Bloomberg rethinking running for president: report

Bloomberg rethinking running for president: report
© Greg Nash

Former New York City Mayor Michael BloombergMichael BloombergFormer Bloomberg staffer seeks class-action lawsuit over layoffs Bloomberg spent over 0M on presidential campaign The Hill's Campaign Report: Officials in spotlight over coronavirus response MORE has signaled to allies that he’s considering jumping into the race for the Democratic presidential nomination if former Vice President Joe BidenJoe BidenWith VP pick, Biden can't play small ball in a long ball world Poll: Trump, Biden in dead heat in 2020 matchup Coronavirus pushes GOP's Biden-Burisma probe to back burner MORE falters and Sen. Elizabeth WarrenElizabeth WarrenHillicon Valley: Apple rolls out coronavirus screening app, website | Pompeo urged to crack down on coronavirus misinformation from China | Senators push FTC on price gouging | Instacart workers threaten strike Democratic Senators urge FTC to prevent coronavirus price gouging Democratic senators call on FDA to drop restrictions on blood donations from men who have sex with men 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.

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“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 SandersWith VP pick, Biden can't play small ball in a long ball world Poll: Trump, Biden in dead heat in 2020 matchup Sunday shows preview: Lawmakers, state governors talk coronavirus, stimulus package and resources as pandemic rages on MORE (I-Vt.) was giving former secretary of State Hillary ClintonHillary Diane Rodham ClintonWith VP pick, Biden can't play small ball in a long ball world Hillary Clinton on US leading in coronavirus cases: Trump 'did promise "America First"' Democratic fears rise again as coronavirus pushes Biden to sidelines MORE a run for the Democratic nomination.

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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 TrumpWith VP pick, Biden can't play small ball in a long ball world Coronavirus hits defense contractor jobs Wake up America, your country doesn't value your life MORE getting elected.

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