Michael Bloomberg is a famous American politician and entrepreneur. He is one of the richest people not only in America but in other parts of the world. He has earned his fortune through Bloomberg LP that is a news and services media company. You will not be surprised to know that he has about 88% shares of this private company. Michael is popular for being the former Mayor of New York City. As of now, he is the 12th wealthiest person in the world and the 8th richest American. He also got the chance to officially enter the 2020 Presidential race. Here is all you need to know about this talented businessman.
Bio and Early Life
Michael Bloomberg was born on February 14, 1942, in Boston, Massachusetts. He is from a middle-class family and being a member of the boy scouts. Being a bright student he graduated from Johns Hopkins University. He completed his degree in electrical engineering in 1964. His passion for studies didn’t end here and he earned an MBA degree from Harvard Business School. He was inclined towards opening up a business. After completing his studies he started working on Wall Street.
Due to his competitive nature, he got a job at Solomon Brothers. His starting salary was $9,000 per year. He started trading business with a partner that didn’t last for long. However even with no job he had lots of money. Micheal was ready to launch a business called Innovative Market Systems that turned his vision into reality. With hard work and effort, he opened up Bloomberg LP. It went on to become of the most prominent businesses. He holds around 80% share in it.
Mayor of New York
Michael stepped down from the position of CEO as he wanted to run for mayor of New York City. It was surprising that he won the election that happened after the September 11 terror attacks. He has been a lifelong democrat and wanted to become a republican. In 2002 Micheal had to join the office as the 108th mayor of New York. After completing the two terms he pressured the City Council to change the rules for the third term. They changed the rules and he won the third term. During all this time he spent $268 million from his own money on re-election campaigns. It was also surprising that he spent $890,000 to provide free breakfast and lunch to his staff during these three terms.
Michael got married to Susan Brown-Meyer but they got divorced in 1993. They are blessed with two children together. Georgina Bloomberg is one of their children who is a socialite and owns an equestrian team. Michael has been in a relationship with Diana Taylor after the divorce and they are still going strong.
The total net worth of Micheal happens to be around $60 billion. At this point, he is one of the richest people in the world. He leads a luxurious lifestyle and has got all the necessities. Micheal owns a big mansion and people were impressed to know about it. His major source of income is from Bloomberg LP and is still going strong.