Michael Bloomberg Net Worth 2018

Michael Bloomberg is not a new name to us. He recently declined to run as a third-party candidate in the just concluded 2016 United States presidential election. Apart from being a politician, he is a philanthropist and a businessman whose net worth status of that of a billionaire. On numerous times he has been making appearances on the top 10 richest persons in the world list, and as of today, he is the 10th wealthiest person in the world and also the 7th richest in America.

Bloomberg net worth has been as a result of his company Bloomberg L.P which deals with software’s, global financial services and mass media among other businesses. With a billionaire status let’s get to find out the actual Michael Bloomberg net worth in 2018 and also highlight a few things or facts you probably don’t know about billionaire Michael Bloomberg.

Early Life

Michael Bloomberg Net Worth 2019

Michael Bloomberg is the son of William Henry Bloomberg and Charlotte Bloomberg. He was born in 1942 in Boston where he grew up in a Jewish family. Bloomberg went for his studies at Johns Hopkins University where he graduated with a degree in B.S in Electrical Engineering then furthered his education with a master of Business Administration from Harvard Business School.

Personal Life

Bloomberg was a husband to Susan Elizabeth Barbara Brown before they divorced in 1993. Susan and Bloomberg had two daughters Georgina and Emma. He is also a licensed commercial pilot and resides in Bermuda.

Career

Bloomberg started off by partnering with Solomon Brothers investment bank which was later sold to Phibro Corporation, and he got his $10 million. With the money, Bloomberg opened Innovative Market Systems and later after partnering with Merrill Lynch the company was renamed Bloomberg L.P in 1987. Today the company deals with products such as mass media, Bloomberg Terminal, Computer software, financial services, among other services. Bloomberg became the CEO of the company until 2015 where he left to pursue his political ambitions.

In 2001 Bloomberg became the mayor of New York under a Republican Ticket until 2005 when there was another election where he was re-elected a mayor. His third term bid really generated a lot of controversies since a mayor was just allowed two terms in office but the City Council voted 29-22 in favor of his extension. He ran for the third term regardless and won and in 2014 de Blasio became New York City Mayor replacing him.

In 2008 Michael Bloomberg was widely speculated that he would run for the highest office in the land that’s the president seat but he didn’t. Other seats where rumors have emerged that Bloomberg might be involved in are New York Governor, 2016 elections there were rumors that he was considering a presidential run under an independent umbrella although he didn’t. In 2016 elections Bloomberg endorsed Hillary Clinton as the Democrat candidate.

On Awards and Achievements: Received by Michael Bloomberg he has been awarded an honorary degree in Public service from Tufts University, awarded with the honorary degree of Doctor of Humane Letters, from Bard College and Fordham University. He has also won Gotham Awards, received Healthy Communities Leadership Award, and named one of the most influential people in the world today.

Net Worth, Salary & Income

Michael Bloomberg net worth stands at $50.3 billion. He is the seventh richest person in the U.S and also makes an appearance on the top 10 richest people in the world. The source of Michael Bloomberg net worth is his political career where he served as a mayor for New York for 12 years. Another source of Michael Bloomberg is his sales under his Umbrella company Bloomberg L.P which deals on software making, financial software tools, Bloomberg Terminal, Bloomberg News, Bloomberg Television, WBBR Radio station, digital websites, and magazines. Its reported that the company has annual revenue of more than $10 billion.

6 Facts You Need To Know About Michael Bloomberg

The name of the former mayor of New York is probably not so new to us, and perhaps you have heard it in the news channel, on the list of the world richest or just on politics considering he was thought to run for the top seat of the president of United States, but he didn’t. Here are some interesting facts about Michael Bloomberg you probably don’t know.

1. He usually celebrates Valentine’s Day because that’s when he was born it’s his birthday.

2. When he was in college, he used to work as a parking lot attendant so that he could pay his rent.

3. When he was a mayor, his salary was $1 only a year.

4. As the mayor, New York became the first city in America to force restaurants to comply with implementing calorie counts on menus and ban trans fats.

5. He has been Knighted by Queen Elizabeth.

6. He owns ten residences some located in Colorado, Bermuda, London, Manhattan and other places.

Michael Bloomberg worth has always been a subject of discussion considering he is a billionaire and among the top 10 wealthiest people in the world. Let’s hold tight and see if he is interested in the presidency.

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