Michael Bloomberg To Endorse Hillary Clinton: Report

The billionaire decided against running for president himself earlier this year.

Former New York City Mayor Michael Bloomberg will endorse presumptive Democratic presidential nominee Hillary Clinton in a speech at the Democratic National Convention next week, The New York Times reports.

According to the Times, the endorsement “reflects Mr. Bloomberg’s increasing dismay about the rise of Donald J. Trump and a determination to see that the Republican nominee is defeated.”

The New York billionaire decided against an independent bid for president himself earlier this year due to fears he would “play a role in electing a candidate who would weaken our unity and darken our future.”

Bloomberg further stated that Trump “has run the most divisive and demagogic presidential campaign I can remember, preying on people’s prejudices and fears.”

Bloomberg was elected to New York’s mayoralty as a Republican in 2001 but then became an independent.

The Democratic National Convention takes place July 25-29 in Philadelphia.

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