone who likes theirs, keep it."

The former three-term mayor of New York City has flirted with presidential runs in the past. The erstwhile mayor, who is worth more than $54 billion according to Forbes, has vowed his campaign would not take donation, nor would he take a salary should he become elected president. Bloomberg has elected to skip the first four primary contests and focus on a more "broad-based, national campaign," longtime Bloomberg aide Howard Wolfson told NBC.

Photo: Getty Images

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