Robert Johnson said that the president's ability to 'dominate the news cycle' gives him an advantage.
The media mogul, who has an estimated net worth of $550 to $600 million, also cautioned in his interview with CNBC that none of the Democratic candidates were"enough in the center." He suggested this would cause them problems with African American voters.
"It means that I'm going to speak my mind, speak in an independent way based on the facts and not try to get caught up in the politics," he said.
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