Bloomberg LP is a famous New York Media and computer software Company. With its successes, this company must be familiar to you. Michael Bloomberg is the founder and the man behind this company. Michael Bloomberg is a famous American politician, engineer, philanthropist, author, and entrepreneur. He is best known for formerly serving as the 108th New York’s Mayor for almost a decade. To find out more about this successful American celebrity, continue reading through this article. It will also highlight the net worth of Michael Bloomberg in 2018. Read on!
Early Life & Biography
Michael Rubens Bloomberg was born to a Jewish father and mother. He came into this world in 1942, 14th February. He is the son of William Henry Bloomberg and Charlotte Bloomberg. His place of birth is the St Elizabeth Hospital located in Boston. Henry worked as a dairy company’s accountant. His grandfather, Alexander Bloomberg was Russian and has a department in Harvard School named in honor of him. He first lived in Allston for his first two years after birth. The family later moved to Brookline. After two years, they settled in Medford.
During his early years, he was an active member of scout and attained the highest rank, Eagle Scout. Michael went to Johns Hopkins University to study for a bachelor’s degree in Electrical Engineering. He graduated from the school in 1964. Two years later after joined Harvard University he attained a Master’s in Business Administration.
Michael Bloomberg tied the knot with Susan Elizabeth Barbara Brown in 1975. The couple sired two lovely girls, Georgina Bloomberg and Emma. The two ended their marriage in 1993 but are excellent friends. In 2010, Michael moved in with Diana Taylor, a banking superintendent. His elder daughter Emma is the current wife of billionaire Mark Frissora’s son, Christopher Frissora.
Career, Awards & Nominations
Michael Bloomberg career as a businessman shone in 1973 when he became a partner in the famous Salomon Brothers. After the purchase of this company, Michael remained at $10 million. With this cash, he founded the Innovative Market Systems. His first customer was Merrill Lynch in 1982. Five years later, it graduated to Bloomberg LP. In the following years, the company launched the Bloomberg Tradebook, News, and Message.
In 2015, his company had more than 300, 000 subscribers in the world. The company currently has a radio network running in New York. He later wrote an autobiography, Bloomberg by Bloomberg which became a best-selling book. Now, he is still the CEO of Bloomberg LP.
Michael became the mayor of New York in 2002. He ran the office for three consecutive terms. During his terms as the mayor, he reformed multiple issues in New York. Bloomberg is also a focused philanthropist who has helped many people in the world. He is the current leader of Bloomberg Philanthropies.
Net Worth & Earnings
What would you expect to be the net worth of one of the wealthiest men in the world? Michael Bloomberg net worth is $53 billion. This net worth has been amassed from his company, Bloomberg LP, his political career and writing books. He is the current CEO of the Bloomberg LP which is his most significant source of popularity and net worth. Michael owns over 13 properties worldwide and has several mansions under his name.
Sometimes things never work out the way we want them to happen. Michael Bloomberg first lost his partnership with the Salomon Brothers after the company was sold. With the millions he had profited, Bloomberg started his company which became one of the most successful businesses in the world. His story teaches people to have a positive and winning mind despite what they face in life.