who is michael bloomberg 
michael bloomberg is a billionaire businessman publisher philanthropist and a former three term mayor of new york city the founder and owner of bloomberg lp he is one of the wealthiest people in the world with an estimated net worth of 82 billion as of june 23 2022 according to forbes 1 on nov 24 2019 bloomberg entered the 2020 race for president of the united states as a democrat but in march 2020 he suspended his campaign and backed president joseph biden 23bloomberg is the founder and owner of bloomberg lp a financial data and media company he currently owns 88 of the company 4alison czinkota investopediaearly years and educationbloomberg was born on feb 14 1942 in boston and grew up in nearby medford massachusetts he earned an undergraduate degree in electrical engineering from johns hopkins university in 1964 he paid his tuition by working as a parking lot attendant and taking out loans he earned an mba from harvard business school in 1966 5bloomberg began his career in financial services in 1966 at the now defunct wall street investment bank salomon brothers where his first job was counting bonds and stock certificates in the bank s vault he moved up to bond trading becoming a partner in 1972 and a general partner in 1976 5in 1979 salomon brothers moved him from his position of head of equity trading and sales to run information systems this was apparently a demotion but it put bloomberg in charge of the department that implemented computer technology when the company was acquired by the commodity trading firm phibro in 1981 bloomberg received a 10 million severance package 6bloomberg lpbloomberg used the windfall to found a company called innovative market solutions that used the latest information systems technology to provide traders with data on u s treasury bond prices merrill lynch became a major client and investor in 1982 this company grew into what is today bloomberg lp a financial data and media company headquartered in new york city with offices in 100 cities around the world 56bloomberg lp recorded 11 billion in revenue in 2022 7 the company operates data terminals used throughout the financial services industry it also includes the business news cable channel bloomberg television bloomberg radio and a monthly magazine bloomberg markets businessweek magazine was purchased by michael bloomberg s company in 2009 and was renamed bloomberg businessweek 8michael bloomberg is a strong supporter of gun control and founded the nonprofit everytown for gun safety during the 2020 election this group donated millions of dollars for digital advertising to help support candidates who campaigned for stronger gun laws in america 910bloomberg s political lifebefore entering politics bloomberg was a democrat he switched to the republican party in order to run for mayor of new york city he won his first term as mayor weeks after the sept 11 2001 terrorist attacks on new york he won a second term in 2005 after successfully engineering a change in the city s term limits law he was elected to a third term this time as an independent candidate in 2009 5during his time as mayor bloomberg focused on improving the city s troubled public school system and revitalizing its former industrial areas he was among the first american politicians to force limits on smoking implementing a citywide smoking ban in indoor offices and restaurants he gained nationwide ridicule from conservatives for attempting to restrict the size of sugary sodas sold in new york city 11bloomberg was criticized for being out of touch with his everyday constituents and the media reported that the wealth gap in new york city grew during his time as mayor the bloomberg administration was also criticized for its stop and frisk policy which many complained unfairly targeted the black and latinx populations in the city 12bloomberg s post mayoral politicsbloomberg moved to the independent party while still serving as mayor of new york politically he is seen as fiscally conservative but socially liberal which is a mix is more often seen in new york city than elsewhere in the 2016 election bloomberg endorsed democratic party candidate hillary clinton over republican candidate donald trump 13 he denounced republicans in congress as absolutely feckless for failing to exercise oversight of president trump in 2018 bloomberg donated 80 million to congressional candidates with all but a fraction of that total going to democratic or liberal candidates 14 his goal in making those donations was to help democrats gain a majority in the house of representatives i ve never thought that the public is well served when one party is entirely out of power and i think the past year and a half has been evidence of that bloomberg stated 15bloomberg has been an active proponent of gun control he was one of 15 american mayors who founded an advocacy group everytown for gun safety in 2006 to press for reform of gun laws 16 he has also made substantial donations to environmental organizations and as mayor of new york pressed for clean energy policies presidential candidateon nov 24 2019 michael bloomberg entered the 2020 race for the u s presidency as a democrat 3 he self funded his campaign and reported to the federal election commission he had spent over 1 billion 17in his campaign statement bloomberg aimed at president trump as his motivation for running he wrote i m running for president to defeat donald trump and rebuild america we cannot afford four more years of president trump s reckless and unethical actions he represents an existential threat to our country and our values if he wins another term in office we may never recover from the damage 18bloomberg dropped out of the presidential race on march 4 2020 after a poor showing on super tuesday 19bloomberg and the united nationsas of february 2021 michael bloomberg serves as secretary general s special envoy for climate ambition and solutions this is his third special envoy role and within it bloomberg supports the secretary general of the united nations by helping to strengthen and grow the coalition of companies government officials on a local and national level plus global financial institutions that are committing to net zero before the year 2050 bloomberg works alongside the private sector civil society workers and government officials worldwide to help create a global clean energy economy 20philanthropyas a philanthropist he and his charitable foundation bloomberg philanthropies have donated an estimated total of 11 1 billion primarily to five main focus areas the arts education the environment public health and government innovation 21