Michael Bloomberg Net Worth

Michael Bloomberg is the founder, CEO, and majority owner of Bloomberg LP, the global financial data and media company that revolutionized how the world's financial professionals access information. After being let go from Salomon Brothers in 1981 with a $10 million severance, Bloomberg used the money to found Innovative Market Systems, which developed the Bloomberg Terminal — a groundbreaking computer system that gave traders and analysts instant access to real-time financial data, analytics, and news. The terminal became the indispensable tool of Wall Street and the global financial industry.

Bloomberg LP has grown from that single product into a vast media and information empire encompassing Bloomberg News, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, and Bloomberg Opinion. The Bloomberg Terminal remains the company's core product, used by over 325,000 professionals in finance, and the company generates over $12 billion in annual revenue. Bloomberg's combination of technology innovation, data excellence, and journalistic integrity created an entirely new category in financial information services.

Beyond business, Bloomberg served three terms as Mayor of New York City, earning widespread acclaim for his data-driven governance, public health initiatives, and urban development programs. His philanthropic organization, Bloomberg Philanthropies, has given away over $17 billion to causes including public health, climate change, education, and gun safety. He is one of the most generous philanthropists in American history, and his giving focuses on solving problems through data, evidence, and innovation.