Michael Bloomberg gives Trump 55 percent chance of winning in 2020

Former New York City Mayor Michael Bloomberg told the New York Times on Wednesday that President Donald Trump is more likely than not to win re-election in 2020.

SEE ALSO: Comey to confirm Trump pressured him on Flynn investigation: report

Speaking to columnist Frank Bruni, the once rumored presidential candidate gives fellow billionaire President Trump has "a 55 percent chance" at getting re-elected in a few years.

Bloomberg says he doesn't have faith in the Democrat's options for 2020, saying that the rumored cluttered field of candidates will "step on each other and re-elect Donald Trump."

Click through who may run in 2020:

The field for Democrats in 2020 at this point is wide open and could turn out to be quite crowded, with big names like Sen. Bernie Sanders, Sen. Elizabeth Warren and even former Vice President Joe Biden continuing to generate buzz around possibly challenging Trump for the White House.

However Bloomberg, an Independent who spoke at the 2016 Democratic National Convention in Philadelphia, also had harsh words for previous Democratic presidential nominee Hillary Clinton, criticizing both the candidate and the party for not putting forward a strong message to voters.

"Hillary said, 'Vote for me because I'm a woman and the other guy's bad,' Bloomberg said.

The former New York City mayor considered an independent bid for the White House in 2016 but decided against early last year, later endorsing Clinton.

"Truth be told, the richest thing about Donald Trump is his hypocrisy," Bloomberg said in his DNC speech in 2016.

"He wants you to believe that we can solve our biggest problems by deporting Mexicans and shutting out Muslims. He wants you to believe that erecting trade barriers will bring back good jobs. He's wrong on both counts."