Michael Bloomberg who is Presidential contender of Democratic Party of US has confirmed that he will sell Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November.
Bloomberg has risen quickly in opinion polls since entering the race for the Democratic nomination in November. Democrats are vying for the right to challenge Republican President Donald Trump in the November 3rd election.
The former New York mayor has said before he would likely sell Bloomberg LP if elected, which his campaign affirmed on Tuesday.
"If elected President, Mike will sell the company," spokeswoman Galia Slayen said.
The Bloomberg campaign said the process of selling the company would begin with putting it in a blind trust and then selling it.
