If there is a backup plan should Clinton be indicted, it won’t include Michael Bloomberg. New York City’s former Mayor announcement Monday he would not run for President.

CNBC reports:

“Over the last several months, many Americans have urged me to run for president as an independent, and some who don’t like the current candidates have said it is my patriotic duty to do so,” he wrote in the Bloomberg View op-ed, later adding that “when I look at the data, it’s clear to me that if I entered the race, I could not win. I believe I could win a number of diverse states — but not enough to win the 270 Electoral College votes necessary to win the presidency.”

The billionaire businessman had publicly toyed with the idea of leading a third-party campaign, telling the Financial Times in February that he was “looking at all the options” for a potential White House bid.

Just three weeks ago, Bloomberg was still considering running for President:

Follow Kemberlee on Twitter @kemberleekaye