close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Who is Michael Bloomberg? A profile of expected Democratic contender for US presidential race

Michael Bloomberg is considering to run for the presidency for the elections in 2020 in the United States as per various reports. The 77-year-old billionaire has changed his political leanings multiple times over the years. 

So as the founder of media organisation Bloomberg is expected to run as a Democratic contender, a glimpse on one of US's richest men.  

 

 

Son of immigrant and secretary

The son of a Polish-immigrant bookkeeper and a secretary, Bloomberg was born on February 4, 1942 in Massachusetts, US. After completing his engineering, Bloomberg went to prestigious Harvard for MBA and took a job in Salomon Brothers. 

(Photograph:Others)

Climbing the ladder

Bloomberg quickly climbed the ladder and became a partner in the firm in 15 years. 
 

(Photograph:Others)

Starting own company

When Salomon was acquired by another firm, Bloomberg left the job and started Innovative Market Systems, a financial data-services company in 1982. 

(Photograph:Others)

Bloomberg LP came into existence

In 2002, the firm was renamed Bloomberg LP which became a global leader in financial data services. Bloomberg computer terminal, a comprehensive financial news and information source is the main source of revenue of the organisation. Bloomberg's other entities included the Bloomberg Business News wire service, news radio station WBBR in New York City, and Bloomberg Television.

(Photograph:Others)

Becoming mayor of New York

From a Democrat to a Republian to a Democrat, Bloomberg has shifted his political stance multiple times. He became the mayor of New York in 2001 as a Republican candidate. He got a second term in 2005 but in 2007, he resigned from the Republican. His last term as a mayor ended in 2013.
 

(Photograph:AFP)

Opponent of Trump

Bloomberg is one of critics of Donald Trump and in 2018 announced a $70 million program to help 20 cities tackle climate change. This program was launched a year after Trump pulled out of Paris climate change. 

(Photograph:AFP)

One of US's richest men

He is one of US's richest men and his political inclinations are towards Centre. He considers other Democratic presidential candidates Bernie Sanders and Elizabeth Warren's views as "too-left". As of September 2019, it was reported that Bloomberg's net worth was $56 billion.
 

(Photograph:AFP)