Billionaire philanthropist, founder and CEO of Bloomberg L.P., Michael Bloomberg is reportedly considering his options for the presidential race later this year. A bit over a year into his return to the helm of the financial software, data and media company, the current presidential hopefuls are motivating the 10th richest man in the U.S. to run as an independent.

The billionaire is considering to spend $1 billion of his own money to support his bid as an independent candidate. The presidential hopeful is likely to commit to extensive studies before launching is official bid. Speculation about the reasoning for the ... (read more)