Billionaire and former New York City Mayor Michael Bloomberg formally announced his candidacy as a late addition to the race for the 2020 Democratic presidential nomination months after he ruled out the possibility of a run.
On his website Sunday, Bloomberg wrote, "We need a president who understands that truth – and who can do it, rather than just make promises."
"I offer myself as a doer and a problem solver – not a talker. And as someone who is ready to take on the tough fights – and win."
Here are six things to know about the former mayor:
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