Bloomberg campaign says he'll sell his company if elected president
If Mike Bloomberg is elected president this November, he would sell his financial information business, a campaign official told NBC News on Tuesday.
Bloomberg, a 2020 Democratic presidential candidate and the former Republican mayor of New York, founded Bloomberg L.P. in 1981; the company has an estimated annual revenue of roughly $10 billion, and could be worth $40 billion, CNBC reports. The official said Bloomberg L.P. would be put into a blind trust for "eventual sale," but did not give an estimated timeline. Because the company would be in a blind trust, Bloomberg would have "no involvement" in its sale. Bloomberg L.P. employs an estimated 20,000 people.
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