Michael Bloomberg

Biography

Bloomberg used a $10 million payout from Salomon Brothers to found his own company in 1981; its terminal became indispensable on Wall Street and made him one of the richest people in America. He won New York's mayoralty in 2001 and served three terms, taking a salary of $1 a year. Through Bloomberg Philanthropies he has given billions to public health, the environment, education and the arts.

American entrepreneur who built Bloomberg L.P. into the data backbone of global finance, then served as mayor of New York City from 2002 to 2013.

Known for

Founding Bloomberg L.P. and serving three terms as New York City's mayor.

Notable works & defining projects

• Bloomberg L.P.
• Bloomberg Terminal
• Bloomberg Philanthropies

Notable achievements

• Founded Bloomberg L.P. (1981); the Bloomberg Terminal transformed financial data
• Served three terms as mayor of New York City (2002–2013)
• Has committed billions through Bloomberg Philanthropies to global health and climate causes

Timeline

1. 1981Founded the company that became Bloomberg L.P.
2. 2001Elected mayor of New York City
3. 2020Ran for the Democratic presidential nomination

Did you know?

• As mayor he accepted a salary of just $1 per year
• He spent roughly $1 billion of his own money on his 2020 presidential campaign