Democratic 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.
Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O’Brien said. 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. Indeed, as one of the world’s wealthiest people, Bloomberg would have an extraordinarily complicated financial picture to untangle if he wins the presidency. His commitment to selling the company stands in stark contrast to the Republican Trump, who refused to fully divest from his business, instead 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.
Bloomberg created his own company in 1981, after he was fired from the investment bank Salomon Brothers with a $10 million severance payment. His new venture created the Bloomberg Terminal, a dedicated computer with proprietary software that allowed Wall Street traders, buyers and sellers to see financial transaction data in real time. The terminal quickly became a must-have product around the financial world and has been used by entities including the World Bank and the Federal Reserve Bank.
Why wait ? Sell it now 🤷♀️
X
To Facebook?
We've heard that lie before....
Heard that before!!! It’s impossible to separate rich people from their money!!! Won’t happen!!!
No oligarchy Bernie2020
Lmao Bloomberg fake news up for sale.
How strange. He is buying his way through the party of the people. Very suspect.
Haven’t we seen this movie?
No worries about that.
Let's analyze this. He is already a billionaire and if he sells his empire he will sell it for billions. Even if he gives it away he has money to last 1000 lavished lifetimes. Why is this supposed to impress anyone?
Lie.
I'm sure he would,the question is would it be China or Iran that's buying?
I’ll believe it when I see it! Where are his taxes? He hasn’t even released any personal financial data yet...only if he gets nomination...BIDEN RELEASED 20 yrs already!! Biden2020
It's okay, he won't have to worry about doing that 😂
Why? Keep it. No law that says you must.
_Politics Not to worry Mike, its not happening.
That's some slogan
detroithrbarbie Doesn’t have too. Stop w the lies Michael. You’d realize the trumpster kept everything in his n his families names, then held a parade in every city 3-4 week to brag about how much they’re making off the SS and tax payers. So you just do Michael and dont worry about selling.
a
Sell it to the Bidens
A bunch of haters don't like a real billionaire. Someone who isn't owned by Russia
Maybe to China?
Which family member would he “sell” to 😂
Why not? Trump has been raking in millions off of his presidency.
Would be a great acquisition for Warren Buffett and $BRK.A
Why would he? It's now precedent that you not only don't have to divest, you can use your business for official duties.
Who gives a shit. Give the mini-man his box already. Maybe he'll shut up finally.
I'd vote for Putin before I'd vote for Bloomberg.
Could he survive on the proceeds from that sale and his salary as a public servant?
Selling that off would make him what? A multi-multibillionaire?
Should that even be a question? Lol
Bloomberg should not be running. He’s not a good candidate.
“Sell them” and then buy “new” companies with “similar” products. Or sell them to family members or to a trust he continues to control. Easy!
If that's true, Mike really wants to run for the better USA, unlike Trump for better his pocket!:-)
This sounds familiar...
This would be a good time to do it anyway.
President Bloomberg on 21 Jan 2021
He has no choice you LIBERAL hacks
LOL- that isn't his choice, actually- but yeah ok- Mike is a giver......
jennablan Convenient as it would likely be a tax free liquidity event.
Democrats really pushing this guy to the front because nobody wants to elect Joe... it's like the dems want their own Trump in office
He shouldn't have to. I mean the orange one didn't have to.
Bloomberg, Steyer, Bezos Soros all detest Fat Donny Chump the Banktrumping draft dodging Molesting Pervert Criminal Boy. How much will these 4 spend beating this Beast ? That does not count the rest of The Democratic Party. GOPutin Party will be outspent by $ Billions .
Now I wonder how much a newly-elected President could get for his company. And who would buy it? Hmmm
jennablan Tax free
Bloomberg who? 🤣😂
Yeah right. No one cares, no one likes Bloomberg. He can say whatever he wants now, we know what he has said in the past. I hope he spends all his money trying to beat Trump, it wont work. Big fail is coming for Bloomberg. Trump2020LandslideVictory
Wasn't he already pretty much out? Basically a figure head.
Why? Republicans don’t mind if he makes Billions off of his position just like Trump. Hell he could leverage both to crush Republicans and really any opposition going forward. I say he keeps it. SaidNoOneEver
Anybody but the current Toddler in Chief has my vote.
Option 2. Have daughters look over the companies. And never speak to them again while in office.
Bloomberg is waiting our time.
A fool and their money is soon parted.
it’s good to know that he would enrich himself one last time. such a noble sword to fall on after exhausting so many resources on attempting to buy a presidency.
Uh huh. Sure he would.
Bloomberg is 82. He can’t take it with when he dies. If he makes it to November
Who even knows this guy outside of nyc ?
He will. To a pal that will sell it right back to him at the end.
Who cares? Trump rewrote the rules, why can't Bloomberg abide by them?
My opinion on bloomberg is that he would abuse his power just like trump does. We've already seen what he's done as mayor.
Heard that bullshit before
I’ll bet you he won’t.
Yeah, we heard that before.
Would he tho? Because it's working out so well so far with this guy....
So saith the emperor king.
No thanks stay in New York....
Makes you wonder what he wants the job so bad for
Ive heard that before.....
Electing self-entitled MikeBloomberg with negative attributes as numerous as those of realDonaldTrump will confirm America's slide into oligarchy and the DNC as just another establishment tool; defender of justice and democracy it will not be!
Where have I heard that before....
Money for votes is supposed to be illegal, yet he is publicly doing this with no repercussions
Sure
He ain't winning shit soooo don't worry about it.
Yeah, we've all heard that before...
So he won’t be selling
I don't connect with Bloomberg in anyway. Maybe I'm misjudging the situation, but he doesn't seem to connect well with the working class. He hasn't won my vote or my confidence.
Well, with 68 billion he already has enough money to buy all the politicians anyway. v0v
um the last guy said that. Fool me once....
I don't think anybody who could run that empire can afford it.
Didnt the last billionaire that became president say the something
Lot more than trump did when he was elected. Go Mike!
A lot of non New Yorkers comparing DonTheCon to Bloomberg. As a NY resident for over 40 years let me enlighten you. DonTheCon was never a billionaire and has heavy debt and needed the money. Bloomberg has over 60 Billion and great great great great grand kids are set
but earlier he said he would do it as soon as he entered the race
“Mike for Black America”
We can no longer say he doesn’t have a sense of humor.
trump can buy it
More than Trump did.
Where have I heard something like this before?
He doesn't have to. Trump didn't.
Unlike trump, following the law.
I’d like to hear him say he will donate his wage as President to housing projects in NYC
He will keep the company forever then. 😆
Bloomberg is not “surging”, he’s trying to buy the presidency. Bernie2020
🤔 where have I heard that before?
That sounds familiar 🙄
Of course he would, and he’d get a 100% personal tax holiday for it since it’s a “forced sale” for entering government. Hank Paulson avoided $100M or so in taxes when he sold Goldman interests prior to becoming Treasury Secretary. Using a ballpark 15% cap gains tax on $63Bn = WOW
Who cares, you aren't getting elected. No more swamp creatures in the WH please.
Yeah.... we’re gonna need to hear that directly from him.
But until then, they'll continue to pummel his opponents and refuse to do any honest vetting of Mini-Mike.
If Trump doesn't have to divest from his businesses, we may as well get rid of the emoluments clause.
Sure once used to be powerful he doesn’t need it. This is the same guy who bought the city council for a third term even though there were term limits. This guy makes trump look like a choirboy
How is he using it to his advantage right now?
“Mike for Black America” is about the most ironic thing I have ever seen on a campaign poster.
Like tRump promised? I don't believe him!
He would absolutely never do that.
And be an even bigger billionaire
That’s what u are supposed to do and not make money of it like trump
I wouldn't put up a For Sale sign just yet, you have a long way to go Bloomberg2020 DNC DNCRigging ForSale
Imagine giving the only power you have left to the billionaires.
Very interesting 🤔
HE'S ALL READY IN TROUBLE USED HIS BIG BUCKS. HE CAN'T DO THAT.
who has the money to buy it?
no worries he wont have to
Scammer
But until then will use the media company as another DNC propaganda outlet.
And President Trump will show his taxes if he’s elected. 👍 Clearly another Billionaire for the working people.
Sure he would. Believe this and that guy will sell you a bridge to go with his bs🙄
how many billionaires have been president answer-zero so why the hell are people up in arms about having the first billionaire prez
But he won’t... be elected.
Sure thing, This guy is just Berlusconi, Bunga Bunga parties included.
I don’t think he should have to.
Wow! What a un-corrupt move! Very respectful!
He will just use his publication to get him there 😂
Just like Trump did. OK.
Stop me if you think you’ve heard this one before, but...
Wow AP. How very Zuckerberg of you to spread misinformation.
No he wouldn’t.
He’d give it to his friends, the Commie Chinese
Nobody cares. ignorebloomberg
Sure he would...
Sell to China state own media to make propaganda war against America.
He better keep his day job 😂
_Politics cc waltshaub 🤔
Fuck this guy. He’s GOP all the way.
Where have we heard this promise before? 🤔
He has no respect for the country or the voters. Billionaires like him that try to buy elections make me sick.
_Politics He pronounces his name 'blumberg'. America won't stand for that
I will never trust another rich, old man from NY to be President. VanityCandidate
_Politics Y'all realize he's already a billionaire, throw 500 more billion dollars on top of that and why would he ever work again
I wouldn’t get the permit for the garage sale just yet...
Oddly familiar sounding. Just NO. NO BUYING ELECTIONS ASSHOLES.
Don't worry...I doubt the socialist party will even nominate him.
Yeah, where have we heard that before? I'm calling bullsht in advance.
Why? Trump set the precedent that essentially you don't have to.
Imma call BS on that one.
There's not a lot of difference between Mike and Don except Don is on our side.
Easy for him to say that, He knows he will not be elected
lol - yeah, right
😂😂😂😂😂😂😂
Wow
cool it
Trump washed his hands of all business dealings and let his kids run them without interference from him. and Mexico is paying for the wall
False claims
Doesn’t he have an incompetent son to run it?
I mean he’s worth $60 billion. It’s not like this would hurt him lol.
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