Billionaire Michael Bloomberg officially announced his entry to the US presidential race


US billionaire Michael Bloomberg officially joined the US presidential race on Saturday.

According to the AFP news agency, Bloomberg presented his papers as a candidate for the Democratic Party in Alabama.

Bloomberg, who has been mayor of New York for 12 years, had previously announced he would not run as a candidate so as not to undermine former Vice President Joe Biden.

Bloomberg is ranked ninth on the list of the world's richest people, with a fortune estimated at $ 55.5 billion.

US President Donald Trump had earlier mocked billionaire Michael Bloomberg, saying the former mayor of New York City lacked "magic" enough to win.

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