Billionaire and former New York City Mayor Michael Bloomberg took the first step in what many believe will be a potential run for the 2020 presidential election on Friday, as he filed the appropriate paperwork to be included in the Alabama Democratic primary.
According to The Hill, Bloomberg’s move was made official as the Alabama Democratic Party published the updated information on its website Friday afternoon. The deadline to file necessary paperwork for the state was Friday.
While a majority of candidates likely wouldn’t dream of entering the White House race so late in the game, Bloomberg can apparently do it with some level of confidence, as the wealthy former politician has a staggering $ 50 billion war chest to work with. No other Democratic candidates, as far as the public knows, has access to anywhere close to that amount, which political pundits claim makes him a real threat to the top-tier candidates.