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Michael Rubens BLOOMBERG

Primary Position:
CEO and President
Primary Company:
Estimated Net Worth:
At least $45.4 billion
Source of Wealth:
14 February 1942
United States
Boston, Massachusetts, United States
Marital Status:


Bloomberg is a native of Boston, Massachusetts who was born in 1942. He graduated with a Bachelor's degree in electrical engineering from Johns Hopkins University in 1964, and received his MBA from Harvard Business School in 1966. Upon graduation, he started his career as a trader at Salomon Brothers, an investment bank which is now a part of Citigroup. By 1972, he became a Partner at Salomon Brothers, heading equity trading and systems development. In 1981, Salomon Brothers was acquired by Phibro Corporation, and Bloomberg ...

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Education History

Institution Name:
Harvard University
Qualification Name:
Education Type:
Start Date:
End Date:
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Interesting Facts

During his tenure as Mayor of New York City, Bloomberg began a push to ban sodas over 16 ounces. The appeal for the ban was unsuccessful and was denied motion in March 2013. The appeal is set to be continued under Mayor de Blasio's administration. The city of New York had appealed for the ban at the Court of Appeals on June 4, 2014. The ban was eventually rejected by the State's Highest Court, stating that the city's health board lacked authority to impose the ban and such policymaking is reserved for legislative bodies.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Philanthropy
Description: Joined Warren Buffett's Giving Pledge and agreed to donate 50% of his fortune to charitable causes. Founded Bloomberg Philanthropies, formerly known as Bloomberg Family Foundation, in 2006. As of 2015, Bloomberg purportedly donated $4.3 billion to a wide variety of causes and non-profit organizations.

Kind of Interests, Passion and Hobbies: Aviation - Pilot's License
Description: Holds a pilot's license. Known to particularly enjoy flying helicopters.

Kind of Interests, Passion and Hobbies: Aviation - Private Jet
Description: Reportedly on the exclusive waiting list to purchase an AgustaWestland AW609 Tiltrotor, a hybrid helicopter-plane that is set to be released in 2016. Reportedly owns a $4.5 million six-seat Agusta SPA A109S helicopter and a Dassault Falcon 900 jet, both of which are operated through Bloomberg L.P.

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Giving Profile: Majority of philanthropic activities are conducted through Bloomberg Philanthropies, a charitable foundation founded by Bloomberg in 2006. Previously known as Bloomberg Family Foundation, Bloomberg Philanthropies primarily supports arts and cultural, educational, environmental, and health-related causes, as well as government innovation. In 2014, Bloomberg Philanthropies had more than $6.5 billion in assets, more than $850 million in income, and donated more than $140 million. Also purportedly distributed more than $500 million in 2015. Recipients include Johns Hopkins University, World Lung Foundation, World Health Organization, and Sierra Club Foundation. In 1996, Bloomberg endowed the William Henry Bloomberg Professorship at Harvard University with a $3 million gift in honor of his father, who passed away in 1963, saying, "Throughout his life, he recognized the importance of reaching out to the non-profit sector to help better the welfare of the entire community". In 2010, Bloomberg also signed the Giving Pledge, which was initiated by Bill Gates and Warren Buffet, to give out his entire fortune before his death for causes. He hoped that his givings would help reducing high smoking rates in Turkey, Indonesia and other countries; improving road safety in India and Kenya; preventing deaths at childbirth to mothers in Tanzania; bringing down obesity levels in Mexico; reducing traffic in Rio de Janeiro, Brazil and Istanbul, Turkey; and organizing cities worldwide to become more environmentally friendly and efficient in delivering services. In December 2016, Bloomberg Philanthropies pledged $360 million to global anti-tobacco efforts which will help raise tobacco taxes, implement smoke-free laws and pursue other strategies to curb tobacco use in low and middle-income countries. In May 2017, Bloomberg Philanthropies pledged to donate $5 million to 40 cities around the world to focus on healthy lifestyle issues, including fighting obesity, air pollution, promoting exercise and ban on smoking.

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