Michael Bloomberg Says He is Considering Presidential Bid

Michael Bloomberg spoke candidly about the possibility of a presidential run.

Bloomberg told the Financial Times he is looking at "all options" regarding a possible bid. He strongly condemned the 2016 campaign rhetoric, calling the discussions "distressingly banal and an outrage and an insult to voters."

Richard Winger, the editor of Ballot Access News, has previously told ABC News that, by his estimates, obtaining signatures to get on the ballot in all 50 states could cost between $2.5 and $3 million.

Financials should not be a problem for Bloomberg, who, according to Forbes, has a net worth of over $40 billion.

Bloomberg served as Mayor of New York City from 2002 through 2013.