Rank #18
Michael Bloomberg
Net worth $109.4B
Bloomberg LP · United States
- Born
- Feb 14, 1942
- Age
- 84
- Source
- Bloomberg LP
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- In Relationship
- Children
- 2
- Education
- Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Johns Hopkins University
Net worth over time
Biography
- Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981.
- He put in the seed funding for the company and now owns 88% of the business, which has estimated annual revenues of nearly $15 billion.
- In 2023, he appointed product head Vlad Kliatchko as CEO of Bloomberg LP and former Bank of England governor Mark Carney as non-executive chair of a new board of directors.
- Bloomberg got his start on Wall Street in 1966 with an entry level job at investment bank Salomon Brothers. He was fired 15 years later.
- A major philanthropist, he gave away $3.7 billion in 2024 and has donated more than $21.1 billion in his lifetime to gun safety, climate change, education and other causes.
- He has committed to donating his stake in Bloomberg LP to Bloomberg Philanthropies when he dies, if not sooner.
- Bloomberg served as mayor of New York City for 12 years, from 2002 to 2013, and launched an unsuccessful bid for president in the 2020 race.
- In 2024, Bloomberg pledged $1 billion to Johns Hopkins University, his undergraduate alma mater, adding to the more than $3.5 billion he'd already given the school.
- As a teenager, Bloomberg worked at an electronics company in Cambridge, Massachusetts.