Who is Michael Bloomberg ? What is Michael Bloomberg Net Worth ?

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Who is Michael Bloomberg ?

# Michael Rubens Bloomberg, popularly known as Michael of Mike Bloomberg is an American billionaire businessman and a politician.

# Bloomberg was born on Valentine’s Day in February 14, 1942 in Boston, Massachusetts.

# As of August 2016, Bloomberg is ranked as the 8th richest person in the world as per Forbes Magazine.

# Born to Jewish family with parents William Henry Bloomberg and Charlotte Bloomberg, Michael studied Bachelors of Science in Electrical Engineering from John Hopkins University in 1964 and did his Masters of Business Administration from Harvard University in 1966.

# After graduating from Harvard Business School with an MBA, Bloomberg went to work at Salomon Brothers and made his way up and made a partner in 1973.

# But in 1981, Salomon Brothers was bought and Bloomberg got $10 million severance as a result and he founded Innovative Market Systems with that money.

# In 1987, IMS was renamed as Bloomberg L.P. which specialized in providing market information to leading investment firms and banks.

# Bloomberg also has investment in media including Bloomberg News.

# Bloomberg Tradebook is used by many financial institutions.

# Bloomberg ushered into politics in 2002 and became the 108th mayor of New York in 2002 as a Republican.

# Bloomberg turned Independent and won the second term in November of 2005.

# Bloomberg’s mayoral time had high approval ratings in the polls and he said that he would focus on Public education in his first term and the poverty situation in the second term and did a lot to fulfill that promise.

# Bloomberg increased spending in the public education and also put the administration at the reach of a New Yorker.

# Bloomberg only took $1 annually as his salary as a New York mayor during his times.

# For the first time in 2008, Bloomberg became the first man ti be mayor of New York for 3 terms.

# Bloomberg successfully used the context of the recession and his expertise in finance to gain the 3rd term of mayor, also his $90 million out of his pocket for the campaign.

# On 1st Jan, 2014 Democrat Bill de Blasio became the next mayor.

# Bloomberg has a firm support for right for abortion.

# Bloomberg also supports same sex marriage which is recently made legal in the United States.

# He is also detester of illegal gun ownership. Bloomberg also has firm stance on climate change and has implemented many programs to combat pollution.

# Bloomberg also supports US Patriot Act.

# Many thought that Bloomberg would run as a candidate for the 2008 and 2012 presidential elections but Bloomberg was content as Mayor and did not run.

# In the 2016 presidential elections, Bloomberg had expressed intentions to run as an independent candidate since both Hillary and Trump repelled a specific segment of American Voters but later endorsed Hillary.
As a philanthropist, Bloomberg constantly donates to environmental causes.

# In 2011, he donated $50 million using his Bloomberg Philanthropies to Beyond Coal campaign.

# Using Bloomberg philanthropies, he has donated for many such causes.

# In 2015 UN Climate changes conference, Bloomberg was appointed to lead a global task force to raise awareness of climate change risks.

# Bloomberg supports public health, arts, government reform, environment and education using Bloomberg Philanthropies.

# In 2014, Queen Elizabeth anointed Bloomberg as the Knight Commander of the Order of the British Empire.

# Bloomberg has returned as the CEO of his company after his third term as New York Mayor.

# In 1975, Bloomberg wed Susan Brown and have daughters Emma ad Georgina. They divorced in 1993 and Bloomberg currently lives with Diana Taylor.

What is Michael Bloomberg Net Worth ?

# Bloomberg owns several helicopters and also many houses around the globe. As of August 23, 2016 the net worth of Bloomberg is $49.4 billion.

Quick Facts

  • Birthday: 14 February, 1942 (Age: 74)
  • Birth Name: Michael Rubens Bloomberg
  • Famous As: Michael of Mike Bloomberg
  • Height: 173 cm (5 ft 8)
  • Weight: 64 kg (142 pounds)
  • Eye Color: Grey
  • Hair Color: Hazel
  • Net Worth: $49.4 billion
  • Profession: American billionaire businessman and a politician

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