MICHAEL BLOOMBERG – Biography, Age, Family, Net-worth & Businesses
MICHAEL BLOOMBERG – Biography, Age, Family, Net-worth & Businesses
WHO IS MICHAEL BLOOMBERG?
Michael Bloomberg is an American businessman who has served as Mayor of New York City for three terms, starting in 2001. Bloomberg L.P., a global financial data and media firm in which he owns 88 per cent of the stock, was founded by him. He is not only one of the world’s wealthiest people but also a well-known philanthropist. Bloomberg, a Harvard Business School graduate, was known from an early age for his brilliance and dedication.
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He began his career at the financial bank Salomon Brothers as an entry-level employee and ascended through the ranks to become a partner within 15 years. When Salomon was laid off as a result of another firm’s acquisition, he founded Innovative Market Systems, a financial data service firm that subsequently became Bloomberg LP.
The business was a huge success, and it grew into a multibillion-dollar global data and media conglomerate over time. He was politically active from an early age, and in 2001 he campaigned for Mayor of New York City on the Republican Party platform and won.
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He was a popular mayor who was re-elected in 2005 and 2009. Bloomberg has always believed in giving back to society and is well-known for his philanthropy.
MICHAEL BLOOMBERG – Biography, Age, Family, Net-worth & Businesses
BIOGRAPHY
Michael Bloomberg was born into a Jewish family in Boston on February 14, 1942. William Henry Bloomberg, his father, was a real estate agent.
He went on to Johns Hopkins University to study engineering and earned a Bachelor of Science degree in electrical engineering in 1964.
In 1966, he received his Master of Business Administration from Harvard Business School.
MICHAEL BLOOMBERG – Biography, Age, Family, Net-worth & Businesses
He started his career with the brokerage firm Salomon Brothers before starting his own firm in 1981. Bloomberg L.P., financial information, software, and media corporation best known for its Bloomberg Terminal, is that company. Bloomberg served as the company’s chairman and CEO for the next two decades. Forbes listed him as the sixteenth-richest person in the world in March 2022, with an estimated net worth of US$70 billion, and 14th in the Forbes 400, with a net value of $55 billion. Bloomberg has donated $8.2 billion to charitable charities since signing The Giving Pledge.
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Bloomberg was chosen as the city’s 108th mayor and the city’s third Jewish mayor. He was first elected in 2001 and served three terms in a row, winning re-election in 2005 and 2009. Bloomberg created a technocratic management style while pursuing socially liberal and economically moderate ideas.
WIKI – BIODATA
| Real Name |
Michael Rubens Bloomberg |
| Profession |
Politician, Entrepreneur, Philanthropist, and Author. |
| Famous For |
Being the Mayor of New York City (2002-2013) and Founder of Bloomberg L. P. and Bloomberg Philanthropies |
| Physical Status |
| Age |
80 years old |
| Height |
- In centimeters- 170 cm
- |In Feet Inches-5 ft 7 in
|
| Weight |
- In Kilograms- 76 kg
- In Pounds- 167 lbs
|
| Eye Colour |
Blue |
| Hair Colour |
Greyish- White |
|
|
| Personal Information |
| Date of Birth |
February 14, 1942 |
| Religion |
Judaism. |
| Birth Place |
Brighton, Massachusetts, United States. |
| Zodiac sign |
Aquarius. |
| Nationality |
American. |
| School Name |
Local High School. |
| College Name |
Johns Hopkins University, Harvard Business School. |
| Qualifications |
Johns Hopkins University (BS), Harvard Business School(MBA). |
| Family Profile |
| Father Name |
William Henry Bloomberg |
| Mother Name |
Charlotte Bloomberg |
| Siblings |
Marjorie Tiven. |
| Children |
Georgina Bloomberg and Emma Bloomberg. |
| Relationships/Affairs |
- Susan Brown (m. 1975 – div. 1993).
- Diana Taylor (2000- present).
|
| Career |
| Source Of Income |
Bloomberg L.P., Salomon Brothers, Politics, 1130 WBBR AM, and much more. |
| Appeared In |
NIL |
| Net Worth, Salary |
$82 Billion |
| Hobbies |
Reading. |
FAMILY, MARRIAGE, AND PERSONAL LIFE
The 77-year-old entrepreneur began his relationship with his ex-wife “Susan Elizabeth Barbara Brown.” In 1975, the pair married in a private ceremony. Susan is a British citizen from Yorkshire, England.
Michael and his wife received their first daughter, “Emma Bloomberg,” in 1979. “Christopher Frissora” is her husband. He is the son of Mark Frissora, a millionaire businessman.
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“Georgina Bloomberg” was born on January 20, 1983. She is a philanthropist as well as a professional equestrian. Georgina is the owner of the New York Empire equestrian team.
Brown and Rubens split on cordial terms. He started dating his girlfriend “Diana Taylor” in 2000. She was the former New York State Bank, Superintendent.
CHILDREN
Bloomberg was married to Susan Brown from 1975 to 1993, and following their divorce, the two remained close friends. Georgina and Emma were their two daughters together.
MICHAEL BLOOMBERG – Biography, Age, Family, Net-worth & Businesses
CAREER
He obtained an entry-level employment at Salomon Brothers, a Wall Street financial bank, after graduating in 1966. He worked hard for the next few years and steadily advanced through the ranks.
In 1973, he joined Salomon Brothers as a general partner. When Phibro Corporation bought the bank in 1981, Bloomberg was laid off and handed a $10 million severance payment.
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He went on to found Innovative Market Systems, a financial-data service firm, in 1982 with the money from his severance payment and served as its CEO. Merrill Lynch, Bank of America’s wealth management business, became his company’s first customer.
In 1987, the company was renamed Bloomberg L.P. after proving to be a success. Bloomberg News, Bloomberg Message, and Bloomberg Tradebook are some of the supplementary products it has released throughout the years. Bloomberg finally stepped down as CEO to pursue a career in politics.
Bloomberg, a lifelong Democratic Party member, decided to run for Mayor of New York City on the Republican Party platform in 2001. He spent millions of dollars from his personal money on his mayoral campaign. On January 1, 2002, he won the election and became the 108th Mayor of New York City.
Then in 2005, he ran for a second term and spent about $78 million on his campaign, breaking his previous high of $74 million in the previous election. In November 2005, he was re-elected mayor by a 20 percent margin, the largest margin ever for a Republican mayor of New York. And in 2009, he was re-elected to the position.
Mayors Against Illegal Guns, a partnership that pushes for gun regulation, was founded by Bloomberg and Boston Mayor Thomas Menino in April 2006. When the association was founded, there were 15 mayors; by the end of 2014, there were 855 mayors.
He is a progressive who is socially liberal. He favors abortion rights, same-sex marriage, and legal immigration. Bloomberg is a conservative on economic and foreign policy matters, favoring free trade and supporting government intervention in issues such as public welfare.
MICHAEL BLOOMBERG – Biography, Age, Family, Net-worth & Businesses
Also, he put a major emphasis on public health and welfare as mayor. HIV, diabetes, and hypertension were given major priority, and he created a pilot program that permits females over 14 to receive Plan B emergency contraception without parental approval.
In 2013, his third term as Mayor of New York City came to a close. Bloomberg was designated Special Envoy for Cities and Climate Change by United Nations Secretary-General Ban Ki-moon in January 2014. At the end of 2014, Bloomberg reclaimed his role as CEO of Bloomberg L.P.
MICHAEL BLOOMBERG INVESTMENTS & BUSINESSES TILL DATE
When Salomon Brothers was purchased in 1981, Bloomberg formed his own company, Bloomberg L.P., based on a financial information computer that revolutionized the storage and consumption of securities data.
The company was tremendously successful, and it rapidly expanded into the media industry, having over 100 offices across the world. Bloomberg, one of the world’s wealthiest individuals, has chosen to focus his efforts on charity, with a focus on education, medical research, and the arts.
Bloomberg Philanthropies, which covers all of his charity endeavors and focuses on five areas: the environment, public health, the arts, government innovation, and education, was founded by an individual who is passionate about giving back to society. Bloomberg has promised to give away the majority of his fortune.
NET WORTH
Michael Bloomberg’s overall net worth is believed to be 82 billion dollars. Bloomberg LP, a financial information and media corporation, was founded by Michael Bloomberg in 1981. He invested the company’s startup money and currently owns 88 percent of the corporation, which has revenues of more than $10 billion.
In 1966, Bloomberg began his career on Wall Street as an entry-level employee at investment bank Salomon Brothers. After 15 years, he was sacked. He is a major philanthropist who has given more than $5 billion to issues such as gun control and climate warming.
He declared a presidential run in November 2019 (but dropped out in March 2020) and spent hundreds of millions of dollars to unseat Donald Trump in 2020.
Bloomberg is one of just four people in history to have served as mayor of New York City for 12 years.
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