“Billionaire and former New York City Mayor Michael Bloomberg, one of the world’s richest men, has formally launched a Democratic bid for president.

“Ending weeks of speculation, the 77-year-old former Republican announced his candidacy Sunday in a written statement posted on a campaign website describing himself as uniquely positioned to defeat President Donald Trump.

“He will quickly follow with a massive advertising campaign blanketing airways in key primary states across the U.S.

““I’m running for president to defeat Donald Trump and rebuild America,” Bloomberg wrote.”

Read more at Associated Press