Billionaire Profile

Global Rank

#17

Image: Bloomberg Philanthropies | CC0 | via Wikimedia Commons

Michael Bloomberg

CEO, Bloomberg LP

UNITED STATES

Real-Time Net Worth

$109.419B

Estimated based on Bloomberg LP stock value as of March 6, 2026

0% (24h)

Age

Source

Bloomberg LP

Industry

finance-investments

Citizenship

UNITED STATES

Biography

Michael Bloomberg is an American business magnate, politician, and philanthropist. He is the founder of Bloomberg L.P., a financial data and media company, and served as the 109th Mayor of New York City for three terms. With an estimated net worth of $109.4 billion as of December 2025, Bloomberg is a centibillionaire and is the 17th richest person in the world. His career spans from Wall Street, where he began at Salomon Brothers, to building a global financial information empire with Bloomberg L.P., and into public service as the mayor of New York City, demonstrating his achievements in both the business and political arenas.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

Portfolio Holdings

Bloomberg LP

In-Depth Profile

Early Life

Michael Rubens Bloomberg was born on February 14, 1942, in Boston, Massachusetts. He was raised in Medford, Massachusetts. He earned a Bachelor of Science in Electrical Engineering from Johns Hopkins University in 1964 and an MBA from Harvard Business School in 1966.

Rise to Success

Bloomberg's career began at Salomon Brothers, where he eventually became a partner. After being laid off, he used his severance to found Innovative Market Systems in 1981, which later became Bloomberg L.P.. The company revolutionized financial information with the Bloomberg Terminal and grew into a global leader in financial data, software, and media.

Key Business Strategies

A key strategy for Bloomberg was providing real-time, high-quality financial data through computer terminals, which catered to the needs of Wall Street. The Bloomberg Terminal was central to the company's success. Bloomberg also expanded into news and media with Bloomberg News and Bloomberg Television.

Philanthropy

Bloomberg has been a noted philanthropist, donating billions of dollars to various causes through Bloomberg Philanthropies. His focus areas include the arts, education, environment, public health, and government innovation. As of 2024, he had distributed $3.7 billion through Bloomberg Philanthropies. He has committed to giving away the majority of his wealth.

Career Milestones

1966

Joined Salomon Brothers

Began career in financial services at the investment bank Salomon Brothers.

1981

Founded Innovative Market Systems (later Bloomberg L.P.)

Launched the financial data-services firm, which revolutionized the distribution of financial information.

2002

Elected Mayor of New York City

Served three terms as the 109th Mayor of New York City.

2020

2020 Presidential Campaign

Launched a campaign for the 2020 Democratic nomination for president, but ended the campaign in March 2020.

2024

Awarded Presidential Medal of Freedom

Received the Presidential Medal of Freedom from President Joe Biden.

Philanthropy & Social Impact

Education

Johns Hopkins University

$1B

Pledged $1 billion to Johns Hopkins University for tuition costs.

Gun Safety

Everytown for Gun Safety

N/A

Helped found and supports Everytown for Gun Safety, a coalition advocating for gun control.

Various

Bloomberg Philanthropies

$3.7B

Distributed $3.7 billion through Bloomberg Philanthropies to various organizations, schools, and initiatives in 2024.

Business Philosophy & Leadership

Notable Quotes

"If you want to fully enjoy life—give."

"And if you want to do something for your children and show how much you love them, the single best thing—by far—is to support organizations that will create a better world for them and their children."

Leadership Principles

Data-Driven Decision Making

Emphasizes the use of data and analytics to guide decisions in both business and philanthropy.

Innovation and Adaptability

Focuses on adapting to changing circumstances and implementing innovative solutions.

Commitment to Public Service

A dedication to improving public health and safety, fighting poverty, and promoting the arts.

Controversies & Challenges

2000s

Stop-and-Frisk

Criticism for the city's stop-and-frisk program, which Bloomberg later apologized for before his 2020 presidential run.

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Latest News & Analysis

Analysis•2/4/2026

Target's Existential Crisis: Bloomberg's Blunt Admission and the Retail Reckoning

Michael Bloomberg's acknowledgement of a 'loss of trust' at Target is more than a public relations stumble; it's a strategic admission of profound market vulnerability. This isn't just about sales figures; it's about the very soul of the brand and its ability to connect with a rapidly evolving consumer base. The coming quarters will reveal whether Bloomberg's leadership can navigate this treacherous landscape, or if Target is destined for a more perilous future.

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Analysis•12/8/2025

Bloomberg's Global Gambit: Can Trash Pickup Save Democracy?

Michael Bloomberg is quietly, yet powerfully, expanding his global influence through a network of mayors, ostensibly to shore up democracy. The initiative, cloaked in the practicalities of urban management like waste disposal, conceals a complex strategy with profound implications for international power dynamics. This is not philanthropy; this is a high-stakes play with a legacy, and potentially a very profitable one, hanging in the balance.

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Analysis•12/8/2025

Bloomberg's Global Gambit: Can Trash, Mayors, and Billions Really Save Democracy?

Michael Bloomberg, the man who tried to buy the presidency, is now betting on a different game: local leadership. His expanded support for mayors worldwide isn't just about cleaner streets; it's a strategic play to influence global policy and societal resilience, all while burnishing his legacy. This is a high-stakes, multi-billion dollar bet on the future, and the early returns are…complex.

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Analysis•11/23/2025

Bender's Bold Bid: Kohl's Chooses New CEO, But Is This a Turnaround or a Slow Fade?

Michael Bender is reportedly taking the helm at Kohl's, a move that signals a pivot, or perhaps, a desperate gamble. The choice comes after a tumultuous period of activist pressure and failed takeover attempts, highlighting the deep-seated challenges facing the department store. This decision, while seemingly decisive, leaves open the question of whether it's a bold stroke or a prelude to a longer, more painful reckoning.

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Analysis•11/23/2025

Kohl's Gambit: Michael Bender Ascends – A Bold Bet on Retail's Razor Edge

The whispers are true: Michael Bender is in. Kohl's, adrift for years, makes its bet. This isn't just a CEO appointment; it's a strategic roll of the dice in a game where the house always wins... unless, perhaps, this time, it doesn't.

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Analysis•9/24/2025

Bloomberg’s Gambit: A Billionaire’s Global Power Play and the Future of Influence

Michael Bloomberg, the billionaire ex-mayor, has convened the Bloomberg Philanthropies Global Forum, a gathering of global leaders. This is not just philanthropy; it’s a strategic reshaping of global power dynamics, leveraging wealth for influence. The forum serves as a critical nexus, a carefully orchestrated move that will undoubtedly reshape the landscape of international relations, public health, and urban development for decades to come.

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