Bloomberg throws hat, billions into race: Darcy cartoon

Former New York mayor Michael Bloomberg had previously said he wouldn't run but has reportedly been toying for weeks with the idea of seeking the White House after all

Former New York mayor Michael Bloomberg had previously said he wouldn't run but has reportedly been toying for weeks with the idea of seeking the White House after all

Don't worry too much about Mike Bloomberg - if history is any guide, if billionaires do nothing other than invest their wealth in the stock market, it's likely that their wealth will continue to grow.

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Michael Bloomberg, the billionaire former mayor of New York City, is preparing to get in the race for Alabama's presidential primary, reported CBS News.

And, according to a report from Recode's Jason Del Ray, Amazon CEO and world's richest person Jeff Bezos called Bloomberg earlier this year to gauge his fellow billionaire's interest in a presidential run.

Bloomberg also had a question for Bezos: Will he reconsider his decision to cancel plans for an Amazon headquarters in New York City?

According to her calculator, Bloomberg is poised to pay $3.079 billion given his asset of $51 billion.

Jonas Brothers Release Christmas Track 'Like It's Christmas'
While those are all well in good, there hasn't been a proper Jonas Brothers holiday song in about a decade - until now. We're only one week into November, and some may say that's a little early to start amping up the Christmas cheer.

Bloomberg's prospective entry into the Democratic primary comes amid continued polling and fundraising strength for Sen.

Sen. Elizabeth Warren (D-Mass.) said Friday that she would consider suspending deportations of illegal immigrants to force Congress to approve her immigration agenda if she is elected president.

Bloomberg, who co-founded financial information and media company Bloomberg LP in 1981, was mayor of New York City from 2002 to 2013, serving three terms.

Another socialist Democratic candidate Bernie Sanders also reacted upon learning about Bloomberg 's recent move. Bloomberg adviser Howard Wolfson said the former mayor is anxious that the current crop of Democratic presidential candidates is "not well-positioned" to defeat Trump. This time he would be entering the race as The Anti-Trump and The Anti-Warren, The Anti Sanders, The Anti-Wealth Tax.

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