Billionaire former New York Mayor Michael Bloomberg has officially announced he is standing to be the Democratic Party presidential nominee.
In a statement, the 77-year-old said he was standing “to defeat Donald Trump and rebuild America”.
“The stakes could not be higher. We must win this election”, - wrote Bloomberg.
He joins 17 other candidates vying for the Democratic nomination to take on Donald Trump in 2020.
As things stand, former Vice-President Joe Biden, Senators Elizabeth Warren and Bernie Sanders are the party"s front-runners.