Michael Rubens Bloomberg (born February 14, 1942) is an American business magnate, politician, and philanthropist. He served as the 108th Mayor of New York City, holding office for three consecutive terms beginning with his first election in 2001.
With a net worth of $36.5 billion, he is the 10th richest person in the United States and the 13th wealthiest in the world.
He is the founder, CEO and owner of Bloomberg L.P., the global financial data and media company that bears his name and is notable for its Bloomberg Terminal, which is widely used by investment professionals around the world.
Bloomberg began his career at the securities brokerage Salomon Brothers before forming his company in 1981 and spending the next twenty years as its chairman and CEO. He also served as chairman of the board of trustees at his alma mater Johns Hopkins University from 1996 to 2002. A Democrat before seeking elective office, Bloomberg switched his party registration in 2001 to run for mayor as a Republican. He defeated opponent Mark Green in a close election held just weeks after the September 11 terrorist attacks. Bloomberg won a second term in 2005 and left the Republican Party two years later. He campaigned to weaken the city's term limits law and was elected to his third term in 2009 as an independent candidate on the Republican ballot line.
He was frequently mentioned as a possible candidate for the U.S. presidential elections in 2008, 2012, and 2016 and for New York Governor in 2010. He declined to seek either office, instead opting to continue serving as Mayor of New York. On January 1, 2014, Bill de Blasio succeeded Bloomberg as mayor of New York City. On September 3, 2014, after a brief stint as a full-time philanthropist, it was announced that Bloomberg would return to Bloomberg L.P. and re-assume the position of CEO at the end of 2014.
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