Michael Bloomberg

American businessman and politician; 108th mayor of New York City

Michael Bloomberg is an American businessman, politician, and philanthropist. He founded and led the financial technology company Bloomberg L.P., served as the mayor of New York City for three terms, and was a candidate for the 2020 Democratic presidential nomination. Bloomberg is one of the wealthiest people in the world and has donated billions to various charitable causes.

Table of Contents

Family Info

Siblings

Marjorie Tiven

Spouses

Susan Brown

Children

Georgina Bloomberg

Emma Bloomberg

About the Michael Bloomberg

Michael Rubens Bloombergis 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. 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. 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. Bloomberg, who has signed The Giving Pledge, has given away $17.4 billion to philanthropic causes in his lifetime.

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.

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.

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 for his candidacy, which set the record for the most expensive U.S. presidential primary campaign.

Frequently Asked Questions

Michael Bloomberg is an American businessman and politician. He is the majority owner and co-founder of Bloomberg L.P., a financial information, software, and media firm. He also served as the mayor of New York City for three terms from 2002 to 2013.

Michael Bloomberg was born on February 14, 1942.

Michael Bloomberg has held several high-profile positions, including serving as the mayor of New York City for three terms and as the CEO of Bloomberg L.P. from 1981 to 2001 and again from 2014 to 2023.

As of April 2024, Forbes ranked Michael Bloomberg as the thirteenth-richest person in the world, with an estimated net worth of US$106.2 billion.

Michael Bloomberg has signed The Giving Pledge and has given away $17.4 billion to philanthropic causes in his lifetime.

Michael 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, and set the record for the most expensive U.S. presidential primary campaign at $935 million.

As the mayor of New York City, Michael Bloomberg pursued socially liberal and fiscally moderate policies, developed a technocratic managerial style, and had far-reaching influence on the politics, business sector, and culture of the city during his three terms.

34 Quotes by Michael Bloomberg

  1. 1.

    You know, I start with the assumption that -or with, with the belief that this president has to succeed. We all have an enormous amount of capital invested in his success. His success is the country’s success.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  2. 2.

    Taxes are not good things, but if you want services, somebody’s got to pay for them so they’re a necessary evil.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  3. 3.

    This is the city of dreamers and time and again it’s the place where the greatest dream of all, the American dream, has been tested and has triumphed.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  4. 4.

    Ironically, it is exactly because we are a city that embraces freedom, that welcomes everyone and encourages their dreams, that New York remains on the front lines in the war on terror.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  5. 5.

    You know, if you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure. This stimulus bill has fundamentally gone, started out with a $500 rebate check, remember. That went to buy flat-screen TVs made in China.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  6. 6.

    The public is upset. If they haven’t lost their job, they know somebody that has. If they haven’t lost their house, they know somebody that has. What do you do? When something’s wrong, it’s government’s job to fix it, it must be government that’s responsible for causing it.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  7. 7.

    It’s no fun to protest on an empty stomach.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  8. 8.

    We have to get control of our borders. You can only do that if you make companies obey the law and not hire undocumented or illegals. They can only do that is if they have a Social Security Card that has biometrics so they know whether the person is legal or not.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  9. 9.

    I think we are not serious about attacking the long-term debt problem, and that’s one of the things that he’s going to have to find a way to get on the agenda.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  10. 10.

    I am what I am and, you know, I’m a very lucky guy.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  11. 11.

    We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  12. 12.

    Canada sets aside 36 percent of their visas for people with skills they think their country needs. We set aside six percent. We educate the doctors, and then don’t give ’em a green card.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  13. 13.

    The public is mad, frustrated, but what the public wants is progress.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  14. 14.

    Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  15. 15.

    The cold harsh reality is that we have to balance the budget.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  16. 16.

    Many of America’s and New York’s sons and daughters are around the world fighting for the freedoms that the Statue of Liberty stands for.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  17. 17.

    We are the safest large city in America, but any crime rate is too high.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  18. 18.

    Every one of my positions cuts – out half the country. I’m pro-choice, I’m pro-gay rights, I’m pro-immigration, I’m against guns, I believe in Darwin.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  19. 19.

    We will rebuild, renew and remain the capital of the free world.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  20. 20.

    And I think the more money you put in people’s hands, the more they will spend And if they don’t spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  21. 21.

    I think if you look at people, whether in business or government, who haven’t had any moral compass, who’ve just changed to say whatever they thought the popular thing was, in the end they’re losers.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  22. 22.

    We will go forward… we will never go back.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  23. 23.

    You don’t make spending decisions, investment decisions, hiring decisions, or whether-you’re-going-to-look-for-a-job decisions when you don’t know what’s going to happen.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  24. 24.

    No place epitomizes the American experience and the American spirit more than New York City.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  25. 25.

    You are safer here tonight than you would be on the streets of any other city in the world.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  26. 26.

    When you come in to court as a plaintiff or as a defendant, it is terribly important that you look up at the bench and feel that that person represents you and will understand you, that that person is reflective of our community and of our society.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  27. 27.

    These endless legal challenges that define elections in New York are a joke in this country, and they are the reason why it is so expensive, or one of the reasons, it’s so expensive to run here and why so many people decide not to run.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  28. 28.

    Yes, they broke the law, but we can’t deport them. Let’s get over this pointing fingers and do something about that, whether it – they have to pay a fine, learn to speak English, the history, you can do that. And then you have to give visas for the skills we need.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  29. 29.

    Well, we have to provide the world’s best schools. We certainly don’t have them, but that’s our objective.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  30. 30.

    It is exactly because we are a city that embraces freedom, that welcomes everyone and encourages their dreams, that New York remains on the front lines in the war on terror.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  31. 31.

    And because no matter who you are, if you believe in yourself and your dream, New York will always be the place for you.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  32. 32.

    I’ve got the greatest job in the world. There’s no other job in government where cause and effect is so tightly coupled where you can make a difference every day in so many different ways and in so many different people’s lives. It’s a great challenge.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  33. 33.

    We’ve shown the world that New York can never be defeated, because of its dynamic and diverse population and because it embodies the spirit of enterprise and the love of liberty.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City

  34. 34.

    We all must recognize that homeland security funds should be allocated by threat and no other reason.

    Michael Bloomberg

    American businessman and politician; 108th mayor of New York City