Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981.
He put in the seed funding for the company and now owns 88% of the business, which has estimated annual revenues of nearly $15 billion.
In 2023, he appointed product head Vlad Kliatchko as CEO of Bloomberg LP and former Bank of England governor Mark Carney as non-executive chair of a new board of directors.
Bloomberg got his start on Wall Street in 1966 with an entry level job at investment bank Salomon Brothers. He was fired 15 years later.
A major philanthropist, he gave away $3.7 billion in 2024 and has donated more than $21.1 billion in his lifetime to gun safety, climate change, education and other causes.
He has committed to donating his stake in Bloomberg LP to Bloomberg Philanthropies when he dies, if not sooner.
Bloomberg served as mayor of New York City for 12 years, from 2002 to 2013, and launched an unsuccessful bid for president in the 2020 race.
Bachelor of Arts/Science, Johns Hopkins University; Master of Business Administration, Harvard Business School
Did you know
In 2024, Bloomberg pledged $1 billion to Johns Hopkins University, his undergraduate alma mater, adding to the more than $3.5 billion he'd already given the school.
As a teenager, Bloomberg worked at an electronics company in Cambridge, Massachusetts.
In Their Own Words
Organizations resist innovation and those that do inevitably fail because people are more comfortable with what they know than with what they don't.
Private tax information about Donald Trump, Elon Musk, Jeff Bezos, Warren Buffett and Michael Bloomberg, among others, was disclosed by a former Booz Allen contractor.
Michael Bloomberg announced the 2024 inaugural winners of Bloomberg Philanthropies Excellence in Road Safety Awards to address the world's 12th leading cause of death.
Michael Bloomberg is known as the cofounder of financial information and media company Bloomberg LP, the former three-term mayor of New York City and a major philanthropist, with more than $11 billion in lifetime giving.
High profile ranchers including Charles Koch, Kanye West, Michael Bloomberg and more are buying and selling some of the most spectacular land in America.
