Howard Schultz, the former CEO of coffee giant Starbucks, said that he is looking into running against Donald Trump in 2020 as an independent presidential candidate.
"I am seriously thinking of running for president," the 65-year-old billionaire told the CBS news show "60 Minutes" on Sunday.
"We're living at a most fragile time,” Mr Schultz said, stating that Mr Trump "not qualified to be the president."
Under Mr Schultz’s stewardship, Starbucks, founded in 1971, went from a small Seattle coffee chain to the biggest coffee chain in the world, with more than 28,200 locations worldwide. It is also set to open in Malta this year.
Although Mr Schultz describes himself as a "lifelong Democrat", he said he would "run as a centrist independent outside of the two-party system."
He added that Republicans and Democrats "are consistently not doing what's necessary on behalf of the American people and are engaged, every single day, in revenge politics."
"I want to see the American people win. I want to see America win," Mr Schultz told CBS.
However, there are concerns that as an independent candidate, Mr Schultz could split the opposition vote and help Mr Trump win a second term in office.
"I don't think that would be in the best interest of our country,” Texan presidential candidate Julian Castro told CNN.
“It would provide Donald Trump with his best hope of getting re-elected."