Warren Buffett: I would support Bloomberg if he ran for president
© Getty Images

Businessman Warren Buffett on Monday said that he would back former New York City Mayor Michael Bloomberg if he ran for the Democratic presidential nomination.

“If Mike Bloomberg announced tomorrow that he was a candidate, I would say I’m for him,” Buffett told CNBC.

ADVERTISEMENT

“I think he would be a very good president," he added.

The Berkshire Hathaway CEO and longtime supporter of the Democratic Party said he and Bloomberg differ on some issues, but that he believes the former mayor "knows how to run things."

Buffett added that he's hopeful "no third-party candidate runs" in 2020.

"I think third-party candidates can thwart, actually, the will of the people," Buffett told CNBC.

Bloomberg has not yet indicated whether he will run for president in 2020, but has said he will run as a Democrat if he chooses to do so. That decision came after former Starbucks CEO Howard Schultz announced he was mulling a White House bid as an independent.

Democrats have criticized Schultz, warning that his candidacy could pull votes from their candidate in 2020 and help President TrumpDonald John TrumpJulián Castro: It's time for House Democrats to 'do something' about Trump Warren: Congress is 'complicit' with Trump 'by failing to act' Sanders to join teachers, auto workers striking in Midwest MORE win reelection.

A number of high-profile candidates have already waded into the 2020 presidential race, including Sens. Elizabeth WarrenElizabeth Ann WarrenWarren: Congress is 'complicit' with Trump 'by failing to act' Sanders to join teachers, auto workers striking in Midwest Pelosi wants to change law to allow a sitting president to be indicted MORE (D-Mass.), Kamala HarrisKamala Devi HarrisTrump reignites court fight with Ninth Circuit pick MSNBC Climate Change Forum draws 1.3M viewers in 8 pm timeslot Iowa Steak Fry to draw record crowds for Democrats MORE (D-Calif.), Kirsten GillibrandKirsten Gillibrand Gillibrand relaunches PAC to elect women Analysis: 2020 digital spending vastly outpaces TV ads Two years after Maria, Puerto Rico awaits disaster funds MORE (D-N.Y.), Cory BookerCory Anthony Booker2020 Democrats defend climate priorities in MSNBC forum MSNBC Climate Change Forum draws 1.3M viewers in 8 pm timeslot Iowa Steak Fry to draw record crowds for Democrats MORE (D-N.J.), Amy KlobucharAmy Jean KlobucharMSNBC Climate Change Forum draws 1.3M viewers in 8 pm timeslot The two most important mental health reforms the Trump administration should consider Sanders searches for answers amid Warren steamroller MORE (D-Minn.) and Bernie SandersBernie SandersSanders to join teachers, auto workers striking in Midwest Krystal Ball tears into 'Never Trump' Republicans 2020 Democrats defend climate priorities in MSNBC forum MORE (I-Vt.).