The billionaire media mogul has a huge pool of wealth to draw from in his campaign for the Democratic nomination—and he's willing to use a lot of it.
The billionaire owner of Bloomberg News also claimed he knew how to "take on the powerful special interests that corrupt Washington."
The New York mayor suggested Bloomberg's money made him out of touch with what voters need.
"I'm running for president to defeat Donald Trump and rebuild America," Michael Bloomberg, 77, announced on Sunday.
"Bloomberg could be a great president but his presence in the race will do great harm if he does not announce NOW a plan to sell his financial services and media companies," Painter tweeted Monday.
"We cannot afford four more years of President Trump's reckless and unethical actions," Bloomberg wrote in a letter explaining his candidacy.
Conway said the 77-year-old billionaire's late entrance into the 2020 race "means that the Democratic field is underwhelming."
The Black Lives Matter activist spent many years protesting the former Mayor of New York's policing policies.
"We cannot afford four more years of President Trump's reckless and unethical actions," Bloomberg said on his campaign website.
After the billionaire and possible presidential candidate reportedly spent over $30 million on ads, Bernie Sanders criticized the move, saying Bloomberg can't "buy this election."
Tiffany Cabán criticised the New York City mayor for his support for "broken windows policing" and additional police officers on the subway network
Critics are skeptical after the former New York City mayor apologized for the "stop-and-frisk" policy he aggressively enforced for more than a decade.
Congresswoman Alexandria Ocasio-Cortez swiped presidential candidates recently joining the race, saying their campaigns were "setting ablaze hundreds of millions of dollars."
Michael Bloomberg, who has not officially declared his candidacy for the presidential race in 2020, ranks below nearly every other candidate in a new poll of Iowa voters.
Detractors constantly question Elizabeth Warren's ability to achieve her goals, but the increasingly terrified billionaire class clearly believes in her.
Recent history shows that a large amount of money on hand doesn't necessarily guarantee a campaign's success. At the same time, nobody as rich as Michael Bloomberg has ever run for president.
Rep. Ilhan Omar sparked a backlash on Twitter after posting a tweet in reaction to billionaire Leon Cooperman saying he would support Michael Bloomberg for president.
"Ruñningo for presidente por que yo necesito to protecto los rightos del billionairos. No wealtho taxos. Todos el dinero estan mine," the satirical account tweeted on Friday.
The Morning Consult poll also found that the billionaire former New York City mayor would beat Trump by 6 percent.
"One billionaire calls another billionaire and asks him to run for president—I'm shocked!" Warren tweeted.
Michael Bloomberg filed paperwork to enter the 2020 presidential primary on Friday.
The 2020 bid from the former New York mayor could create some headaches for Biden's ability to maintain the support from moderate Democrats that he needs to remain a frontrunner.
The former New York City mayor is reportedly on the verge of entering the Democratic party's race for the presidential nomination.
The former New York mayor is reportedly concerned that none of the current Democrat contenders can beat President Donald Trump in 2020.
Elizabeth Warren welcomed Michael Bloomberg to the 2020 Democratic race for President by inviting him to see how much he would owe under her wealth tax proposal.
The New York billionaire has reportedly begun interviewing staff members in Iowa and New Hampshire.
Outraged responses poured in through social media after the network failed to include women or minorities in a list of potential candidates.
"I think it's clear that the president at this point cannot be helped," Bloomberg said on Friday.
"I will ride the public transport with the townspeople to experience the difficult sections and assess traffic capacity," Mayor Mikhail Isayev insisted.