Bloomberg flirted with a presidential run earlier this year, visiting early voting states and conducting extensive polling.
He is planning to submit his name for the Democratic presidential Primary in Alabama on Friday, the deadline to do so.More news: Seeks stardom on streaming service stage
To leave his options open, Bloomberg has dispatched aides to Alabama to start gathering signatures there, a source confirmed, even though it is not an early primary state. With his vast personal wealth, centrist views and close ties to the political establishment, he would present a grave and instantaneous threat to former Vice President Joe Biden, who has been struggling to raise money and assemble a ideologically moderate coalition.
Howard Wolfson, a close adviser to Bloomberg, said Thursday that the former mayor viewed President Donald Trump as an "unprecedented threat to our nation". Elizabeth Warren and Bernie Sanders, who contend that the extremely rich already wield far too much influence in politics.More news: Rajinikanth starrer `Darbar` Hindi motion poster shows him in cop avatar
"Based on his record of accomplishment, leadership and his ability to bring people together to drive change, Mike would be able to take the fight to Trump and win", Wolfson added, according to Bloomberg News.
During an interview with Iowa Radio in December, Bloomberg said if he runs for president, he would either sell the Bloomberg media company or place it in a blind trust.
"Trump will get re-elected if Elizabeth Warren is the nominee". "[Therefore] Mike was encouraged to take another look and reassess the race".More news: BritBox Launches In The UK After Striking Channel 4 Deal
Another person said that "people are just waiting for him to give the sign. Indications are that he's considering a run after turning the page a few months ago", the insider added.