MIKE BLOOMBERG: There's a '55% chance' Trump gets reelected

Michael BloombergBryan Bedder/Getty ImagesMichael Bloomberg.

Former New York City Mayor Michael Bloomberg told The New York Times that he believes there is a “55% chance” that President Donald Trump gets reelected in 2020.

The billionaire businessman and philanthropist who heads Bloomberg LP and Bloomberg Philanthropies made the comment while speaking to Times columnist Frank Bruni to discuss his philanthropy’s annual report.

Bloomberg, an independent who served as New York City’s mayor for more than a decade, considered launching an independent presidential bid during the 2016 election cycle, but decided against doing so in early March of last year. He later backed Democratic presidential nominee Hillary Clinton and spoke at the Democratic National Convention in Philadelphia, deeply criticising Trump.

Bloomberg told Bruni that Democrats did not zero in on an effective message during the 2016 campaign.

“Hillary said, ‘Vote for me because I’m a woman and the other guy’s bad,'” Bloomberg said, adding that too many Democrats have visions of 2020 while they’re still figuring out the right message.

“They will step on each other and reelect Donald Trump,” he said, giving Trump “a 55% chance.”

NOW WATCH: IAN BREMMER: Trump won’t be impeached — his scandal is more like Iran-Contra, not Watergate

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.