Washington, Nov 8: Billionaire businessman and former New York mayor Michael R Bloomberg is preparing to enter the race for the US Democratic Party's presidential nomination, several international news dailies reported on Friday.
"The ex-New York City mayor is concerned the current field of candidates is not good enough to beat Donald Trump in the 2020 election," an adviser said.
"However, the 77-year-old has not yet made a decision on whether to run," advisers added.
A total of 17 Democratic candidates are vying to take on President Trump.
Former Vice-President Joe Biden, Massachusetts Senator Elizabeth Warren and Vermont Senator Bernie Sanders are the frontrunners.
Some recent opinion polls have suggested that Ms Warren and Mr Sanders - who are regarded to the left of Mr Biden politically - might lose against Republican Mr Trump if either won the party's nomination.
So far, three Republicans have said they will challenge Mr Trump in the party's primary contest.
But it is seen as almost impossible that anyone will take the Republican mantle from the President. (UNI)