Billionaire former New York Mayor Michael Bloomberg has officially announced he is standing to be the Democratic Party presidential nominee.
In a statement, Bloomberg said he was standing “to defeat Donald Trump and rebuild America.”
“The stakes could not be higher. We must win this election,” he wrote.
“As a candidate, I’ll rally a broad and diverse coalition of Americans to win. And as president, I have the skills to fix what is broken in our great nation. And there is a lot broken,” he added.
He joins 17 other candidates vying for the Democratic nomination to take on Mr Trump in 2020.
Former Vice-President Joe Biden, Senators Elizabeth Warren and Bernie Sanders are the party’s front-runners.
