The United States Presidential campaign has been jolted because a report said that the former New York Mayor Michael Bloomberg was actively considering entering the race as an independent candidate.
The 73 year old billionaire is prepared to spend up to1billion dollars of his own money to fund a campaign, reports Independent.
Bloomberg has instructed advisors to draw up plans for an independent run and will make a decision by early March.
In December, he commissioned a poll to see how he would compete with Donald Trump or Hillary Clinton, but the poll's result has not been disclosed.
No official word has been given by the former Mayor but the report suggests that it was possible for him to enter the race in the coming weeks to qualify to appear as an independent candidate on the ballot in all 50 states.
