11:32 GMT +306 December 2019
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    Former New York City mayor Michael Bloomberg

    Michael Bloomberg: 'Stupidest Thing' Brexit 'Trumped' by US Election

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    Michael Bloomberg, an American billionaire and former mayor of New York City, has lashed out at Brexit, saying he cannot understand "why a country that was doing so well wanted to ruin it." Netizens were quick to react to his words with numerous comments on social media.

    "I did say that I thought it [Brexit] was the stupidest single thing any country has ever done but then we Trumped it," Bloomberg said, referring to the election of Donald Trump as US president.

    During the US presidential campaign, he considered standing as a third-party candidate but ruled it out, arguing that his participation in the race would diminish the Democratic vote and boost Trump’s chances of winning.

    The 75-year-old media mogul made the remarks two weeks ago at a technology conference in Boston, but they were reported only on Tuesday by The Guardian.

    "It is really hard to understand why a country that was doing so well wanted to ruin it," Bloomberg said. "What they are doing is not good and there is no easy ways to get out of it because if they don't pay a penalty, everyone else would drop out. So they won’t get as good of a deal as they had before."

    Brexit is set to take place on March 29, 2019, two years after launching the departure process. London and Brussels have been negotiating conditions for the United Kingdom's exit since June.

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    Some were apprently delighted by his criticism of Brexit and his allegation that Trump's presidency is even worse that the breakup between London and Brussels.

    ​​Other, however, supposed that Bloomberg is not happy with Brexit because it is likely to affect his financial interests.

    Others suggested that the election of Trump and UK's withdrawal from the European Union are a challenge by the people to the power elites and this is the reason behind Bloomberg's comment.

    ​Some just noted that the reaction of Michael Bloomberg means that voting for Brexit was the right choice.

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    Brexit, Michael Bloomberg, United Kingdom, United States
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