Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Portrait de Michael Bloomberg
Birthday : 02/14/1942
Place of birth : Medford (Massachusetts) - United States
Country of residence : United States

Biography of Michael Bloomberg 
Current New York Mayor Michael Bloomberg is also the founder and owner (88 %) of Bloomberg LP, a company of services destined to financial market professionals. With a fortune estimated by Forbes to $ 18.1 billion, Michael Bloomberg is the 30th richest person in the world.

Graduated in Sciences in 1964, Michael Bloomberg obtained a MBA at Harvard Business School. His career as a businessman is launched when he partnered with the investment bank Salomon Brothers where he was in charge of sales and later, systems development.

In 1981, Michael Bloomberg is fired from Salomon Brothers, his severance pay, amounting to $ 10 million, is immediately invested in the creation of Innovative Market Systems, a company which provides financial services.

In 1981, the company was renamed Bloomberg LP. Initially focused on the use of historical data base on curves of US borrowing rate, the company extended its services to professionals by opening up to the economic and financial information as well as news agency as through many media: television, radio, press, internet and books.

In 2008, the group Bloomberg LP employed about 10.000 employees present in more than 130 countries.

In 2001, Michael Bloomberg, anxious to avoid the democratic primary, chose to run as a candidate in the election of the New York Mayor for the Republican Party. He spent $ 70 million of his personal fortune in order to campaign. He won the election in November 2001 with 50 % of the vote against Democrat Mark Green.

On November 8, 2005, Michael Bloomberg is re-elected for a second term of office for a period of 4 years with 59 % of the vote against Fernando Ferrer. He invested $ 50 million to win.
Copyright © 4-traders.com / Photo © Reuters

Anecdotes
As Mayor of New York, Bloomberg declines to receive a salary from the city, accepting a salary of one dollar per year for his services.
Citations
“Taxes are not good things, but if you want services, somebody's got to pay for them so they're a necessary evil.”


Most Read News 
06/19MARTIN WINTERKORN : Head of Volkswagen's Audi arrested in Germany over diesel scandal
RE
06/19ELON MUSK : CEO Musk emails staff alleging employee 'sabotage'
RE
06/14BILL GATES : Hong Kong market could open cash flood gates for U.S. biotechs
RE
06/14ELON MUSK : Musk's Boring Company wins bid to build high-speed system in Chicago
RE
06/20RUPERT MURDOCH : Fox, Disney Reach Sweetened Merger Agreement -- 6th Update
DJ
06/14LI KA-SHING : Li Ka-shing Scion Is Set To Expand His Empire -- WSJ
DJ
06/19WOLFGANG PORSCHE : Audi CEO crisis threatens fragile truce among VW stakeholders
RE
06/20ELON MUSK : Tesla's Musk says Germany a front runner for Europe Gigafactory
RE
06/15WILLIAM ACKMAN : Exclusive - Ackman's hedge funds gain after years of losses, Chipotle helps
RE
06/15JOHN MALONE : Top Company News of the Day
DJ
More news
Advertisement
Latest news about Michael Bloomberg 
- No news -
More news


Popular Business Leaders 
Paul Achleitner William Ackman Frank Appel Jeff Bezos Lloyd Blankfein Michael Bloomberg Dick Boer Vincent Bolloré Warren Buffett Patrice Caine Vittorio Colao Tim Cook Serge Dassault Oleg Deripaska Patrick Drahi John Edwards Carlos Ghosn David Henry Heinrich Hiesinger Carl Icahn Arnaud Lagardère Jack Ma Sergio Marchionne Laurent Mignon Rupert Murdoch Elon Musk Peter Nicholas Xavier Niel Frédéric Oudéa Gavin Patterson Georges Plassat Wolfgang Porsche Roberto Quarta Sumner Redstone Alexandre Ricard Wilbur Ross Howard Schultz Masayoshi Son George Soros Martin Sorrell Rupert Stadler Tidjane Thiam Peter Thiel Viktor Vekselberg Christophe Weber John Williamson Martin Winterkorn Steve Wynn Dieter Zetsche Mark Zuckerberg
A-Z Business Leaders