Billionaire Warren Buffett Says Billionaire Michael Bloomberg 'Would Be a Very Good President'

Billionaire investor Warren Buffett said on Monday that he would support fellow billionaire Michael Bloomberg should the former New York City mayor decide to run for president.

"If Mike Bloomberg announced tomorrow that he was a candidate, I would say that I'm for him," Buffett said in an interview with CNBC. "I think he would be a very good president. He and I disagree on some things, but I think that he knows how to run things. I think that he's got the right goals for America, he understands people, he understands the market system ... I would have no trouble being for him."

Bloomberg has long flirted with a presidential run but hasn't made a definitive statement on the matter. Former Starbucks CEO Howard Schultz, also a billionaire, has been open about a potential run as independent. Buffett wasn't a fan of that prospect when asked about it by CNBC's Becky Quick.

"Howard Schultz, uh, he says he's going to run as an independent—if he ran as an independent, I think he would take votes away from any Democrat, including Bloomberg, if he were running," Buffett said. "It would be a real mistake for him to run. I think generally third-party candidates are going to hurt one side or the other, and they're more likely to hurt the side that they actually favor, because they're closer to that view."

michael bloomberg warren buffet billionaires
Former New York City Mayor Michael Bloomberg on December 4, 2018. Billionaire Warren Buffett said that fellow billionaire Bloomberg would be a good president. Steve Pope/Getty Images

Polling has indicated that Schultz would likely pull more Democratic voters than Republican voters, while early surveys have shown that Bloomberg currently trails the Democratic frontrunners by a significant margin.

Bloomberg has been critical of Trump's presidency. "I think it's clear that the president at this point cannot be helped," he said last month.

"It's like the government version of a bad horror movie, but instead of Freddy Krueger and the Nightmare on Elm Street, we've got Donald Trump and the Nightmare at 1600 Pennsylvania Avenue."