Billionaire businessman Michael Bloomberg is strongly considering entering the race for the US Democratic Party’s presidential nomination.
The ex-New York City mayor is concerned the current field of candidates is not good enough to beat Donald Trump in the 2020 election, his spokesman says.
The 77-year-old is expected to file paperwork this week for the Democratic presidential primary in Alabama.
A total of 17 candidates are currently vying to take on President Trump.
Former Vice-President Joe Biden, Massachusetts Senator Elizabeth Warren, and Vermont Senator Bernie Sanders are the Democratic frontrunners.
Some recent opinion polls have suggested that Ms. Warren and Mr. Sanders – who are regarded as to the left of Mr. Biden – might lose against Republican Mr. Trump if either won the party’s nomination.
Mr. Bloomberg’s spokesman said: “We now need to finish the job and ensure that Trump is defeated. But Mike is increasingly concerned that the current field of candidates is not well-positioned to do that.”