Michael Bloomberg

Real Name - Michael Rubens Bloomberg

Born – February 14, 1942 Boston, Massachusetts, U.S.

Citizenship – American
Title – CEO Bloomberg L.P.
Education – Johns Hopkins University (BS); Harvard University (MBA)
Net Worth – US$54.9 billion

CAREER
In 1973, Bloomberg became a general partner at Salomon Brothers, a large Wall Street
investment bank, where he headed equity trading and, later, systems development. Phibro
Corporation bought Salomon Brothers in 1981, and the new management fired Bloomberg,
paying him $10 million for his equity in the firm.

Using this money, Bloomberg, having designed in-house computerized financial systems for
Salomon, set up a data services company named Innovative Market Systems (IMS) based on
his belief that Wall Street would pay a premium for high-quality business information,
delivered instantaneously on computer terminals in a variety of usable formats. The company
sold customized computer terminals that delivered real-time market data, financial
calculations and other analytics to Wall Street firms. The terminal, first called the Market
Master terminal, was released to market in December 1982.
In 1986, the company renamed itself Bloomberg L.P.Over the years, ancillary products
including Bloomberg News, Bloomberg Radio, Bloomberg Message, and Bloomberg
Tradebook were launched. Bloomberg, L.P. had revenues of approximately $10 billion in
2018.[33] As of 2019, the company has more than 325,000 terminal subscribers worldwide
and employs 20,000 people in dozens of locations.

The culture of the company in the 1980s and 1990s has been compared to a fraternity, with
employees bragging in the company's office about their sexual exploits. The company was
sued four times by female employees for sexual harassment, including one incident in which
a victim claimed to have been raped.To celebrate Bloomberg's 48th birthday, colleagues
published a pamphlet entitled Portable Bloomberg: The Wit and Wisdom of Michael
Bloomberg. Among various sayings that were attributed to him, several have subsequently
been criticized as sexist or misogynistic.

When he left the position of CEO to pursue a political career as the mayor of New York City,
Bloomberg was replaced by Lex Fenwick and later by Daniel L. Doctoroff, after his initial
service as deputy mayor under Bloomberg. After completing his final term as the mayor of
New York City, Bloomberg spent his first eight months out of office as a full-time
philanthropist. In fall 2014, he announced that he would return to Bloomberg L.P. as CEO at
the end of 2014, succeeding Doctoroff, who had led the company since February 2008.
Bloomberg resigned as CEO of Bloomberg L.P. to run for president in 2019.
In March 2009, Forbes reported Bloomberg's wealth at $16 billion, a gain of $4.5 billion over
the previous year, the world's biggest increase in wealth from 2008 to 2009.Bloomberg
moved from 142nd to 17th in the Forbes list of the world's billionaires in only two years. In
the 2019 Forbes list of the world's billionaires, he was the ninth-richest person; his net worth
was estimated at $55.5 billion.

ACHEIVEMENTS

Bloomberg has received honorary degrees from Tufts University (2007), Bard

College (2007), Rockefeller University (2007), the University of
Pennsylvania (2008), Fordham University (2009), Williams College (2014), Harvard
University (2014), the University of Michigan (2016), Villanova
University (2017)  and Washington University in St. Louis (2019). Bloomberg was the
speaker for Princeton University's 2011 baccalaureate service.
On May 27, 2010, Bloomberg delivered the commencement speech at his alma mater, Johns
Hopkins University. In addition, he was invited to and delivered guest remarks for the Johns
Hopkins Class of 2020. Other notable guest speakers during the virtual ceremony included
Reddit co-founder and Commencement speaker Alexis Ohanian; Anthony Fauci, director of
the National Institute of Allergy and Infectious Diseases and a leading member of the White
House Coronavirus Task Force; and senior class president Pavan Patel
Bloomberg has received the Yale School of Management's Award for Distinguished
Leadership in Global Capital Markets (2003); Golden Plate Award of the American Academy
of Achievement presented by Ehud Barak (2004); Barnard College's Barnard Medal of
Distinction (2008); the Robert Wood Johnson Foundation Leadership for Healthy
Communities' Healthy Communities Leadership Award (2009); and the Jefferson Awards
Foundation's U.S. Senator John Heinz Award for Greatest Public Service by an Elected or
Appointed Official (2010). He was the inaugural laureate of the annual Genesis Prize for
Jewish values in 2013, and donated the $1 million prize money to a global competition, the
Genesis Generation Challenge, to identify young adults' big ideas to better the world.
Bloomberg was named the 39th most influential person in the world in the 2007 and
2008 Time 100. In 2010, Vanity Fair ranked him #7 in its "Vanity Fair 100" list of influential
figures.
In 2014, Queen Elizabeth II appointed Bloomberg an Honorary Knight Commander of the
Order of the British Empire for his "prodigious entrepreneurial and philanthropic endeavors,
and the many ways in which they have benefited the United Kingdom and the U.K.-U.S.
special relationship."