Billionaire ex-mayor Bloomberg mulling US presidential bid

January 23, 2016 22:53

US billionaire and former New York mayor Michael Bloomberg is mulling an independent bid for the White House, The New York Times reported.

The 73-year-old businessman is drawing up plans for a potential run on a third-party ticket for which he is prepared to spend $1 billion of his personal fortune, the Times said, citing anonymous sources briefed on the matter.

The Republican-turned-independent sees a potential opening should Republican frontrunner Donald Trump and Democratic candidate Bernie Sanders -- who is surging in polls -- win their parties' nominations, the sources said.

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