He is removing himself from business dealings, not ownership. Also will just handoff everything to his children, and still have backdoor access to his companies. He isn't letting go of his businesses at all. Notice he says it's "visually important" that there be no conflict of interest.
Visually. not morally, or ethically. He is just making it look like he isn't involved, but he will be.
Visually. not morally, or ethically. He is just making it look like he isn't involved, but he will be.