I’ll pay every cent myself if I run for president says ex-New York mayor Michael Bloomberg

I’ll pay every cent myself if I run for president says ex-New York mayor Michael Bloomberg, who is worth $45 BILLION – that’s at least 27 times more than Trump

Former New York Mayor Michael Bloomberg says that if he runs for president, he’ll pay for it himself, defending candidates who use personal riches to bankroll campaigns.

Bloomberg’s comments to reporters in Texas on Friday follow a jab from another top 2020 contender. 

Massachusetts Sen. Elizabeth Warren recently decried the Democratic presidential nomination becoming ‘one more plaything that billionaires can buy.’

Forbes estimates Bloomberg’s current worth at $45.2 billion; it most recently calculated that Donald Trump is worth $1.68 billion.

But Bloomberg says his riches insulate him from having to curry favor with special interests.

‘I ran three times. I used only my own money so I didn’t have to ask anybody what they wanted in return for a contribution,’ Bloomberg said. 

‘And, if I ran again, I would do the same thing. I think not having to adjust what you say and what you work on based on who financed your campaign is one of the things that the public really likes.’

 Decision time: Michael Bloomberg says he will announce if he will run or not by next month. If he enters the field he would dwarf Trump as the richest-ever presidential contender - at a time when the Democratic party whose nomination he is seeking is turning against the richest 

 Decision time: Michael Bloomberg says he will announce if he will run or not by next month. If he enters the field he would dwarf Trump as the richest-ever presidential contender – at a time when the Democratic party whose nomination he is seeking is turning against the richest 

He added: ‘I understand not everybody can be self-funded but those that can, I think, should.’

Bloomberg was in Austin to announce that the city had won funding to help combat climate change from his philanthropic foundation. 

He told reporters he won’t make a decision on a possible presidential bid for ‘another month or so.’

Warren has already formed a presidential exploratory committee and generated excitement with a visit to Iowa last week. 

She asked recently: ‘Is this going to be a Democratic primary that truly is a grassroots movement that is funded by the grassroots and it’s done with grassroots volunteers, or is this going to be something that’s one more plaything that billionaires can buy?’

Warren said on MSNBC’s ‘Rachel Maddow Show’ that Democrats should ‘link arms’ and take grassroots funding. ‘No to the billionaires,’ she said.

Bloomberg didn’t mention Warren by name on Friday, but shortly after his comments, spokeswoman Paige Hill said, ‘Mike has met Warren and was impressed by her.’ 

She also offered a statement from Bloomberg senior adviser Howard Wolfson that said ‘Mike is somebody who did not grow up with privilege. He made all of his money on his own.’

WHO ARE ALL THE DEMOCRATS OFFICIALLY RUNNING FOR THE PRESIDENCY IN 2020 SO FAR?

ELIZABETH WARREN

Age on Inauguration Day 2021: 71

Entered race:  Set up exploratory committee December 31, 2018

Career: Law lecturer and academic who became an expert on bankruptcy law and tenured Harvard professor. Ran for Senate and won in 2012, defeating sitting Republican Scott Brown, held it in 2018 60% to 36%. Was short-listed to be Hillary’s running mate and campaigned hard for her in 2016

Family: Twice-married mother of two and grandmother of three. First husband and father of her children was her high-school sweetheart. Second husband Bruce Mann is Harvard law professor. Daughter Amelia Tyagi and son Alex Warren have both been involved in her campaigns. Has controversially claimed Native American roots; DNA test suggested she is as little as 1,064th Native American

Religion: Raised Methodist, now described as Christian with no fixed church

Views on key issues: Voted Republican until 1995 but has tacked left since. Pro: higher taxes on rich; banking regulation; Dream Act path to citizenship for ‘dreamers’; abortion and gay rights; campaign finance restrictions; and expansion of public provision of healthcare – although still to spell out exactly how that would happen. Against: U.S. presence in Afghanistan and Syria; liberalization of gambling

Slogan: To be announced 

JULIAN CASTRO

Age on Inauguration Day 2021: 46

Entered race: Announced exploratory committee on December 12, 2018

Career: Stanford and Harvard graduate who was a San Antonio councilman at 26 and became mayor in 2009. Was Obama’s Housing and Urban Development secretary from 2014 to 2016

Family: Married with nine-year-old daughter and four-year-old son. His identical twin Joaquin, who is a minute younger, is Democratic congressman. Would be first Hispanic-American nominee and first-ever U.S. president with a twin

Religion:  Catholic

Views on key issues: Wants medicare for all, action on affordable housing, will not take money from political action committees (PACs) tied to corporations or unions. Other views still to be announced

Slogan: To be announced

JOHN DELANEY

Age on Inauguration Day 2021: 57

Entered race: Filed papers July 28, 2017

Career: Three-time Maryland congressman, first winning election in 2012. Previously set up publicly-traded companies lending capital to healthcare and mid-size businesses and was New York Stock Exchange CEO

Family: Married father of four; wife April works for children’s issues nonprofit 

Religion: Catholic 

Views on key issues: Social liberal in favor of legalized pot and gun control but not single-payer healthcare; fiscally conservative

Slogan: Focus on the Future

ANDREW YANG

Age on Inauguration Day 2021: 46

Entered race: Filed papers November 6, 2018

Career: Started a dotcom flop then become healthcare and education tech executive who set up nonprofit Venture for America

Family: Married father of two; would be first Asian-American nominee

Religion: Reformed Church

Views on key issues: Warns of rise of robots and artificial intelligence, wants $1,000 a month universal basic income and social media regulated 

Slogan: Humanity First

RICHARD OJEDA

Age on Inauguration Day 2021: 50

Entered race: Filed papers November 12, 2018

Career: Tattooed Army paratrooper officer with combat tours in Iraq and Afghanistan awarded disability by VA; then high school teacher and West Virginia state senator. Lost 2018 run for Congress

Family: Married father of two; wife is paid caregiver for his combat-related disabilities; grandfather was illegal immigrant from Mexico

Religion: Not declared

Views on key issues: Populist union booster who backed teachers’ strike in West Virginia; wants lobbyists banned; won’t take corporate political action committee donations but will take from unions; voted for Trump in 2016 but regrets it

Slogan: To be announced 

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