BREAKING: Michael Bloomberg Announces US Presidential Candidacy

Michael Bloomberg on Sunday, formally announced he is running for the sit of the United States presidency.

Joining the overcrowded field of Democrats seeking to take on his fellow New York billionaire, President Donald Trump, Bloomberg has been seen to be a perfect opposition by his supporters and donors.

“I’m running for president to defeat Donald Trump and rebuild America,” Bloomberg, 77, said on his web page as a $30 million Bloomberg ad campaign hit US airwaves.

The announcement ended speculation about the intentions of Bloomberg, who for weeks has been filing paperwork to be eligible as a candidate in primary voting and registered with the Federal Election Commission.

“We cannot afford four more years of President Trump’s reckless and unethical actions,” the former New York mayor said. “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.”

With a personal fortune of $50 billion, Bloomberg will shake up the open race, with 17 candidates already vying to be the Democratic nominee to take on Trump next year.

Bloomberg has been hinting on how Trump is trying to run the country as unsuccessfully as he runs his business.

Former vice president Joe Biden leads the race ahead of left-wingers Elizabeth Warren and Bernie Sanders, with moderate Pete Buttigieg in fourth place, according to national polls.

It was said that the Democratic Party front runner Biden has been seen to be an unexciting opposition to Trump.

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