Former New York City Mayor Michael Bloomberg officially entered the 2020 Presidential race Sunday.
Bloomberg may be slugging it out with U.S president, Donald Trump for the White House .
He has officially announced that he is standing to be the Democratic Party presidential nominee.
The 77-year old billionaire businessman says he is standing to defeat Donald Trump and rebuild America.
In his tweet, Bloomberg said he believes his unique set of experiences in business, government, and philanthropy will enable him win and lead.
Bloomberg joins 17 other candidates vying for the democratic nomination to take on incumbent president Trump in 2020.