Michael Bloomberg

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Michael Bloomberg
Michael Bloomberg January 2019.jpg
Michael Bloomberg in January 2019
108th Mayor of New York City
In office
January 1, 2002 – December 31, 2013
Preceded byRudy Giuliani
Succeeded byBill de Blasio
Personal details
Michael Rubens Bloomberg

(1942-02-14) February 14, 1942 (age 77)
Boston, Massachusetts, U.S.
Political partyDemocratic Party (until 2001; 2018-Present)
Republican Party (2001–2007)
Independent (2007-2018)
Domestic partnerDiana Taylor
ChildrenGeorgina Bloomberg
Emma Bloomberg
ResidenceUpper East Side, Manhattan, New York City, New York, U.S.
Alma materJohns Hopkins University (BS)
Harvard University (MBA)
OccupationBusinessman, politician, philanthropist
Net worthIncrease US$ 25 billion (2012)[1]

Michael Rubens Bloomberg (born February 14, 1942) is an American business magnate, politician and philanthropist. He was the 108th Mayor of New York City for three terms from 2002 to 2013. He has a net worth of $31 billion. He is the tenth-richest person in the United States.[1] He is the thirteenth-richest person in the world.[2] He is the founder and 88% owner of Bloomberg L.P..[3][4]

Early life[change | change source]

Michael Bloomberg was born at St. Elizabeth's Hospital, in the Brighton neighborhood of Boston, on February 14, 1942.[5] His family is Jewish. His father, William Henry Bloomberg (1906–1963), was a real estate agent and the son of Alexander "Elick" Bloomberg, an immigrant from Russia. His mother, Charlotte Rubens Bloomberg (January 2, 1909 – June 19, 2011), was a native of Jersey City, New Jersey. His maternal grandfather, Max Rubens, was an immigrant from present-day Belarus, then also part of Russia.[6][7]

Business career[change | change source]

Bloomberg began his career at Salomon Brothers before forming his company in 1981 and became its Chairman and CEO.[8] He also served as chairman of the board of trustees at his alma mater Johns Hopkins University from 1996 to 2002.[1]

Mayor of New York City (2002-2013)[change | change source]

He was a Democrat before running for office. He switched his party registration in 2001 to run for mayor as a Republican. He defeated opponent Mark Green in a close election held just weeks after the September 11 attacks. Bloomberg won a second term in 2005 and left the Republican Party two years later.[8] He campaigned to change the city's term limits law and was elected to his third term in 2009 as an independent candidate on the Republican ballot line.

Post mayoral career[change | change source]

He was often mentioned as a possible candidate for the U.S. presidential elections in 2008 and 2012,[9] and for New York Governor in 2010. He declined to seek either office, instead wanting to continue serving as Mayor of New York. On January 1, 2014, Bill de Blasio succeeded him as Mayor of New York City.[10]

Bloomberg is co-chair with Tom Steyer and Henry Paulson for a report called Risky Business by a coalition of top U.S. political and economic leaders from the political left, right, and center on the dire economic consequences from climate change (global warming), from lost property to ruined crops.[11]

Since May 2015, there has been speculation of Bloomberg possibly running for president in the 2016 U.S. presidential election.[12][13][14] On January 10, 2016, Bloomberg showed interest in running as an Independent in the upcoming election.[15][16] On March 7, 2016, Bloomberg said that he will not run for president lest it bring victory to Donald Trump or Ted Cruz.

Personal life[change | change source]

Bloomberg was married to Susan Brown from 1975 until they divorced in 1993. He is now in a domestic partnership with Diana Taylor since 2000. Bloomberg has two daughters with Brown.

Articles[change | change source]

References[change | change source]

  1. 1.0 1.1 1.2 "Michael Bloomberg". Forbes. September 2012. Retrieved September 26, 2012.
  2. Michael Sherer, "Michael Bloomberg Wants To Be Mayor of the World," Time, October 21, 2013, pages 20-31
  3. "Bloomberg - Are you a robot?". www.bloomberg.com.
  4. "The 400 Richest Americans: #8 Michael Bloomberg". Forbes. September 17, 2008. Retrieved January 12, 2014.
  5. Harris, Elizabeth A. (June 20, 2011). "Charlotte R. Bloomberg, Mayor's Mother, Is Dead at 102". The New York Times. Retrieved January 12, 2014.
  6. Purnick, Joyce (8 October 2009). "'Mike Bloomberg,' by Joyce Purnick" – via NYTimes.com.
  7. Ford, Beverly; Lovett, Kenneth; Blau, Reuven; Einhorn, Erin; Lucadamo; Kathleen (June 19, 2011). "Charlotte Bloomberg, Mayor Bloomberg's Mother, Dies at 102". Daily News (New York). Retrieved January 12, 2014.
  8. 8.0 8.1 "Bloomberg Leaves Republican Party – NYC Mayor, Subject of Speculation about Presidential Run, Now Unaffiliated". msnbc.com. Associated Press. June 20, 2007. Retrieved January 12, 2014.
  9. Chan, Sewell (June 19, 2007). "City Room: Bloomberg Leaving Republican Party". The New York Times.
  10. The New York Times (November 6, 2013). "De Blasio Is Elected New York City Mayor in Landslide". The New York Times. Retrieved November 6, 2013.
  11. 5 Dire Warnings From Bipartisan Report on Climate Change's Economic Impact; Risks include flooding, disruption to farming, and dangerous heat. June 25, 2014 National Geographic
  12. Harper, Jennifer (August 18, 2015) Inside the Beltway: Michael Bloomberg, a Democratic presidential candidate?, Washington Times. Retrieved August 19, 2015
  13. Lucas, Fred (August 8, 2015) Early State Primary Voters Will See More ‘Michael Bloomberg for President’ Ads — From the NRA, The Blaze. Retrieved August 19, 2015
  14. Chambers, Francesca (June 5, 2015) Could Hillary get serious opposition as another no-hoper – Lincoln Chafee – enters 2016 race: Michael Bloomberg holds meeting on running for White House and says it’s 'no problem' becoming a Democrat, The Daily Mail.com. Retrieved August 19, 2015
  15. "Bloomberg commissioned poll to test 2016 waters, source says". CNN.com. Retrieved January 10, 2016.
  16. "Bloomberg Eyes Third-Party Run Against Trump and Clinton". Weekly Standard.com. Retrieved January 10, 2016.

Other websites[change | change source]

Party political offices
Preceded by
Rudy Giuliani
Republican nominee for Mayor of New York City
2001, 2005, 2009
Succeeded by
Joe Lhota
Political offices
Preceded by
Rudy Giuliani
Mayor of New York City
Succeeded by
Bill de Blasio