"An Exclusive Look at Michael Bloomberg and Carl Pope's Book on Climate Change", "Hardcover Nonfiction Books Best Sellers", Michael Bloomberg: Why Im Giving $1.8 Billion for College Financial Aid, Ban Flavored E-Cigarettes to Protect Our Children, https://en.wikipedia.org/w/index.php?title=Michael_Bloomberg&oldid=1149920558, American chief executives in the media industry, American chief executives of financial services companies, American people of Belarusian-Jewish descent, American people of Russian-Jewish descent, Candidates in the 2020 United States presidential election, Honorary Knights Commander of the Order of the British Empire, Jewish mayors of places in the United States, Members of the American Philosophical Society, Jewish American people in New York (state) politics, Jewish American candidates for President of the United States, Special Envoys of the Secretary-General of the United Nations, Short description is different from Wikidata, Wikipedia pages semi-protected against vandalism, All Wikipedia articles written in American English, Articles with unsourced statements from October 2016, Creative Commons Attribution-ShareAlike License 3.0, Cofounding a $75million fund for nonprofits impacted by COVID-19 in New York City. . [71], Under the Bloomberg Administration, the New York City Police Department greatly expanded its stop and frisk program, with a sixfold increase in documented stops. Bloomberg spent the next twenty years as its chairman and CEO. CEO. [37] The company sold customized computer terminals that delivered real-time market data, financial calculations and other analytics to Wall Street firms. The joint effort worked to convince the business community of the need for more sustainable energy and development policies, by quantifying and publicizing the economic risks the United States faces from the impact of climate change. [citation needed], In the wake of the September 11 attacks, Bloomberg's administration made a successful bid to host the 2004 Republican National Convention. [273][274] Bloomberg has donated close to $1billion to the World Health Organization (WHO) to promote anti-smoking efforts, including $125million in 2006, $250million in 2008, and $360million, making Bloomberg Philanthropies the developing world's biggest funder of tobacco-control initiatives. [56], Bloomberg assumed office as the 108th mayor of New York City on January 1, 2002. [275] Bloomberg's contributions are aimed at "getting countries to monitor tobacco use, introduce strong tobacco-control laws, and create mass media campaigns to educate the public about the dangers of tobacco use. [244][245][246], As of 2019, Bloomberg has given more than $3.3billion to Johns Hopkins University, his alma mater,[247] making him "the most generous living donor to any education institution in the United States. 81. In Problem Dog he gives Skyler $274,000, which is his pay every two weeks after expenses, which she calculates to be $7,125,000 per year. He began his career at the securities brokerage Salomon Brothers before forming his own company in 1981. [137] By early October, Bloomberg had committed more than $100million to returning the House and Senate to Democratic power, fueling speculation about a presidential run in 2020. [163][164][165] This included tobacco control efforts (including an increase in the legal age to purchase tobacco products, a ban on smoking in indoor workplaces, and an increase in the cigarette tax);[165][166] the elimination of the use of artificial trans fats in restaurants;[165] and bans on all flavored tobacco and e-cigarette products including menthol flavors. Bloomberg created bicycle lanes, required chain restaurants to post calorie counts, and pedestrianized much of Times Square. [288][289][290], In 2009 Bloomberg met with other billionaires such as Warren Buffett, Bill Gates, Ted Turner and Oprah Winfrey to address issues ranging from the environment, health care and concerns over population growth. Musk's net worth more than tripled in 2020 thanks to Tesla stock's over 700% boost during the year, which was filled with profitable quarters, new vehicle . I and others have been posting his tweets for at least a couple of years now. [345][346] Bloomberg has written a number of op-eds in The New York Times about various issues, including an op-ed supporting state and local efforts to fight climate change (2017),[347] an op-ed about his donation of $1.8billion in financial aid for college students and support for need-blind admission policies (2018);[348] an op-ed supporting a ban on flavored e-cigarettes (2019);[349] and an op-ed supporting policies to reduce economic inequality (2020).[350]. Harlan Crow sits for a photograph at the Old Parkland estate offices in Dallas on Oct. 2, 2015. [97] On October 23, 2008, the city council voted 2922 in favor of extending the term limit to three consecutive four-year terms. "[240][241] In announcing the initiative, Bloomberg said "the American government may have pulled out of the Paris agreement, but American society remains committed to it. Bloomberg ranked the families with the richest fortunes across the globe together, they possess $1.4 trillion in wealth from retail industries, media conglomerates, agribusiness companies, tech. [185][186] Through the foundation, he donated or pledged $767million in 2018,[187][186][188] and more than $1 billion in 2019. ", "Life After B-School: 5 Very Different HBS Grads", "The 30 most successful Harvard Business School graduates of all time", "Bloomberg News reaches into British media for a new top editor", "How Michael Bloomberg Went From Bond Trader To Billionaire Media Mogul With One Incredible Machine", "City Will Help Retrain Laid-Off Wall Streeters", "Michael Bloomberg on How to Succeed in Business", "How Mike Bloomberg made his billions: a computer system you've probably never seen", "How the Bloomberg Terminal Made HistoryAnd Stays Ever Relevant", "Bloomberg's Team Calls His Crude Remarks on Women 'Wrong', "Mike Bloomberg made crass sexual remarks about women in the workplace as recently as 2014, according to a former executive", "Booklet of Mike Bloomberg's 'Wit and Wisdom' could haunt him during presidential bid: Critics", "CORRECTED-RPT-INSIGHT-The Lex Factor roils Dow Jones", "Michael Bloomberg to Return to Lead Bloomberg L.P.", "The 400 Richest Americans: #8 Michael Bloomberg", "Bloomberg returns to media company as CEO leaves", "Forbes Billionaires 2021: The Richest People in the World", "THE MAYORAL TRANSITION: OVERVIEW; Bloomberg Takes Oath as 108th Mayor of New York", "Bloomberg upsets critics by spending wealth to seek presidency", "The Mayor's Legacy: Educational Improvements and Poverty Reduction, Or Bold Budgeting and Economic Development? Are you sure you want educated response from me?. Wexner is the founder of L Brands, the former co-owner of around 2,700 women's apparel and beauty stores. This trend is exaggerated . Forbes lists Kwok and his brother Walter Kwok's net worth at $16.5 billion as of . [2] Since signing The Giving Pledge, Bloomberg has given away $8.2billion to philanthropic causes. Instead, he encouraged the Democratic Party to "nominate a Democrat who will be in the strongest position to defeat Donald Trump". After a brief stint as a full-time philanthropist, he re-assumed the position of CEO at Bloomberg L.P. by the end of 2014. Net Worth. [306][307], Bloomberg stated that during his mayoralty, he rode the New York City Subway on a daily basis, particularly in the commute from his 79th Street home to his office at City Hall. Name. At the national level, Bloomberg has consistently pushed for transitioning the United States' energy mix from fossil fuels to clean energy. [217] He serves as the president of the board of C40 Cities. Bloomberg suspended his campaign on March 4, 2020, after a disappointing Super Tuesday in which he won only American Samoa, and subsequently endorsed Biden. The world's 12 wealthiest people got richer by $36 billion in a day - and have now gained $264 billion in net worth this year. [300][301] On various occasions, Bloomberg allegedly commented "I'd do her", regarding certain women, some of whom were coworkers or employees. In late 2004 or early 2005, Bloomberg gave the Independence Party of New York $250,000 to fund a phone bank seeking to recruit volunteers for his re-election campaign. Now He's Apologizing", "Meet the Journalist Who Exposed Bloomberg's Racist Defense of Targeting Black & Brown Youth", "Bloomberg Proposes $5 Trillion in Taxes on the Rich and Corporations", "Bloomberg's new plan to crack down on Wall Street includes financial transactions tax", "More Than Half of America's 100 Richest People Exploit Special Trusts to Avoid Estate Taxes", "Michael Bloomberg Tops Philanthropy 50 as Records for Billion-Dollar Giving Are Set", "Conservative Billionaire Richard Scaife Tops List of 50 Biggest Donors", "2019 Annual Report | Bloomberg Philanthropies", In a Year of Record-Breaking Giving, Bloomberg Tops Philanthropy 50 Rankings, "Bloomberg Is Quietly Ending a Charitable Program", "Bloomberg Family Foundation to Support Arts", "Mayor Bloomberg rivals Gates for charity gifts: Donated $254M in 2009", "Micahel Bloomberg Wall Street data pioneer and x-NYC Mayor", "Broad, Bloomberg Back Buffett Call for Billionaire Donations", "Michael Bloomberg, Jon Stryker Donate To $75 Million COVID-19 Fund For New York City Nonprofits", "Michael Bloomberg Gives $6 Million to World Central Kitchen", "Johns Hopkins launches free course to train Covid-19 contact tracers worldwide", "Bloomberg Philanthropies, State of Maryland fund Johns Hopkins Univ. Year. ", "Invisible no more: How advising programs are finding new talent for top colleges", "Michael Bloomberg Gives $50 Million to Museum of Science, Boston", "Michael Bloomberg Donates $50M to Boston Museum of Science", "Museum of Science changed Michael Bloomberg's life. Who always does what's best for him or her, even when it hurts the company, and whose reckless decisions put you in danger, and who spends more time tweeting than working? That makes him one of the world's richest people, in charge of a hugely influential company bearing his name. He made his billions from the company he found "Bloomberg L.P", and he currently works as its chief executive officer. The businessman and politician is worth a staggering $65.2 billion, according to Forbes' real-time net worth tracker, making him the 8th richest person in the world. $94.5 B. [248] He made his first $1million commitment to JHU in 1984, and subsequently became the first individual to exceed $1billion in lifetime donations to a single U.S. institution of higher education. [219] In 2018, Bloomberg joined Ray Dalio in announcing a commitment of $185million towards protecting the oceans. [215], Since 2010, Bloomberg has taken an increasingly global role on environmental issues. In November 2019, Bloomberg officially launched his campaign for the Democratic nomination for president of the United States in the 2020 election. That being said, Pence sure has fared better than President Jimmy Carter's co-pilot, Walter Mondale, who had a net worth of only $15,000. ", "Mayor Bloomberg gets ride on No. Walter P.J. [73][74] Bloomberg's administration appealed the ruling; however, his successor, Mayor Bill de Blasio, dropped the appeal and allowed the ruling to take effect. [243], In May 2019, Bloomberg announced a 2020 Midwestern Collegiate Climate Summit in Washington University in St. Louis with the aim to bring together leaders from Midwestern universities, local government and the private sector to reduce climate impacts in the region. First elected in 2001, he held office for three consecutive terms, winning re-election in 2005 and 2009. [213], In 2013, Bloomberg and Bloomberg Philanthropies launched the Risky Business initiative with former Treasury Secretary Hank Paulson and hedge-fund billionaire Tom Steyer. [109], On September 13, 2013, Bloomberg announced that he would not endorse any of the candidates to succeed him. He spent $73million of his own money on his campaign, outspending Green five to one. [274] In 2013, it was reported that Bloomberg had donated $109.24million in 556 grants and 61 countries to campaigns against tobacco. [268][269][270][271], In March 2021, Bloomberg gave Harvard $150million to create the Bloomberg Center for Cities to support mayors. [177][178][176] He advocates reversing many of the Trump tax cuts. He was getting this money every two weeks and had been for some time. [277], In 2016, the World Health Organization appointed Bloomberg as its Global Ambassador for Noncommunicable Diseases. What is known, however, is that he is a finance expert who posts regularly about markets and economics. Bloomberg's net worth is $94.5 billion, according to Stacker's list, which is based on data from Forbes.Bloomberg made his money as founder of Bloomberg LP, a financial and business news company. [303][304] In 2015, he acquired 4 Cheyne Walk, a historical property in Cheyne Walk, Chelsea, London, which once belonged to writer George Eliot. Walter Oil & Gas Corporation operates as an oil and gas company. 1. Mark Zuckerberg. [251] In 2018, Bloomberg contributed a further gift of $1.8billion to Johns Hopkins, allowing the university to practice need-blind admission and meet the full financial need of admitted students. [110][111] On his radio show, he stated, "I don't want to do anything that complicates it for the next mayor. Paul Wahlberg comes in third with an estimated net worth of $10 million. Who Are Brazil's Top Billionaires? [163] He advocates for a public health insurance option that he has called "Medicare for all for people that are uncovered" rather than a universal single-payer healthcare system. He also had a huge campaign spending advantage. [133][134][135] Bloomberg warned of the dangers a Donald Trump presidency would pose. He is followed by Donnie Wahlberg, with a net worth of $25 million. 2021. The highest ranking includes only two people: Jeff Bezos and Bill Gates. [19][20][21] He graduated from Medford High School in 1960. [218] In January 2014, Bloomberg began a five-year commitment totaling $53million through Bloomberg Philanthropies to the Vibrant Oceans Initiative. [55] Currently, Bloomberg's net worth is estimated at $59billion, ranking him 20th on Forbes' list of billionaires. [69] This went into effect in July 2008 and has since been adopted in many other cities and countries. [209] Austria closed its final coal-fired plant in April 2020. [138] On October 10, 2018, Bloomberg announced that he had returned to the Democratic party. The initiative supports state-based solutions aimed at ensuring America has a clean, reliable, and affordable energy system. Benjamin has earned a good amount from his medical career but due to his secretive nature, the exact figure is still a mystery. [57] He won re-election in 2005 and again in 2009. [84], Former Bronx Borough President Fernando Ferrer won the Democratic nomination to oppose Bloomberg in the general election. According to Chronicle of Philanthropy, he gave away the most money of any philanthropist in 2019. In November 2019, Bloomberg apologized for supporting it. [17], The family lived in Allston until Bloomberg was two years old, followed by Brookline, Massachusetts, for two years, finally settling in the Boston suburb of Medford, Massachusetts, where he lived until after he graduated from college. [272], Bloomberg has been a longtime donor to global tobacco control efforts. [3], As the mayor of New York, Bloomberg established public charter schools, rebuilt urban infrastructure, and supported gun control, public health initiatives, and environmental protections. Bloomberg advisor Howard Wolfson was chosen to lead the effort, which was to target mainly suburban districts. "[112], Bloomberg praised The New York Times for its endorsement of Christine Quinn and Joe Lhota as their favorite candidates in the Democratic and Republican primaries, respectively. [108] Haggerty also spent money from a separate $200,000 donation from Bloomberg on office space. $0. Details about the calculations are provided in the net worth analysis on each billionaire's profile page.. The terminal, first called the Market Master terminal, was released to market in December 1982. Warren Buffett Net Worth: $65.5B Source of wealth: Berkshire.