Bloomberg if Elected Would Sell Company or Put Assets in Blind Trust

Democratic Presidential Candidate Mike Bloomberg Pledged to Divest from his Company, or Sell it Off, if he Wins the White House.

“I will put the company in blind trust or sell it off right away,” Bloomberg said Monday while Answering a question from Fox News following a Campaign Event in Alabama. “It would be absolutely wrong for me to have that company while I'm president and that will not be the case, Unequivocally.”

The Bloomberg Media Company has an Estimated Valuation of $50 Billion and Generated $9.6 Billion in Revenue in Fiscal 2017, according to Forbes.

As its Founder, he owns 88% of the Company and has a Personal Net Worth estimated around $47 Billion.

The 77-year-old Bloomberg, the Former Three-Term New York City Mayor, first flirted with a 2020 White House Run late last year.

During an Interview with Radio Iowa a year ago, Bloomberg said if he Ran for President, he would either Sell the Bloomberg Media Company or place it in a Blind Trust. A Blind Trust is a Financial Arrangement by which a Person cedes Control, but not Ownership, of Business Management to an Independent Trust to Avoid Conflicts of Interest, something Trump Did Not do.

“But I think at my age, if selling it is possible, I would do that,” he said at the time. “At some point, you’re going to die anyway, so you want to do it before then.”

Bloomberg was in Montgomery, Alabama, to Roll Out a Maternal-Health Policy after Meeting behind Closed Doors with Experts in the Field. In his Remarks, Bloomberg Criticized his Rivals for the Democratic Presidential Nomination for Not coming down to the South to Talk about Issues like Maternal Health.

“One candidate, the president, is making the crisis worse. But even my fellow Democrats are not spending time here or in places like Jackson, Miss., where I have been spending time across the south,” Bloomberg said.

Due to his Late Entry into the 2020 Race, Bloomberg’s Skipping the Early Primary and Caucus Voting States of Iowa, New Hampshire, Nevada, and South Carolina, and instead is Concentrating on the Delegate-Rich States that Hold Contests on Super Tuesday and beyond.

The 2020 Democratic Party Presidential Primaries and Caucuses will Select the approximately 3,979 Pledged Delegates to the Democratic National Convention.

Super Tuesday will be on March 3rd, 2020 in: Alabama, Arkansas, California, Colorado, Democrats Abroad, Maine, Massachusetts, Minnesota, North Carolina, Oklahoma, Tennessee, Texas, Utah, Vermont, and Virginia, representing 773 Pledged Delegates and 146 Superdelegates.










NYC Wins When Everyone Can Vote! Michael H. Drucker