Miami Beach mayor enters Florida governor's race

- Democratic Miami Beach Mayor and multi-millionaire businessman Philip Levine is running for Florida governor.

Levine has spent months building up to Wednesday's announcement, putting more than $2.6 million of his own money into a political committee and touring the state talking to Democrats and others.

Levine built his fortune off a marketing company that began with $500 in capital and expanded to provide in-cabin magazines and television content for cruise lines. It had $400 million in annual revenue when he sold it in 2000.

Levine is CEO of a similar company that provides media for Royal Caribbean International.

The 55-year-old Levine was elected Miami Beach mayor in 2013 after spending $2 million of his own money on the race.

Republican Gov. Rick Scott is leaving office due to term limits

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