Photo by Mike Coppola/FilmMagic

Mike Bloomberg hopes Hillary Clinton will help give him a leg up in the crowded 2020 Democratic field. Drudgereport.com broke the news that Bloomberg, a tech billionaire and former mayor of NY, is considering picking Clinton as his running mate in the 2020 Democratic race.

Currently, Vermont Senator Bernie Sanders, 78, leads the Democratic field by 10+ points in the polls.

Bloomberg, 77, is said to be considering changing his official residence to one of his homes in Florida or Colorado because the electoral college prevents the president and vice president from residing in the same state.

Photo by Daniel J. Barry/WireImage

Clinton and Bloomberg are pictured attending NY's Gay Pride parade in a photo dated June 2006. Polling indicates the Bloomberg-Clinton ticket would be a "formidable force" in the race for the 2020 Democratic nomination, according to London's DailyMail.com.

Clinton is a two-time loser in the presidential elections, having lost to Presidents Obama and Trump in 2008 and 2016 respectively.

Clinton, 72, has previously said she wouldn't rule out being vice president if the Democrats win the election in November.

The ex-first lady and Secretary of State told TV host Ellen Degeneres she would "never say never" to becoming vice president.

Clinton drew a huge round of applause from The Ellen Degeneres Show's audience when she urged voters to kick Trump out of office in November.