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Bloomberg was born in the Brighton district of Boston on February 14, 1942, to William Henry Bloomberg (1906–1963), a bookkeeper for a dairy business, and Charlotte (née Rubens) Bloomberg (1909–2011). William Henry’s name was given to the Bloomberg Center at Harvard Business School. Bloomberg’s family is Jewish, and he attends Manhattan’s Temple Emanu-El. Rabbi Alexander “Elick” Bloomberg, Bloomberg’s paternal grandfather, was a Polish Jew. Bloomberg’s maternal grandpa, Max Rubens, was a Lithuanian Jewish immigrant from what is now Belarus, and his maternal grandmother was born to Lithuanian Jewish parents in New York. Bloomberg was born in the Brighton district of Boston on February 14, 1942, to William Henry Bloomberg (1906–1963), a bookkeeper for a dairy business, and Charlotte (née Rubens) Bloomberg (1909–2011). William Henry’s name was given to the Bloomberg Center at Harvard Business School. Bloomberg’s family is Jewish, and he attends Manhattan’s Temple Emanu-El. Rabbi Alexander “Elick” Bloomberg, Bloomberg’s paternal grandfather, was a Polish Jew. Bloomberg’s maternal grandpa, Max Rubens, was a Lithuanian Jewish immigrant from what is now Belarus, and his maternal grandmother was born to Lithuanian Jewish parents in New York.
In 1973, Bloomberg joined Salomon Brothers, a prominent Wall Street investment bank, as a general partner, where he oversaw stock trading and, subsequently, systems development. In 1981, Phibro Corporation purchased Salomon Brothers, and the new management dismissed Bloomberg after paying him $10 million for his stock. Bloomberg used this money to start Innovative Market Systems (IMS), a data services company based on his belief that Wall Street would pay a premium for high-quality business information delivered instantly on computer terminals in a variety of usable formats. Bloomberg had designed in-house computerised financial systems for Salomon. The company provided Wall Street firms with customised computer terminals that provided real-time market data, financial computations, and other analytics. The terminal, formerly known as the Market Master terminal, was initially shown to the public in December 1982.
The firm was renamed Bloomberg L.P. in 1986. Bloomberg News, Bloomberg Radio, Bloomberg Message, and Bloomberg Tradebook are just a few of the auxiliary products that have been created throughout the years. In 2018, Bloomberg, L.P. generated roughly $10 billion in revenue. As of 2019, the firm has over 325,000 terminal subscribers and employs 20,000 workers at hundreds of locations across the world. Bloomberg’s fortune was reported to be $16 billion in March 2009, up $4.5 billion from the previous year and the world’s largest rise in wealth from 2008 to 2009. In barely two years, Bloomberg rose from 142nd to 17th place on Forbes’ list of the world’s billionaires. He was the ninth-richest individual on the Forbes list of the world’s billionaires in 2019, with a net worth of $55.5 billion. On January 1, 2002, Bloomberg was sworn in as the 108th mayor of New York City. In 2005, he was re-elected, and in 2009, he was re-elected again. He struggled at first as mayor, with approval ratings as low as 24%; nevertheless, he eventually developed and sustained strong popularity ratings. In the largely Democratic metropolis, Bloomberg was re-elected with Republican mayors Rudy Giuliani, John Lindsay, and Fiorello La Guardia. Bloomberg claimed that he intended public school reform to be his first term’s legacy, and poverty alleviation to be his second term’s legacy.
In November 2005, Bloomberg was re-elected mayor by a 20 percent margin, the largest margin ever for a Republican mayor of New York City. He spent over $78 million on his campaign, surpassing his previous high of $74 million in the previous election. Bloomberg paid the Independence Party of New York $250,000 in late 2004 or early 2005 to establish a phone bank to recruit volunteers for his re-election campaign. The confirmation of John Roberts as Chief Justice of the United States was opposed by Bloomberg. Bloomberg, an outspoken advocate of abortion rights, doubted Roberts’ commitment to upholding Roe v. Wade. Bloomberg promised $80 million in June 2018 to assist Democratic congressional candidates in the 2018 election, with the objective of switching the Republican-controlled House of Representatives to the Democrats. Bloomberg claimed Republican House leadership was “extremely irresponsible” and had failed to rule properly in a statement. Howard Wolfson, a Bloomberg associate, was picked to oversee the campaign, which was aimed mostly at suburban districts. Bloomberg had pledged more than $100 million to restoring Democratic control of the House and Senate by early October, stoking talk of a presidential candidacy in 2020. Bloomberg declared his comeback to the Democratic Party on October 10, 2018. Bloomberg stated on March 5, 2019, that he will not run for president in 2020. Rather, he urged Democrats to “nominate a Democrat who would be in the best position to beat Donald Trump.” Bloomberg, though, changed his mind owing to his displeasure with the Democratic field. On November 24, 2019, he formally began his candidacy for the Democratic presidential nomination in 2020. Bloomberg supported his campaign entirely with his own money and refused to take campaign contributions.
Personal Profile of Michael Bloomberg
- Name: Michael Bloomberg
- Date of Birth: 14 February 1942
- Age: 79 years
- Birth Sign: Aquarius
- Nationality: American
- Parents: William Henry Bloomberg, Charlotte Rubens Bloomberg
- Siblings: Marjorie Tiven
- Birth Place/City: Brighton, Boston, Massachusetts, United States
- Profession: Businessman, Author & Politician
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