Michael Bloomberg Considers Run for President as an Independent

Former New York mayor tells friends he would spend as much as $1 billion of his own money on campaign

Last Updated: January 23, 2016 @ 11:19 AM

The 2016 presidential race might be getting even more crowded.

Former New York City Mayor Michael Bloomberg is seriously considering an independent presidential run and is looking at making a decision sometime in March, according to both the New York Times and CNN.

A source told CNN that aides to the three-term mayor are looking at ballot access issues, but the source declined to say what Bloomberg specifically asked to be done.

That same source said Bloomberg is unhappy with how polarizing both the Republican and Democratic presidential races have become.

According to the Times, the 73-year-old founder of Bloomberg News told friends that he would spend as much as $1 billion of his own money on his campaign.

Last month, the media mogul reportedly commissioned a poll to see how he would do as a third-party candidate against Donald Trump and Hillary Clinton, the presumed frontrunners for the Republican and Democratic parties.