Mike Bloomberg would sell the financial data and media company he created in the 1980s — which bears his name and made him a multibillionaire — if he is elected U.S. president, a top adviser said Tuesday. Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company
1 / 2Election 2020 BloombergDemocratic presidential candidate and former New York City Mayor Michael Bloomberg speaks during a campaign rally at the Buffalo Soldier Museum in Houston, Thursday, Feb. 13, 2020. Houston Mayor Sylvester Turner stands at right. SACRAMENTO, Calif. — Mike Bloomberg would sell the financial data and media company he created in the 1980s — which bears his name and made him a multibillionaire — if he is elected U.S. president, a top adviser said Tuesday.
“We want to be 180 degrees apart from Donald Trump around financial conflicts of interest,” O'Brien told The Associated Press. “We think it's one of the biggest stains on the presidency, and Trump's record is his refusal to disengage himself in his own financial interests. And we want to be very transparent and clean and clear with voters about where Mike is on these things.”
O'Brien's comment comes amid increasing scrutiny of Bloomberg's wealth and business holdings from his rivals for the Democratic presidential nomination. He'll face them on the debate stage for the first time on Wednesday in Las Vegas. He said it would be smart for every candidate to set up meetings with the office now to begin discussing potential conflicts of interest.
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