Michael Bloomberg

Michael Bloomberg, an American businessman, politician, philanthropist, and author, was born on February 14, 1942.

Michael R. Bloomberg, the entrepreneur and three-term mayor of New York City, was born in Boston on February 14, 1942. His innovations in business, government, and philanthropy have made him a global leader on various critical issues.

In 1954, at the age of 12, Michael Bloomberg became one of the youngest Eagle Scouts in history. This achievement showcased his drive to succeed and passion for service from a young age.

Michael Bloomberg completed his Bachelor of Science in electrical engineering from Johns Hopkins University in 1964, marking an important milestone in his academic journey.

In 1966, Michael Bloomberg earned his Master of Business Administration (MBA) from Harvard Business School, enhancing his business acumen and paving the way for his future success.

Michael Bloomberg becomes the CEO of Bloomberg L.P. in 1981, leading the company for two separate periods from 1981 to 2001 and again from 2014 to 2023.

In 1984, Merrill Lynch invested $30 million in Bloomberg LP. This investment helped the company further develop the Bloomberg Terminal system for tracking financial market information.

In 1986, Innovative Market Solutions (IMS) was renamed Bloomberg LP. By 1991, the company had installed 10,000 terminals on finance professionals' desks, marking a significant growth in the financial services industry.

In 1987, Michael Bloomberg founded his own company named Market Systems, which later evolved into the highly successful financial data and media company known as Bloomberg L. P.

By 1991, Bloomberg LP had installed 10,000 terminals on finance professionals' desks. This marked a significant milestone in the company's growth and adoption of its financial information services.

Bloomberg Television, a 24-hour cable news network, was founded in 1994. Initially available on DirecTV, it later expanded to cable television. The network is known for its extensive live programming.

From 1996 to 2001, Michael Bloomberg served as the chairman of the board of trustees at Johns Hopkins University. The university's School of Hygiene and Public Health was later renamed the Bloomberg School of Public Health in recognition of his support.

In the wake of the September 11 attacks, the primary election for the New York City mayoral race was postponed. Michael Bloomberg, a former lifelong Democrat, ran for mayor on the Republican ticket and defeated Herman Badillo to become the Republican nominee.

Michael Bloomberg became the Mayor of New York City in 2002.

Michael Bloomberg serves as the mayor of New York City for three terms from 2002 to 2013, making significant contributions to the city's governance and development.

Bloomberg issued Executive Order 41 in 2003, directing city employees not to inquire about or disclose information regarding immigration status unless mandated by law or organizational mission.

In 2004, the Bloomberg administration created a $400 property tax rebate for homeowners to offset the cost of a property tax increase passed in 2002, which helped balance the budget of New York City.

Michael Bloomberg was re-elected as the mayor of New York City with the widest margin ever for a Republican mayor. He defeated Democratic nominee Fernando Ferrer and faced criticism for his campaign spending and tactics.

On December 5, 2006, New York City became the first city in the United States to ban trans-fat from all restaurants, a significant public health initiative implemented during Bloomberg's tenure as mayor.

In January 2007, Bloomberg proposed cuts in property taxes by five percent and cuts in sales taxes, including the elimination of taxes on clothing and footwear, citing the city's booming economy as evidence to handle a tax break.

During a news conference in Staten Island, Michael Bloomberg strongly opposed proposed legislation in Congress that called for a clear timetable for troop withdrawal from Iraq. He argued that such a deadline would be irresponsible and against the country's and military's interests.

The City Council voted 29–22 in favor of extending the term limit to three consecutive four-year terms, allowing Bloomberg to run for office again.

After two days of public hearings, Bloomberg signed the bill into law, allowing him to run for a third term as mayor.

In March 2009, Forbes reported Michael Bloomberg's wealth at $16 billion, marking a substantial increase in his net worth and ranking him among the world's billionaires.

In November 2009, Michael Bloomberg was reelected for a third term as the mayor of New York City. His tenure was marked by various initiatives and controversies, including public health campaigns and debates over policing practices.

In July 2011, Bloomberg Philanthropies donated $50 million to Sierra Club's Beyond Coal campaign, expanding efforts to shut down coal-fired power plants in the United States.

After Hurricane Sandy, Michael Bloomberg endorsed Barack Obama for president due to Obama's policies on climate change.

On February 14, 2013, Bloomberg called for a ban on Styrofoam food packaging and advocated for increased recycling of plastics and food waste.

Bloomberg supported an eco-friendly food truck initiative, endorsing Neapolitan Express, a company that claimed to emit 75% less greenhouse gases than traditional gas or diesel trucks.

Michael Bloomberg decided not to endorse any candidate to succeed him as mayor. He praised The New York Times' endorsements and criticized Bill de Blasio's campaign methods. De Blasio eventually succeeded Bloomberg as mayor.

In a January 2014 Quinnipiac poll, 64% of voters considered Bloomberg's 12 years as mayor to be mainly a success.

In September 2015, Bloomberg Television underwent its largest-ever round of layoffs, leading to the resignation of several producers. The network's radio station is available in five markets across the United States.

In July 2017, Europe Beyond Coal was established with the goal of phasing out coal usage on the continent by 2030.

In 2018, Michael Bloomberg donated $1.8 billion to Johns Hopkins University to ensure need-blind admissions for all students. This was the largest gift in the history of American higher education.

On November 24, 2019, Bloomberg officially launched his campaign for the 2020 Democratic nomination, self-funding it and skipping the first four state primaries.

In 2020, Michael Bloomberg launched initiatives to combat the coronavirus pandemic by committing $40 million to help low- and middle-income countries prevent the spread of the disease. His contributions aimed to support global efforts in fighting the pandemic.

On November 24, 2019, Michael Bloomberg officially entered the race for the 2020 presidential campaign. He emphasized the importance of defeating Donald Trump and rebuilding America, positioning himself as a problem solver.

Bloomberg Philanthropies and Johns Hopkins University introduce the Vivien Thomas Scholars Initiative, a $150 million project to address the underrepresentation in STEM fields by providing opportunities and funding for students from Historically Black Colleges and Universities and Minority Serving Institutions to pursue PhDs at Johns Hopkins.

In September 2022, Bloomberg launched the Beyond Petrochemicals campaign to combat the rapid growth of U.S. petrochemicals and plastic pollution.

By October 19, 2023, Bloomberg had matched $25 million in donations to the Israeli Red Cross, known as Magen David Adom, following the Hamas attack on Israel.

In January 2024, a deal led by David Rubenstein, including Michael Bloomberg, was reached to purchase the Baltimore Orioles baseball team for $1.725 billion.