Michael Bloomberg Registers As a Democrat, Fueling Speculation of Presidential Run

NEW YORK, NY – DECEMBER 04: Michael Bloomberg speaks onstage during “The Bloomberg 50” Celebration at Gotham Hall on December 4, 2017 in New York City. (Photo by Craig Barritt/Getty Images for Bloomberg)

(JTA) — Michael Bloomberg announced that he has registered as a Democrat, fueling speculation that he will challenge Republican President Donald Trump in the 2020 election.

The Jewish billionaire businessman and three-term New York mayor made the announcement early Wednesday morning in a post on Instagram.

“At key points in U.S. history, one of the two parties has served as a bulwark against those who threaten our Constitution,” he wrote. “Two years ago at the Democratic Convention, I warned of those threats. Today, I have re-registered as a Democrat – I had been a member for most of my life – because we need Democrats to provide the checks and balance our nation so badly needs.”

In June, Bloomberg reportedly said at a fundraiser that he’s “revving up” for 2020. CBS reported in June that he was considering a run for president in 2020.

He has said he will “take a look” at a presidential campaign after the midterm elections, The Washington Post reported Wednesday.

Bloomberg, 76, considered Independent runs for the White House in 2008, 2012 and 2016. He endorsed Hillary Clinton in the ’16 presidential election, calling Trump a “risky, reckless and radical choice.”

In New York, Bloomberg ran as a Republican in 2001 and 2005, and was elected in 2009 to his last term as an Independent candidate on the Republican ballot line. He officially left the Republican Party in 2007.

Last week Bloomberg announced that he will donate $20 million to the Senate Majority PAC to support Democratic candidates for the U.S. Senate. The donation came on top of a previous donation to Democratic congressional candidates, bringing his total expenditure in the midterms to $100 million.

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