Billionaire and owner of Bloomberg TV, Mike Bloomberg, has
announced he plans to sell off his $60 billion media company if he gets the
Democratic party nomination for the presidential elections and beats President
Trump.
According to a campaign statement made Wednesday hours
before he enters his first democratic party presidential debate after spending
multi-millions on adverts and media campaigns, Bloomberg would sell the media
empire he spent decades building if he wins, a good move seeing that Democrats
have accused Trump of maintaining and profiting off his real estate empire as
president.
The campaign said Mr. Bloomberg would first put the company
in a blind trust and eventually sell. Analysts have estimated the company could
sell for as much as $60 billion or even more. Proceeds from the sale would go
to Bloomberg Philanthropies, the charitable giving arm that funds causes from
climate change to public health and grants for American cities according to
Bloomberg 2020 campaign adviser Tim O’Brien .
“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.”
Trump reacted to the news on Wednesday, tweeting; 'Is
corrupt Bloomberg News going to say what a pathetic debater Mini Mike is, that
he doesn't respect our great farmers, or that he has violated campaign finance
laws at the highest and most sinister level with "payoffs" all over
the place?' Trump asked.
