Washington (CNN) One of President Donald Trump's close friends and the former chairman of his inaugural committee thinks Michael Bloomberg "would be an amazing president."

"I like Mike Bloomberg. I know him, I think he would be an amazing president. He was an amazing mayor," Tom Barrack told CNBC on Monday. "He's run a first-class business, he's smart, he's thoughtful, he's considerate, he's done it all before, and he doesn't need anything."

Barrack, who also said that Trump "has done a great job," highlighted Bloomberg's ability to self-fund his campaign -- the Democratic candidate already has spent more than $200 million of his vast fortune -- as reason to take his candidacy seriously.

"Nobody should count him out of the race. Strong, thoughtful, considerate, powerful, experienced -- a long shot for sure in Democratic circles, but as the other candidates start to winnow out, you never can tell what happens," he told CNBC.

Barrack, who also called former Vice President Joe Biden a "class act" and "a super man," signaled that he thinks Trump's reelection outlook is far from certain, positing that "anything could happen" in the months ahead.

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