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Washington (CNN) Billionaire Michael Bloomberg will have a “difficult” time jumping into the 2020 race should the former New York mayor decide to run, Democratic presidential candidate Andrew Yang said Friday.

“We’re seeing some of the limits of what money can do with other candidates.

And so I think he’s going to have his work cut out for him, if he jumps in,” Yang continued.

And I believe that Mike has a lot to add,” said Yang, who praised Bloomberg as a “great philanthropist” and “an extraordinary leader.”

Yang himself is wealthy, though not as rich as Bloomberg, whose net worth is valued at roughly $52 billion.

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