Bloomberg's 'Business Sacrifice' Grabs Attention in 2020 US Presidential Campaign

The multibillionaire US 2020 presidential candidate from the Democratic party Michael Bloomberg would sell his software company 'Bloomberg' that was founded in 1981 if he gets elected in the 2020 presidential election, a top advisory of Michael said as per SCMP. 

Reportedly advisor Tim O'Brien had said that Bloomberg would put Bloomberg LP into a blind trust and the trustee would then sell the company. The Bloomberg philanthropies would get the benefits of the proceeds from the sale.

As per O'Brien's statements, Bloomberg's only restriction would be not to sell the company to a foreign buyer of a private equity company. 

“We want to be 180 degrees apart from Donald Trump around financial conflicts of interest. 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 was quoted as saying by the report.

Michael Bloomberg ventured into the presidential race in November 2019 and is gaining a steady growth in national polls as reported by SCMP. With US$400 million afloat and an estimated US$60 billion, Mike is completely self-funding his campaign.

In fact, Bloomberg's 'Business Sacrifice' talk to sell the company in the 2020 presidential campaign comes as the contrast to Republican Trump who refused to fully divest from his busines. Trump had been putting his assets in a trust controlled by his two adult sons and a senior company executive. He has continued to make money from his properties.