Bloomberg rethinking running for president: report

Bloomberg rethinking running for president: report
© Greg Nash

Former New York City Mayor Michael BloombergMichael Rubens BloombergTrump slams Bloomberg over comments on man who shot Texas gunman Bloomberg: 'My story might have turned out very differently if I had been black' Sanders, Warren battle for progressive endorsements MORE has signaled to allies that he’s considering jumping into the race for the Democratic presidential nomination if former Vice President Joe BidenJoe BidenNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Trump rails against impeachment in speech to Texas farmers Biden breaks away from 2020 pack in South Carolina MORE falters and Sen. Elizabeth WarrenElizabeth Ann WarrenNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Trump rails against impeachment in speech to Texas farmers Biden breaks away from 2020 pack in South Carolina 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 SandersNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Trump rails against impeachment in speech to Texas farmers Biden breaks away from 2020 pack in South Carolina MORE (I-Vt.) was giving former secretary of State Hillary ClintonHillary Diane Rodham ClintonNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Sanders v. Warren is just for insiders Alan Dershowitz: Argument president cannot be impeached for abusing power a 'strong one' 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 TrumpTrump rails against impeachment in speech to Texas farmers Trump administration planning to crack down on 'birth tourism': report George Conway on Trump adding Dershowitz, Starr to legal team: 'Hard to see how either could help' MORE getting elected.

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