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Former New York Mayor and billionaire Michael Bloomberg launches Democratic presidential candidacy bid

epa08022267 (FILE) - Former mayor of New York Michael Bloomberg delivers remarks at a one on one conversation with IMF Managing Director Christine Lagarde during the 2018 World Bank Group IMF Spring Meetings at IMF Headquarters in Washington, DC, USA, 19 April 2018 (reissued 24 November 2019). According to media reports, Bloomberg is officially entering the 2020 Democratic presidential race. EPA-EFE/SHAWN THEW

Michael Bloomberg has officially announced he is running for president, pitting the billionaire former mayor of New York City against a crowded field of Democrats vying to take on Donald Trump in 2020, Financial Times reports.

The 77-year-old former New York City mayor, positioning himself as a centrist alternative to Joe Biden, launched his candidacy in an online video that is part personal story, part attack on President Donald Trump.

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