Michael Bloomberg Won't Run for President in 2020

Former New York City Mayor Michael Bloomberg says he won't run for president in 2020, but will instead launch a new campaign called Beyond Carbon to continue advancing the causes he's already invested in.

In an editorial penned on Bloomberg.com, Bloomberg said many people have encouraged him to run and he has in fact thought about a possible presidential campaign.

• Bloomberg to Announce 2020 Decision By End of Month

But, he said, "the choice before me has become clear. Should I devote the next two years to talking about my ideas and record, knowing that I might never win the Democratic nomination? Or should I spend the next two years doubling down on the work that I am already leading and funding, and that I know can produce real and beneficial results for the country, right now?"

Photo Credit: Getty Images

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