Michael Bloomberg Biography

Michael Bloomberg is an American business magnate who has also served as the Mayor of New York City for three consecutive terms beginning with his first election in 2001. He is the founder of Bloomberg L.P., a global financial data and media company in which he holds 88 percent of the shares. Counted amongst the wealthiest people in the world, he is also a much renowned philanthropist. A Harvard Business School alumnus, Bloomberg was noted for his brilliance and determination from a young age. Starting his career at an entry-level position with Salomon Brothers investment bank, he rose to become a partner in the firm within 15 years. When Salomon’s acquisition by another firm left him without a job, he went on to form his own company, Innovative Market Systems, a financial-data service firm, later renamed Bloomberg LP. The company was immensely successful and over the years grew into a multi-billion dollar global data and media company. Politically inclined from a young age, he ran for Mayor of New York City as a member of the Republican Party ticket in 2001 and won the election. A popular mayor, he won re-election in 2005 and again in 2009. Bloomberg has always believed in giving back to the society and is known to be a very generous philanthropist