Billionaire Michael Bloomberg joins Democratic race for President

Former New York City Mayor Michael Bloomberg has filed paperwork with US Federal Election Commission on Thursday to run for President as a Democrat in the 2020 elections.

The filing is not a definitive sign that Michael will seek the Democratic presidential nomination next year. An aide to the Billionaire has told the Hill that he has not yet made a final decision on whether to launch a campaign.

If he enters, he will likely forgo the early states where potential rivals have been visiting for months. He had already registered to appear on the ballot in Alabama, Arkansas and Texas.

A separate advisor said on Thursday that Michael also filed to be on the ballot in Georgia and Michigan.

The filing would allow Bloomberg to raise money for the campaign. The billionaire is expected to spend $15 million to $20 million on a voter registration drive, in addition to launching a $100 million digital ad campaign attacking Donald Trump in crucial battleground states.

The 77-year-old had joined the Democratic party last year.

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