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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

In 2014, financial author, Michael Lewis, published "Flash Boys", which claims that the stock market is rigged due to the use of high frequency trading. Bloomberg did not agree with this notion, "You don't have to trade there. You as an investor don't have to tell everybody what you want to do. You can sit there and say, 'I'm not going to tell them that I'm going to sell my stock'."

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Writing
Description: Published his own autobiography, "Bloomberg by Bloomberg", in 1997.

Kind of Interests, Passion and Hobbies: Travel
Description: Enjoys hassle-free travel. Has reportedly traveled to Mexico, Ireland, Israel, Albany, Athens and the U.K. by using his private plane.

Kind of Interests, Passion and Hobbies: Animals - Fish
Description: Appears to love tropical fish. Reportedly installed two giant aquariums in the New York City Hall when he was elected as Mayor. About $62,400 was spent every week to clean the tanks.

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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.

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