Being disappointed in the Democrat and Republican top leaders in the presidential race, Michael Bloomberg -- the billionaire former mayor of New York City -- has told his aides to draw up plans for an independent campaign for the U.S. presidency, the Reuters website reports today (January 23, 2016).
Bloomberg has advised friends and associates that he would be willing to spend at least $1 billion of his own money on a campaign for the November 2016 election.
Bloomberg, 73, has given himself an early March deadline for entering the presidential race, after commissioning a poll in December to see how he would fare against Donald Trump and Hillary Clinton, the Republican and Democratic frontrunners.
No independent has ever won a U.S. presidential election. But Bloomberg -- who has close Wall Street ties and liberal social views -- sees an approving attraction of voters for his candidacy if Republicans nominate Trump or Texas Senator Ted Cruz and the Democrats nominate Clinton or Vermont Senator Bernie Sanders.