Democratic presidential contender Michael Bloomberg will sell Bloomberg LP, the ...
FILE PHOTO: Democratic presidential candidate Michael Bloomberg attends a campaign event at Buffalo Soldiers national museum in Houston, Texas, U.S. February 13, 2020. REUTERS/Go Nakamura/File Photo
WASHINGTON - Democratic presidential contender Michael Bloomberg will sell Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November, his campaign confirmed on Tuesday. Bloomberg has risen quickly in opinion polls since entering the race for the Democratic nomination in November and he will appear in his first debate of the election cycle on Wednesday in Las Vegas. Democrats are vying for the right to challenge Republican President Donald Trump in the Nov. 3 election.
The former New York mayor has said before he would likely sell Bloomberg LP if elected, which his campaign affirmed on Tuesday.Bloomberg LP provides financial information to Wall Street firms in addition to news. It is privately held, with Bloomberg himself owning most of the company, which he founded in 1981. Analysts at Burton-Taylor International Consulting estimate the firm generated over $10 billion in revenue in 2019.
Bloomberg is not competing in the early voting states of the Democratic nomination process and instead hopes to start winning votes when 14 states vote on March 3 in the Super Tuesday contests.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Bloomberg Will Sell Bloomberg LP If Elected PresidentMichael Bloomberg would put his financial-data and media company in a blind trust and eventually sell it, a campaign spokeswoman said.
Read more »
Campaign Adviser Says Mike Bloomberg Will Sell His Company If Elected PresidentAn adviser to Michael Bloomberg’s 2020 presidential campaign says that the billionaire will sell his media and information company if he is elected president
Read more »
Bloomberg would sell company if elected, campaign saysMike Bloomberg says he would put his namesake financial information company into a blind trust and then sell it if elected president, a campaign official tells NBCNews
Read more »
Bloomberg would sell business interests if elected presidentMike 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
Read more »
Bloomberg would sell business interests if elected presidentMike 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.
Read more »
Bloomberg would sell business interests if elected presidentSACRAMENTO, Calif. (AP) — 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....
Read more »