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Michael Bloomberg

Michael Bloomberg

M. Bloomberg
4.55% | + $4.76B
$109.42 B ₹ 9.95 Lk Cr
Real Time Net Worth #17 Ranking as of 21 Feb 2026 By Forbes

More on Michael Bloomberg

Gender

Male

Age

84Y

Country

United States

Born On

February, 1942

Deceased

No

Relationship Status

Divorced

Children

2

Education

Johns Hopkins University - BS In Electrical Engineering

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Financial Media)

Primary Organization

Bloomberg L.P.

Titles

Co-Founder

Sources of Wealth

Bloomberg L.P.

Industry

Finance, Media, Technology, Politics, Philanthropy

About Michael Bloomberg


M ichael Bloomberg is an American businessman, politician, and philanthropist who co-founded the financial information and media giant, Bloomberg L.P. After being fired from his job as a partner at the investment bank Salomon Brothers in 1981, he used his severance package to start his own company. He developed an innovative computer terminal, the Bloomberg Terminal, that provided real-time market data, financial calculations, and analytics to Wall Street firms, a service that revolutionized the financial industry.

He built Bloomberg L.P. into a global behemoth, with its terminals becoming an indispensable tool for financial professionals worldwide. The company later expanded into a major media enterprise with Bloomberg News, television, and radio. After building his business empire, Bloomberg entered politics, serving three consecutive terms as the mayor of New York City from 2002 to 2013. He is one of the world's most prominent philanthropists, having given away billions of dollars to causes including public health, climate change, and gun control, and is a signatory of the Giving Pledge.

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Quick Reads


  • Co-founder and majority owner of the financial information and media company Bloomberg L.P.
  • Served three terms as the Mayor of New York City (2002-2013).
  • His company's iconic product is the Bloomberg Terminal.
  • One of the world's biggest philanthropists, having signed the Giving Pledge.
  • He ran for the Democratic nomination for President of the United States in 2020.

Early Life and Background


Michael 'Mike' Rubens Bloomberg is an American businessman, the self-made billionaire Founder, Owner, and Executive of Bloomberg L.P., the global financial information and media giant, and former Mayor of New York City. Born in Boston, Massachusetts, in 1942, his career is rooted in engineering, finance, and public service.

Bloomberg holds a B.S. in Electrical Engineering from Johns Hopkins University (1964) and an MBA from Harvard Business School (1966). His philosophical commitment centers on data-driven decision-making, technological efficiency, and high-impact philanthropy (focusing on climate change and public health).

  • Bloomberg L.P. (Founder, Owner & Executive): The core private asset, the global leader in financial data terminals, news, and media (generating over $13 billion in annual revenue).
  • Political Role: He served three terms as the 108th Mayor of New York City (2002–2013).
  • M&A Apex: He was a Partner at Salomon Brothers before founding his company (leaving with a $10 million severance after the firm was acquired).
  • Philanthropy: He is a Giving Pledge signatory and has committed over $14 billion to climate change, public health, and gun control (via Bloomberg Philanthropies).

Career Journey of Michael Bloomberg


Michael Bloomberg's strategic genius was his unwavering belief in the value of real-time, curated financial data. After being forced out of Salomon Brothers with a $10 million severance in 1981, he founded Innovative Market Systems (later Bloomberg L.P.), launching the Bloomberg Terminal—a structural innovation that transformed Wall Street trading.

His structural contribution is immense: pioneering the specialized financial data market and providing transformative political leadership (serving three terms as NYC Mayor). He returned to lead Bloomberg L.P. in 2014 after his mayoralty ended. His wealth is secured by the colossal, long-term, stable profitability of Bloomberg L.P. (which he owns 88 percent of).

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Michael Bloomberg's Timeline


1978:

Leaves Salomon Brothers with $10 million severance (Pivotal Event).

1981:

Founds Innovative Market Systems (later Bloomberg L.P.) (Founding).

2001 (November):

Elected 108th Mayor of New York City (Political Apex 1).

2013 (December):

Leaves the NYC Mayoralty (Political Transition).

2014:

Returns to lead Bloomberg L.P. (Executive Return).

Ongoing:

Bloomberg Philanthropies commits over $14 billion to global causes (Philanthropic Apex).

Major Business Ventures and Investments


Michael Bloomberg's wealth is concentrated in his controlling ownership of the private financial giant, Bloomberg L.P., and his philanthropic foundation.

  • Bloomberg L.P. (Founder, Owner & Executive): The core private asset, the global leader in financial data terminals, news, and media (generating over $13 billion in annual revenue).
  • Political Role: He served three terms as the 108th Mayor of New York City (2002–2013).
  • M&A Apex: He was a Partner at Salomon Brothers before founding his company (leaving with a $10 million severance after the firm was acquired).
  • Philanthropy: He is a Giving Pledge signatory and has committed over $14 billion to climate change, public health, and gun control (via Bloomberg Philanthropies).

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Philanthropy and Social Impact


Michael Bloomberg is one of the world's largest philanthropists and a Giving Pledge signatory. His structural social impact is tied to his mayoral legacy (in public health, urban planning, and education reform) and the $14 billion+ commitment of Bloomberg Philanthropies (focusing on global public health, gun control, and climate change). His investment in data-driven policy is a major structural contribution to modern governance.

His structural contribution is tied to his belief in technology and data as foundational tools for societal problem-solving.

Fashion, Style, and Lifestyle


Michael Bloomberg maintains the professional, pragmatic style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial and political sectors.

Residing in New York City and Bermuda, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to data governance, political advocacy, and global philanthropy.

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Quotes and Philosophy


“The core of our success is the conviction that data and technology are the keys to solving the world's most complex problems.”

Fun Facts & Trivia


  • He founded Bloomberg L.P. and served three terms as Mayor of New York City.
  • He was forced out of Salomon Brothers with a $10 million severance (which he used to start Bloomberg L.P.).
  • He is a Giving Pledge signatory and has committed over $14 billion to charity.
  • He holds an MBA from Harvard Business School and a degree in Electrical Engineering.
  • He owns 88 percent of Bloomberg L.P..
  • He is a major donor to gun control and climate change initiatives.
  • His wealth is tied to the successful monetization of real-time financial data.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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