Michael Bloomberg, one of the world's richest men and a candidate to take on President Donald Trump next year, has denied trying to buy the White House.

Axar.az reports citing BBC.

Mr Bloomberg's rivals for the Democratic presidential nomination have accused him of doing exactly that.

The ex-New York City mayor entered the race in late November with one of the largest political ad buys ever.

Despite his late entry to the race, he is currently polling fifth on 4% out of 15 candidates.

Asked to respond to the claim he was trying to buy the election, Mr Bloomberg told CBS of his rivals: "I'm doing exactly the same thing they're doing, except that I am using my own money.

"They're using somebody else's money and those other people expect something from them.