Willie Wilson Announces 2016 Presidential Bid

Chicago businessman and former mayoral candidate Willie Wilson has announced he will run for the Democratic presidential nomination in 2016.

"I'm here today to announce that I am running for president of the greatest country in the world," Wilson said Monday, surrounded by supporters.

Wilson, who said he wants to be a "people's candidate," announced in May that he had launched an exploratory committee to advise him on whether he should run.

“This has not been an easy decision for me,” Wilson said in a statement. “But I know that it is the right decision.”

The latest announcement comes after a failed bid for mayor of Chicago, where Wilson won just 10 percent of the vote. His campaign, however, said Wilson's run sparked a historic runoff election in the city.  

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