Former New York Mayor Michael Bloomberg will officially join the 2020 U.S. Presidential Election race this week, with his first appearance at a presidential debate.
Bloomberg has qualified for Wednesday's Democratic presidential debate in Las Vegas, ahead of this weekend's Nevada caucuses.
A recent poll by NPR, PBS NewsHour and Marist showed Bloomberg is in second among the Democratic candidates with 19 percent support.
Senator Bernie Sanders has a strong lead with 31 percent.
Bloomberg is skipping the first four contests, namely Iowa, New Hampshire, Nevada and South Carolina, and has been preparing for Super Tuesday.
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"I'm here to tell you how deeply committed I am serving as your partner in the White House. But first, I need your help to get to the White House. ()The most important job I'm going to have is to defeat Donald Trump this November."
Other Democratic candidates are gearing up to slam him, calling him "racist" for his earlier "Stop and Frisk" remark, and bringing up his previous controversial remarks on women.
Some say he's too rich to be president.
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"Today we say to those billionaires who are spending hundreds of millions of dollars to support candidates who represent the rich and the powerful, today we say to Mayor Bloomberg, we are a democracy, not an oligarchy."
Bloomberg has poured more than 400-million U.S. dollars so far into ads for his candidacy.
Estimates show Bloomberg is over 17-times richer than President Trump.
The Forbes 400 list says Bloomberg was worth over 53-billion dollars in 2019, while Trump was worth around 3-billion dollars.
Yoon Jung-min, Arirang News.