What is Michael Bloomberg’s net worth?
| net worth: | $96.3 billion |
|---|---|
| age: | 82 |
| date of birth: | February 14, 1942 |
| gender: | male |
| high: | 1.70 m (5 ft 7 in) |
| country of origin: | USA |
| Source of wealth: | entrepreneur |
| Last updated: | February 15, 2024 |
introduce
Michael Bloomberg’s net worth is estimated at $96.3 billion.
Michael Bloomberg is one of the richest people in the world. He is the majority owner and founder of Bloomberg LP, a global financial media and data company.
He is also not only a world-renowned businessman, but also served as Mayor of New York City several times and is a respected philanthropist.
early life
Michael Bloomberg was born on February 14, 1942 in Boston, Massachusetts.
After high school, he attended Johns Hopkins University, graduating in 1964 with a Bachelor of Science degree in electrical engineering.
After receiving his bachelor’s degree, he attended Harvard Business School and graduated in 1966 with an MBA.
Profession
Before becoming one of the richest men in the world, Michael Bloomberg graduated from Johns Hopkins University and Harvard Business School.
He began his career at Wall Street investment bank Salomon Brothers in 1966 and rose through the ranks in the equities division.
After becoming a general partner in 1972, he oversaw the firm’s stock trading and later systems development.
In 1981, Phibro acquired Salomon Brothers and, at the same time as firing Bloomberg, paid him $10 million in equity in the company.
Start your own company
Michael Bloomberg used the funds from the acquisition of Salomon Brothers to form a data services company called Innovative Market Systems.
The company sells customized computer terminals that display real-time market data and other Wall Street analytics.
In 1986, IMS was renamed Bloomberg LP and used to spin off Bloomberg Broadcasting, Bloomberg News and the Bloomberg Trading Book.
Although the company thrived in the 1980s and 1990s, it also had some difficulties with sexual harassment.
During that time, the company was sued four times by female employees for sexual harassment, and its culture was likened to a fraternity.
However, this did not hinder Bloomberg’s success, and by the time he stepped down as CEO, he had become one of the richest people in the United States, with a fortune of billions of dollars.
Successful politician
After resigning as CEO of Bloomberg News, Michael Bloomberg chose to enter politics and run for mayor of New York City.
In 2002, he succeeded Rudy Giuliani as the 108th Mayor of New York City, one of the most expensive cities in the world.
Despite low approval ratings early in his career, Bloomberg was re-elected in 2005 and 2009.
During his time as mayor, he turned the city’s $6 billion budget deficit into a $3 billion surplus, largely through raising property taxes.
He also opened numerous bike lanes, enacted an indoor smoking ban, pedestrianized Times Square and required chain restaurants to list calorie counts.
In addition, his administration greatly expanded the stop-and-frisk program, increasing the number of stops nearly sixfold.
Post-mayor politics
Michael Bloomberg was often mentioned as a potential candidate for the 2008 and 2010 presidential elections.
Although he declined to run during those years, he briefly considered running as an independent during the 2016 election.
In 2018, he pledged to donate $80 million to support Democratic congressional candidates, but by October of that year, he had pledged more than $100 million.
All of his spending during this election period has reignited rumors that he will run for president in 2020.
While he initially encouraged the Democratic Party to nominate someone to defeat Donald Trump, he soon decided to join the race.
Presidential campaign
In November 2019, Michael Bloomberg officially launched his presidential campaign, with all of his campaign funds coming from his personal property.
He entered the race late, missed the first four primaries and caucuses, and had lackluster performances in two debates.
Still, Bloomberg stayed in the race and used his wealth to advertise on television, radio, the Internet and in the mail.
In total, he spent $676 million of his personal fortune on the campaign, the most in the history of a presidential campaign.
Yet no matter how hard he tried, he never rose above 15 percent in national polls and stagnated before Super Tuesday.
Ultimately, Bloomberg chose to suspend his campaign and endorse Biden after winning only American Samoa.
In 2022, Bloomberg was nominated to serve as chairman of the Defense Innovation Board, and the following year served as a global advisor to Earthshot Prize winners.
Michael Bloomberg Net Worth
Michael Bloomberg’s net worth is $96.3 billion.
Michael Bloomberg’s net worth over time
| Year | net worth |
|---|---|
| 2009 | $16 billion |
| 2010 | $18 billion |
| 2011 | $19.5 billion |
| 2012 | $22 billion |
| 2013 | $31 billion |
| 2014 | $33 billion |
| 2015 | $35.5 billion |
| 2016 | $40 billion |
| 2017 | $47.5 billion |
| 2018 | $50 billion |
| 2019 | $55.5 billion |
| 2020 | $48 billion |
| 2021 | $59 billion |
| 2022 | $82 billion |
| 2023 | $94.5 billion |
| 2024 | $96.3 billion |
emphasize
Here are some highlights from Michael Bloomberg’s career:
- Global Capital Market Outstanding Leadership Award (2003)
- Richard A. Cook Gold Medal
- 2012 Foursquare Mayor Shorty Special Award
- Lasker-Bloomberg Public Service Award (2009)
Michael Bloomberg’s Favorite Quotes
“Being an entrepreneur is more than just starting a business. It’s a way of looking at the world: seeing opportunities where others see obstacles, taking risks where others take refuge.” —Michael Bloomberg
“Don’t be afraid to assert yourself, have confidence in your abilities, and don’t let assholes get you down.” —Michael Bloomberg
“Progress is not inevitable, it is up to us to make it.” —Michael Bloomberg
“Entrepreneurship is having an idea to do something great, without a specific plan, but with the drive and willpower to make it happen.” – Michael Bloomberg
Michael Bloomberg’s 3 Rules for Success
Now that you know about Michael Bloomberg’s net worth and how he achieved his success, let’s look at some lessons we can learn from him:
1. Have faith
Always be confident in yourself and your abilities.
Stand up for yourself with pride and don’t let anyone bring you down because you know who you are and what you can do.
2. Focus on opportunities, not obstacles
Stay positive and focus on the opportunities available to you rather than the obstacles that are holding you back.
Don’t let negativity and obstacles stop you from being the best version of yourself.
3. We create our own progress
Progress is a way of life, but it is also a way of life you must choose to live in order to move forward and grow.
Progress is valuable, and if you do it right, it can change the world.
Frequently Asked Questions
How much is Michael Bloomberg worth?
Michael Bloomberg’s net worth is estimated at $96.3 billion.
How old is Michael Bloomberg?
Michael Bloomberg was born on February 14, 1942 and is 82 years old.
How tall is Michael Bloomberg?
Michael Bloomberg’s height is 1.70 meters, which is equivalent to 5 feet 7 inches.
Summary
Michael Bloomberg is one of the richest men in the world and he has earned a lot of his wealth through his companies.
Michael Bloomberg’s net worth is estimated at $96.3 billion.
What do you think about Michael Bloomberg’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn