The New York Times, citing anonymous sources, said yesterday that the 73-year-old Bloomberg is mulling an independent bid for the presidency and is prepared to spend USD 1 billion of his personal fortune.
The Republican-turned-independent sees a potential opening should Trump and Democratic candidate Bernie Sanders -- who is surging in polls -- win their parties' nominations, the sources said.
The media mogul has reportedly set a deadline for a final decision for early March.
Trump, 69, a real-estate mogul and onetime reality TV star, said that Bloomberg "might very well get in the race."
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"He's very opposite on me with guns and he's opposite on pro-life and he's opposite on a lot of things," he said, speaking to the CBS News program "Face the Nation."
"And Michael's been a friend of mine over the years -- perhaps we're not friends anymore. You know, he's wanted to do this for a long time and he never pulled the trigger."
"This country is moving away from democracy to oligarchy.