Michael Bloomberg life and biography

Michael Rubens Bloomberg is the current Mayor of New York City, and the 13th richest person in the United States, having net worth of $18.1 billion in 2011. He is the founder and 88% owner of Bloomberg L.P., a financial news and information services media company.

Michael Bloomberg succeeded Rudy Giuliani as mayor of New York City in 2002. Bloomberg graduated from Johns Hopkins University in 1964 with a bachelor's degree in electrical engineering, then earned an MBA from Harvard Business School in 1966. He was a general partner at Salomon Brothers when he was let go in 1981 (after a merger), and that same year he founded Innovative Market Systems (later Bloomberg LP). The new subscription service wired real-time financial data, research and news reports directly into dedicated terminals in business offices. As these "Bloomberg terminals" flourished, he expanded into television, radio, publishing and the Internet; Bloomberg News, launched in 1990, became a prominent financial news source. His successes made Bloomberg a billionaire and made his name synonymous with business information. He shifted gears in 2001 and ran for New York mayor as a Republican; he defeated Democrat Michael Green just two months after the attacks of 11 September 2001. Bloomberg was reelected in 2005 and again in 2009 (after the New York city council overturned a two-term mayoral limit). His 1997 autobiography was titled Bloomberg by Bloomberg.

He was a Democrat for many years before switching to the Republican party shortly before his run for mayor. In 2007 he left the Republican party and registered as an independent... He founded his business as Innovative Market Systems in 1981; it was renamed Bloomberg LP in 1986... Bloomberg was married to the former Susan Brown from 1975 until their divorce in 1993. They had two daughters, Emma (b. 1979) and Georgina (b. 1983)... Bloomberg Radio went on the air in 1993... Bloomberg TV went live on cable in 1994... Bloomberg.com went online in 1995.

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