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Michael Bloomberg Not to Enter Presidential Race – Reports

© REUTERS / Stephane MaheFormer New York City Mayor Michael Bloomberg attends a meeting during the World Climate Change Conference 2015 at Le Bourget.
Former New York City Mayor Michael Bloomberg attends a meeting during the World Climate Change Conference 2015 at Le Bourget. - Sputnik International
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According to US media reports Michael Bloomberg will not run for president of the United States in 2016.

NEW YORK (Sputnik) — US billionaire and media magnate Michael Bloomberg will not run for president of the United States in 2016, according to US media reports.

"Michael R. Bloomberg, who for months quietly laid the groundwork to run for president as an independent, will not enter the 2016 campaign," the New York Times reported on Monday.

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