Michael Bloomberg is finally officially running for president

Michael Bloomberg has finally decided to run for president, after a years-long game of will-he-or-won’t-he.

On Sunday, the 77-year-old billionaire philanthropist, media magnate, and former New York City mayor officially announced he will campaign to win the White House in the Democratic primary. Earlier this month, rumblings began that Bloomberg would finally pull the trigger after he started to register to get on the ballot in multiple states. He further fueled speculation when he apologized on November 17 for his mayoral administration’s stop-and-frisk policy, after declining to do so for years.

It’s been a long road to get here. In March, Bloomberg said he wouldn’t run for president. He also publicly ruled out an independent bid back in 2016. But now, he’s going to go for it after all.