Former New York Mayor Michael Bloomberg mocked 2020 Democratic presidential candidates Joe Biden and Beto O'Rourke when explaining why he himself never jumped in the race.

Bloomberg explained at the Bermuda Executive Forum that part of the reason he declined to run for president was that he was too old. "To start a four-year job, maybe an eight-year job at age 79, may not be the smartest thing to do," he suggested.

The Republican-turned-independent-turned-Democratic billionaire also noted that he was too much of a centrist to have any success in the Democratic field, and the only way he would've won the nomination was "to change all my views and go on what CNN called ‘an apology tour.'"

"Joe Biden went out and apologized for being male, over fifty, white," Bloomberg said, to audience laughter.

"He apologized for the one piece of legislation which is actually a pretty good anti-crime bill, which if the liberals ever read it, most of the things they like would be—is in that bill. They should have loved that, but they never even bothered to read it. You're anti-crime, you must be anti-populist," Bloomberg added.

"Beto, whatever his name is, he's apologized for being born," he added to uproarious laughter. "I don't mean to be unkind. A lot of people love him and say he's a smart guy, and someday if he wins I'd certainly support him."