Looks like the current presidential race is about to turn into the kind of reality show where they throw a new housemate or contestant in once everyone’s gotten comfortable with each other.

According to The New York Times, the state of play in this year’s presidential election has prompted Michael Bloomberg to consider a third-party run (as “Independent”) for the White House.

The billionaire former mayor of New York City has set a deadline for making a final decision by early March, which is apparently the latest point he can enter the race and still qualify to appear as an independent candidate on the ballot in all 50 states. The 73-year-old is willing to spend $1 billion of his own money for the campaign (watch out, Donald Trump) and is allegedly not only concerned with Trump’s rise in popularity, but the unclear advantage of either Hillary Clinton or Senator Bernie Sanders.

Bloomberg has reportedly asked his advisers to draw up plans for a potential independent campaign, which could be unveiled in coming weeks.