Donald Trump is the richest President in the history of the United States – but as he is gearing up for a re-election campaign, the real estate magnate would be richer at the end of given to someone else.
The future in 2020, the field of potential challengers includes not less than four fellow billionaires.
The richest of the pack, by far, is the former New York City mayor Michael Bloomberg. The media mogul and gun control advocate ‘ s net value is a list, estimated at almost $52 billion, according to the latest Forbes 400 richest Americans.
That dwarfs Trump, whose fortune Forbes estimates at $3.1 billion (although Trump has claimed his net assets is higher). Bloomberg is perhaps the best-known billionaires is eyeing a bid – and the car most likely to take the plunge, given his recent trips to early voting States and a public switch back to the democratic party after years as an independent – but some of the others have stirred speculation.
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They include: Hedge-Fund-manager-turned-environmental activist Tom Steyer (a value of $1.6 billion, says Forbes); the former Starbucks CEO, Howard Schultz (a value of $ 3.3 billion); and investor and Dallas Mavericks owner Mark Cuban ($3.9 billion).
It is unclear whether all of them would decide to run. While Cuban flirting, allegedly, with a White house bid as a Republican or independent, the other three would be in a sprawling Democratic field, which includes high-profile senators and several former presidential candidates.
At least on the Democratic side, their immense wealth is a double-edged sword could be.
Like trump, you have the ability to self-Finance would have – that would help not only the flood, claiming the airwaves with advertising, but its political independence from individual interests. Trump would not be the only one who could claim that he is for the sale with the donors.
“What you can do is keep you in the race much longer, as someone said, not able to collect the money, and it obviously allows you, your message, whatever it is,” Adrienne Elrod, a democratic strategist who served as a senior aide on Hillary Clinton’s 2016 presidential campaign.
At the same time, their wealth is a liability that could, as you seek the nomination in a party where all the energy is with the progressive wing.
“I think it is a hard fight, for a billionaire in the Democratic party in a way that differs from the Republican party,” said Neil Sroka, communications Director for the progressive group democracy for America. “It’s not going to hurt you, but it’s definitely not going to help.”
Sroka took the “income inequality” issue front and center in the Democratic primary.
“It is not so, as to whether it can carry a cross, but it is something that you are going to talk about it and be honest with the entire primary process,” he said.
For now, Bloomberg the most attention attracts the billionaires. He took a swipe at the President over the weekend, with a blistering column for his media company, decrying Trump the “ruthless emotional and pointless chaotic approach to the job.”
A former Republican turned independent, returned to the democratic party this year, Bloomberg made a stop in the early caucus and primary voting States of Iowa and New Hampshire, last fall, fueling speculation he’s gearing up for a White house run.
“He is very good in his post-mayoral life, his wealth, and he is engaged to be married, a lot of progressive values, as part of that,” Elrod told Bloomberg that efforts to battle gun violence, and his vow to make climate change the defining issue in the year 2020.
But she added that “the biggest thing that hurt him more than his own personal wealth, the fact that he used to be a Republican.” She said that a “far greater liability” competition would be “a very left-oriented progressive grassroots sport primary.”
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Steyer, meanwhile, has attracted going to be spending the attention of millions on a campaign to accuse the President. The former hedge-Fund manager who said that he will have to decide on White house run early in the new year – was the start of a town hall tour this month in South Carolina, the first southern state in the primary and caucus calendar. The tour will also include other early voting States to bring him to New Hampshire, Iowa and Nevada.
Steyer has also built a large E-Mail distribution list due to its “charges” – drive and support for America, the grassroots advocacy organization that he created five years ago.
“When you think of Tom Steyer, the first thing that the Democratic voters think he is for the prosecution, which is not a bad thing, because he is able to get his message and break through,” Elrod said.
But she wondered whether the charge push would actually translate to primary votes.
Schultz, who suffers from a lack of recognition in comparison with the other uber-rich has hired potential candidates, a great public-relations team, and is expected to promote cross, and across the country early in the year 2019 as he has a new book.
For these business people, the politics, strategists say, the message is no matter, more than the money.
“They bring a lot of money, but we didn’t see in some of our last elections here, this means that at the end of the day, that you go to the one with your name on the ballot,” Zandra Rice-Hawkins, executive director of the New Hampshire-based progressive group Granite State progress, said.
Ultimately, a hurdle for the candidates can be, whether you can display, change in a party-and to Outdo torn between the old and the new guard, the see after the rally behind Clinton in 2016 just to the establishment, choice almost lose.
“I don’t know that the Democrats necessarily interested in a candidate like [the billionaires] is more than someone who is younger or who is speaking to issues of diversity, or the run a lot more openly liberal or progressive campaign,” Saint Anselm College politics professor Christopher Galdieri said.