Michael Bloomberg is an American businessman, philanthropist, politician, and former Mayor of New York City. He was the founder and CEO of Bloomberg L.P., which he created in 1981 with a $10 million investment. In 2016, Bloomberg donated $4.5 billion to Johns Hopkins University in Baltimore, Maryland. However, his net worth has decreased by 50% since 2008 due to the financial crisis and poor investments. 

Michael Bloomberg’s Early Life

Michael Bloomberg
Michael Bloomberg

Michael Bloomberg was born on February 14th, 1943, in Boston, Massachusetts. He graduated from Johns Hopkins University with a degree in engineering and economics. His professional career began at the Salomon Brothers investment bank where he worked for six years.

In 1981, Michael Bloomberg founded his own financial data company, Bloomberg L.P., which has since become one of the largest financial services and media companies in the world.

He is the father of four children: Emma, Daniel, Georgina, and Sam.

The Bloomberg Family

Michael Bloomberg is the son of William and Charlotte Bloomberg, who were Jewish immigrants from Ukraine. After his parents divorced, Michael and his mother moved to Greenwich Village, New York City.

Michael Bloomberg attended Johns Hopkins University on scholarship and graduated with a BA in economics with honors in 1969. He then attended Harvard Business School for three years before dropping out because he was accepted into the Foreign Service.

He served as the US Ambassador to Japan from 1982-1986 and then as the United States Secretary of Commerce under President Ronald Reagan from 1987-1988. 

He was elected Mayor of New York City on November 7th 2001, serving 1,260 days before resigning on December 31st 2002 to become CEO of Bloomberg L.P. He was reelected on November 7th 2005 but resigned after seven years in office to return full-time to private life. Last four months he served as an unpaid “special adviser” due to term limits.

On January 11th 2018, it was announced that Michael had decided not to run for president in 2020 against Donald Trump but would serve another term as mayor until 2022 when he would be 80 years old at which point he will retire from public life. 

How Did Michael Bloomberg Decome A Billionaire?

Michael Bloomberg became a billionaire through his investment company, Bloomberg L.P., which he created in 1981.

• In 2007, Michael Bloomberg was the fifth richest person in the United States and the world’s third richest man after Bill Gates and Warren Buffett.

• Michael Bloomberg is also famous for pushing gun control even though he has never been personally affected by gun violence.

What Do We Know About Michael Bloomberg?

Michael Bloomberg was born to a Jewish family and earned a bachelor’s degree from Harvard University in government.

As the former CEO of Bloomberg L.P., he had a net worth of $31 billion as of 2016.

Why Is Michael Bloomberg Famous?

Michael Bloomberg is famous because of his success in business and philanthropy. Bloomberg is a self-made billionaire who has founded and led several successful companies, including the software company he helped start in 1981. He also became a politician, serving as the Mayor of New York City from 2002 to 2013 before becoming a private citizen. 

Bloomberg was born on February 14th, 1942 to a middle class Jewish family with five children. His father, William Henry Bloomberg, was an accountant for the New York Stock Exchange, and his mother was Charlotte Bloomberg (née Saarinen). He had three sisters and one brother. Michael’s father died when he was nine years old.

Conclusion

Michael Bloomberg is famous for his one-of-a-kind skills in business, politics and philanthropy. Bloomberg is a billionaire who started his own company at the age of 23 and has been featured in multiple business magazines. Bloomberg has a net worth of $41 billion and has served as the Mayor of New York City for 12 years. The most interesting fact about Michael Bloomberg is that he was Mayor of New York City for 12 years.

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