Trump's former inaugural committee chairman sees Joe Biden and Michael Bloomberg as formidable contenders for the White House.
"I like Mike Bloomberg, I know him, I think he would be an amazing president, he was an amazing mayor," Barrack said. "He's run a first class business, he's smart, he's thoughtful, he's considerate, he's done it all before, and he doesn't need anything," the CEO added, highlighting the advantage of wealth in a presidential campaign.
"So in that sense, the idea of someone self-funding a campaign — because at the end of the day it's about money, it's about money in every country and every election, America even more so — I think it would be a great thing and you have some young candidates coming up on the Democratic side who this cycle may not serve them well, but it will eventually serve them well."
Bloomberg joined the race late into the game and won't be appearing on any ballots until Super Tuesday on March 3, but he's rising in the polls after pouring hundreds of millions of dollars into his campaign. In a , the billionaire businessman was the only Democrat to top Trump. The poll, conducted in January, showed 52% of respondents said they favored the former New York mayor, according to Gallup and payments-tech firm Square.Still, Barrack noted the economic progress under Trump's tenure, which has seen U.S. unemployment at its lowest levels since 1969 and the stock market hit record highs.
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