Former New York City Mayor Michael Bloomberg is considering challenging President Donald Trump in the 2020 election, running as a Democrat against his fellow member of the billionaire's club.
The 76-year-old would be the oldest and richest person to seek the Oval Office, New York City's CBS affiliate reports.
This also marks the fourth time Bloomberg has mulled throwing his hat into the presidential ring - an option he considered in 2008, 2012, and 2016.
Bloomberg considered running as an Independent last cycle, but sources told CBS that if he runs in two years it would be as a Democrat.
Michael Bloomberg is considering challenging President Donald Trump in the 2020 election, running as a Democrat
President Trump and Michael Bloomberg are both New York billioniares
The move is fueled partly by regret that he didn't stay in the race in 2016, because he feels he could have either won or at least prevented Trump from winning, a source close to former mayor told the news station.
Bloomberg opted not to run two years ago amid fears he could not win on a third-party line.
But he campaigned against Trump, who smacked him down as a 'little guy.'
Despite being New York billionaires, the two men rarely spent time together.
In 2007, when Bloomberg was in the second of his three terms as mayor, the two played together in a charity event at Trump National Golf Club.
And Bloomberg appeared twice on Trump's reality TV show, 'The Apprentice,' in 2004 and 2008, to show support for a program produced in New York.
Additionally, Bloomberg's daughter Georgina is friends with Ivanka Trump.
There have been some hints Bloomberg is revving up for 2020.
The billionaire has already committed to spending at least $80 million to help Democrats win Congressional races this year and that will earn him a lot of political gratitude in the process
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