Michael Bloomberg

For other uses, see Bloomberg (disambiguation).

Michael Bloomberg
Bloomberg in 2015
Chair of the Defense Innovation Board
Incumbent
Assumed office
June 22, 2022
Preceded byMark Sirangelo
108th Mayor of New York City
In office
January 1, 2002 – December 31, 2013
DeputyPatricia Harris
Preceded byRudy Giuliani
Succeeded byBill de Blasio
Personal details
Born
Michael Rubens Bloomberg

(1942-02-14) February 14, 1942 (age 82)
Boston, Massachusetts, U.S.
Political partyDemocratic (before 2001, 2018–present)
Other political
affiliations		Republican (2001–2007)
Independent (2007–2018)
Spouse
Susan Brown-Meyer
​
​
(m. 1975; div. 1993)​
Domestic partnerDiana Taylor (2000–present)
Children2, including Georgina
EducationJohns Hopkins University (BS)
Harvard University (MBA)
Occupation
  • Politician
  • philanthropist
  • author
  • businessman
  • stock trader
Signature
WebsiteOfficial website
This article is part of a series about
Michael Bloomberg


Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and politician. He is the majority owner and co-founder of Bloomberg L.P., and was its CEO from 1981 to 2001 and again from 2014 to 2023.[1] He served as the mayor of New York City for three terms from 2002 to 2013 and was a candidate for the 2020 Democratic nomination for president of the United States. In 2024, Bloomberg received the Presidential Medal of Freedom from President Joe Biden.[2][3] He has served as chair of the Defense Innovation Board, an independent advisory board that provides recommendations on artificial intelligence, software, data and digital modernization to the United States Department of Defense, since June 2022.

Bloomberg grew up in Medford, Massachusetts, and graduated from Johns Hopkins University and Harvard Business School. He began his career at the securities brokerage firm Salomon Brothers before forming his own company in 1981. That company, Bloomberg L.P., is a financial information, software and media firm that is known for its Bloomberg Terminal. Bloomberg spent the next twenty years as its chairman and CEO. As of April 2024, Forbes ranked him as the thirteenth-richest person in the world, with an estimated net worth of US$106.2 billion.[4] Bloomberg, who has signed The Giving Pledge, has given away $17.4 billion to philanthropic causes in his lifetime.[5]

Bloomberg was elected the 108th mayor of New York City in 2001. He held office for three consecutive terms, winning re-election in 2005 and 2009. Pursuing socially liberal and fiscally moderate policies, Bloomberg developed a technocratic managerial style.[6]

As the mayor of New York, Bloomberg established public charter schools, rebuilt urban infrastructure, and supported gun control, public health initiatives, and environmental protections. He also led a rezoning of large areas of the city, which facilitated massive and widespread new commercial and residential construction after the September 11 attacks. Bloomberg is considered to have had far-reaching influence on the politics, business sector, and culture of New York City during his three terms as mayor. He has also faced significant criticism for the city's stop and frisk program, support for which he reversed with an apology before his 2020 presidential run.[7]

After a brief stint as a full-time philanthropist, he re-assumed the position of CEO at Bloomberg L.P. by the end of 2014. In November 2019, four months before Super Tuesday, Bloomberg officially launched his campaign for the Democratic nomination for president of the United States in the 2020 election. He ended his campaign in March 2020, after having won only 61 delegates. Bloomberg self-funded $935 million[8] for his candidacy, which set the record for the most expensive U.S. presidential primary campaign.

  1. ^ Mullin, Benjamin (August 21, 2023). "Bloomberg L.P., a Financial Data Giant, Overhauls Its Leadership Ranks". The New York Times. Retrieved October 24, 2023.
  2. ^ "President Biden Announces Recipients of the Presidential Medal of Freedom". The White House. May 3, 2024. Retrieved May 3, 2024.
  3. ^ Baker, Peter (May 3, 2024). "Biden to Honor Prominent Democrats With Presidential Medal of Freedom". The New York Times. ISSN 0362-4331. Retrieved May 3, 2024.
  4. ^ "Forbes Profile: Michael Bloomberg". Forbes. Retrieved April 12, 2024.
  5. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  6. ^ Cooper, Michael (October 1, 2003). "Political Memo; Bloomberg, the Technocrat, Seeks His Inner La Guardia". The New York Times. Retrieved February 25, 2020.
  7. ^ "Bloomberg apologizes for 'stop-and-frisk' police practice". NBC News. November 18, 2019. Retrieved July 24, 2020.
  8. ^ "Form 3P for Mike Bloomberg 2020, Inc". docquery.fec.gov. Retrieved April 1, 2020.