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Michael Rubens BLOOMBERG

Primary Position:
CEO and President
Primary Company:
Bloomberg
Estimated Net Worth:
At least $43.1 billion
Source of Wealth:
Self-Made
Age:
74
Birthday:
14 February 1942
Religion:
Jewish
Nationality:
United States
Hometown:
Boston, Massachusetts, United States
Marital Status:
Divorced

Biography

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:
Johns Hopkins University
Qualification Name:
Bachelor's degree
Education Type:
Undergraduate
Start Date:
 
End Date:
1964
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Interesting Facts

In 2011, Bloomberg commented on the arrest of Occupy Wall Street protesters at Zuccotti Park, "an unfortunate minority of Occupy Wall Street protesters had made conditions at the movement's encampment at Zuccotti Park intolerable, and that the city was required to evict protesters for their own health and safety." Protesters were told they could return after the park was clean but without sleeping bags, tents or tarps.

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Interests, Passion, Hobbies

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.

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: 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.

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Philanthropy

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.

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Known Associates

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Family Details

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