Michael Bloomberg, (b. Michael Rubens Bloomberg February 14, 1942) is a business billionaire, politician and philanthropist. As the current mayor of New York City, Michael Bloomberg has served three consecutive terms since 2002. His net worth is $27 billion, which makes Bloomberg one of the richest people in the United States. Michael Bloomberg is the founder and owner of Bloomberg L.P., a global financial information and media business. His career began at Wall Street’s securities brokerage, Salomon Brothers, before starting his own company in 1981, which is most famous for its Bloomberg Terminal.
In 2001, Bloomberg changed his Democratic Party registration to Republican when he ran for mayor. In a tight election, held just after the 9/11 World Trade Center attack, Bloomberg defeated opponent Mark Green. In 2005, Bloomberg left the Republican Party.
Michael Bloomberg was frequently considered a likely candidate for the United States presidential elections and for New York governor election in 2010. He showed no interest in either office. Instead, he chose to continue as mayor of New York.
As a philanthropist, Bloomberg chooses to turn his attentions to medical research, education, and the arts. Michael Bloomberg is a graduate of Johns Hopkins University and Harvard Business School.
As the son of a real estate agent, Michael Bloomberg financed his own way through two prestigious universities. He earned a bachelor’s degree from Johns Hopkins University and a master’s degree from Harvard in 1966. His first job with Salomon Brothers introduced Bloomberg to Wall Street. He quickly worked his way up and became partner in 1972.
In 1981, Michael Bloomberg started his own business, Bloomberg L.P., which was built around a financial data computer that was revolutionary in terms of storing security data. The company became an enormous success and soon after, Bloomberg expanded into the media venture with offices around the world.
In 2002, Michael Bloomberg came into the political field when he was elected the 108th mayor of New York. Bloomberg switched from Democratic to Republican Party, and is now known as a liberal Republican. He supports same-sex marriages and is pro-choice. As the New York mayor he established a 311 call line that allows New Yorkers to report crimes, traffic issues, trash problems, and other things, to the city. In 2005, Bloomberg was re-elected mayor. The 2008 election became controversial when Bloomberg pressed his way through legislation, allowing him to run for another term as mayor of New York. He blamed the difficult economy and his financial skills that allowed him to stay in office for a third term. After spending more than $90 million of his personal money on the political campaign, Bloomberg continued as mayor in 2009.
In 1997, Bloomberg authored Bloomberg by Bloomberg, an autobiography. He is father to daughters, Georgina and Emma.