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Bloomberg says he would sell the company or assets are in blind trust if he is elected

nearvideo-Bloomberg speaks at the UN climate change conference in Madrid

Great display, Bloomberg deserves credit to buy in the polls; Peter Doocy reports.

MONTGOMERY, Ala. — Democratic presidential candidate and multi-billionaire business and media mogul Mike Bloomberg promised to sell Monday from his company – or sell – if he wins the White house.

“I want to trust the company in accordance with or sell it immediately,” Bloomberg said on Monday, while answering a question from Fox News after a campaign event in Alabama. “It would be absolutely wrong for me, that company, when I’m the President, and that will not be the case. Clearly.”

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The Bloomberg media company, has dollars an estimated valuation of 50 billion US and $generated 9.6 billion sales in financial year 2017, according to Forbes. As its founder, he owns 88 percent of the company and has estimated a personal fortune of $47 billion.

The 77-year-old Bloomberg, a former three-term New York City mayor – flirted first with a 2020 White house run late last year.

In an interview with Radio Iowa a year ago, Bloomberg said, when he ran for President, he would either sell the Bloomberg media, or place it in a blind trust. A blind trust is a financial arrangement through which a person can control, but not ownership, of the business management to an independent trust Fund in order to avoid conflicts of interest.

“But I think, at my age, if the sale, it is possible, I would do it,” he said at the time. “At some point you’re going to die anyway, so you want to do it before then.”

In March, the former Vice-President Joe Biden is gearing up for a presidential run, Bloomberg decided against a campaign because he felt that he and the former Vice President would split the center-left Democratic vote.

But at the end of last month — with Biden against other top-tier contenders Sens. Bernie Sanders of Vermont and Elizabeth Warren in Massachusetts and in South Bend, Indiana, mayor Pete Buttigieg jumped — Bloomberg in the race. He said that he was concerned none of the current candidates for President of the Trump in the next year, defeat is a choice.

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To hold days before his inauguration in January 2017, then President-elect Donald Trump a stage in New York, surrounded by a team of lawyers and stacks of manila envelopes and a jury, mounted his many companies, separate from his presidency. But the trumps have the criticism in the following three years, that he did not live up to its promise. And he is on the various probes by the Democratically-controlled house of representatives, if his family-run company, benefit from his presidency.

Democratic presidential candidate and former NYC mayor Mike Bloomberg is holding a campaign event in Montgomery, Alabama. Dec. 30, 2019. (Fox News).

Bloomberg was in Montgomery, the roll-out of a maternal health policy after the meeting behind closed doors with experts in the field. In his remarks, Bloomberg and his rivals criticized the democratic presidential nomination for the don’t come to the South to talk about topics such as the health of mothers.

“A candidate, the President, makes the crisis worse. But my fellow Democrats are not Miss a lot of time here, or in places such as Jackson,., where I have said a lot of time in the South,” Bloomberg.

Due to its late entry into the 2020 race, Bloomberg, the early primary and caucus skip output States of Iowa, New Hampshire, Nevada and South Carolina voting and instead focuses on the delegate-rich States, the contests on Super-Tuesday and beyond. Alabama holds its primary Super Tuesday.

Bloomberg has already spent more than $100 million of his own money to campaign ads.

FOX Business, ” Charlie Gasparino and Brittany De Lea contributed to this story

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