Bloomberg rethinking running for president: report

Bloomberg rethinking running for president: report
© Greg Nash

Former New York City Mayor Michael BloombergMichael Rubens BloombergDemocrats worry they don't have right candidate to beat Trump Founder's presidential bid puts Bloomberg News in spotlight Bloomberg files for Democratic presidential primary in Arkansas MORE has signaled to allies that he’s considering jumping into the race for the Democratic presidential nomination if former Vice President Joe BidenJoe BidenDemocrats worry they don't have right candidate to beat Trump Trump threatening to fire Mulvaney: report Giuliani pens op-ed slamming 'unprecedented' impeachment inquiry MORE falters and Sen. Elizabeth WarrenElizabeth Ann WarrenDemocrats worry they don't have right candidate to beat Trump Overnight Energy: BLM staff face choice of relocation or resignation as agency moves | Trump says he's 'very much into climate' | EPA rule would expand limits on scientific studies Krystal Ball credits Gabbard's upswing in 2020 race to 'feckless' Democratic establishment MORE (D-Mass.) continues to rise.

According to a CNBC report, Bloomberg told associates in recent weeks that if Biden were to drop out of the race before voting begins, he would consider launching a late run for the nomination over fears Warren would drag the party too far to the left.

While Warren has caught Biden in some national and early-state polls, the former vice president remains a top contender for the nomination.

“I think it’s something he wants. He has not been shy about that,” an anonymous Bloomberg ally told CNBC. “Nothing can happen unless Biden drops out, and that’s not happening anytime soon.”

Bloomberg announced in March that he did not plan to run for president in the 2020 election, though there have been doubts about whether that decision was final.  

Bloomberg served as mayor of New York City both as a Republican and independent, but recently registered as a Democrat. He would bring high name recognition and unlimited money into the race. Bloomberg is believed to be worth between $40 and $50 billion.

He has repeatedly flirted with running for president but has never pulled the trigger.

In 2016, Bloomberg considered running for president as an independent at a time when Sen. Bernie SandersBernie SandersDemocrats worry they don't have right candidate to beat Trump Overnight Health Care: Top health official defends contract payments to Trump allies | Vaping advocates confident Trump will turn from flavor ban | Sanders gets endorsement from nurses union Krystal Ball credits Gabbard's upswing in 2020 race to 'feckless' Democratic establishment MORE (I-Vt.) was giving former secretary of State Hillary ClintonHillary Diane Rodham ClintonDemocrats worry they don't have right candidate to beat Trump Krystal Ball credits Gabbard's upswing in 2020 race to 'feckless' Democratic establishment Outsider candidates outpoll insider candidates MORE a run for the Democratic nomination.

Bloomberg passed on a presidential run when it became clear that Clinton would be the nominee, saying he did not want to risk an independent run over fears it would lead to President TrumpDonald John TrumpTrump faces high stakes in meeting with Erdoğan amid impeachment drama Democrats worry they don't have right candidate to beat Trump Trump threatening to fire Mulvaney: report MORE getting elected.

Representatives for Bloomberg reportedly didn't respond to multiple requests for comment from CNBC.