As other news outlets reported Bloomberg was mulling a run, a source exclusively told RadarOnline.com the Democrat “made the decision in the last 24 hours and began cancelling all his business commitments.”
“His apprehension previously had been because of his close friend Joe Biden,” the source said of Bloomberg, 77. “However, now he does not believe there is a clear path toward the nomination for Biden and he believes he can win it.”
Bloomberg - estimated to be worth $51 billion - is set to announce his intention to run in a press conference shortly. He had previously indicated he would like to make a bid for the presidency in 2018, but initially chose to stay out and support Biden.
- EXCLUSIVE: Hillary Clinton Privately Tells Democratic Powerbrokers 'I'M READY' To Be Drafted In For 2024 Presidential Run
- President Joe Biden Officially Announces 2024 Re-election Bid: 'Let's Finish the Job'
- ‘No Ifs, Ands Or Buts’: California Gov. Gavin Newsom Plotting Run For President In 2024 As Long As Biden Steps Aside, Will Challenge Kamala Harris
However sources told CNBC that he would run if former vice president Biden struggled against Sen. Elizabeth Warren in the election running.
A New York billionaire with ties to Bloomberg told the site: “Bloomberg is in if Biden is out.”