WASHINGTON, DC (WUSA) -- R. Don Peebles has a private plane, owns homes in Florida, DC and the Hamptons and, according to Forbes magazine, is the eighth richest African American in the country, with a net worth of about $350 million.
Now, Don Peebles wants to become the next Mayor of the District of Columbia.
He says he'll run against incumbent Mayor Adrian Fenty if DC Council Chairman Vincent Gray decides not to give up his Council seat to take on the first term Mayor.
Peebles doesn't pull punches when discussing Fenty. He says the Mayor is "petty", fought with the DC Council needlessly and has not been transparent "as he promised he would be."
The 49-year-old DC native just recently moved back to town full time, and he only recently registered to vote here. His two children still attend school in Florida.
But the real estate developer explains that he was born in Freedman's hospital; he's the grandson of a hotel doorman, and he got his start in DC real estate.
Peebles says he'll make a decision by the end of the year. If he runs against Fenty, who has raised more than $3 million, Peebles says he will spend his own money, three to five million, to fund his campaign.
Recent polls show the incumbent is vulnerable with a 43 percent approval rating, but Peebles has never held public office. His own poll gives him a 22 percent rating, which means he would have to campaign early and hard.
Written by Bruce Johnson
9NEWS NOW & wusa9.com