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Ex-NYC Mayor Bloomberg Won’t Run For President

Posted at 4:22 PM, Mar 05, 2019
CORRECTS HIS TITLE – Former New York City Mayor Michael Bloomberg speaks at a news conference at a gun control advocacy event, Tuesday, Feb. 26, 2019, in Las Vegas. Bloomberg on Tuesday applauded the recent passage of gun background check law in Nevada, but said he has yet to decide on a 2020 presidential bid. (AP Photo/John Locher)

(AP) — Michael Bloomberg is not running for president.

The 77-year-old former New York City mayor, one of the richest men in the world, announced his decision not to join the crowded Democratic field in a Bloomberg News editorial on Tuesday.

Bloomberg flirted with a presidential run before, but as an independent. He registered as a Democrat last fall and spent recent months courting primary voters as a political centrist.

But as an older white man with strong ties to Wall Street, he likely would have struggled to win over the Democratic Party’s energized liberal base that’s increasingly embracing diversity.

Bloomberg is expected to play an active role in the 2020 election from the outside. His team has been preparing a massive data-driven effort to help defeat President Donald Trump.