Michael R. Bloomberg
Full Name and Common Aliases
Michael Rubens Bloomberg
Birth and Death Dates
Born on February 14, 1942; still alive.
Nationality and Profession(s)
American businessman, philanthropist, author, and the founder of Bloomberg LP. He is also a three-term mayor of New York City (2002-2013).
Early Life and Background
Michael R. Bloomberg was born in Boston, Massachusetts, to William Henry Bloomberg, an accountant, and Charlotte "Dorothy" Rubens. His father was Jewish, while his mother had German Protestant ancestry. Bloomberg has stated that he grew up in a relatively low-income household but eventually became one of the wealthiest individuals in the world.
Growing up in Medford, Massachusetts, Bloomberg was an average student at Medford High School and developed an interest in math and science. He attended Johns Hopkins University, where he studied electrical engineering and physics, graduating in 1964. After college, he worked for several years as a securities trader before earning his MBA from Harvard Business School.
Major Accomplishments
Michael Bloomberg's business career spans over four decades. In the late 1970s, he co-founded Salomon Brothers' commodity division, which eventually became part of Merrill Lynch. However, he left in 1981 to establish his own company, Innovative Market Systems (later renamed Bloomberg LP).
Bloomberg LP revolutionized financial markets with its real-time data and analytical tools, becoming the go-to platform for professionals worldwide. The company's impact was immense, allowing investors and traders to make more informed decisions.
In 2001, Bloomberg purchased the Financial News Network (FNN), renaming it Bloomberg Television in 1994. This expansion further solidified his presence in global finance and media.
Notable Works or Actions
As mayor of New York City from 2002 to 2013, Michael Bloomberg implemented several initiatives aimed at improving public health and safety:
1. Ban on smoking: He introduced a comprehensive ban on smoking in all workplaces in New York City.
2. Soda tax: In an effort to combat obesity, he proposed a "soda tax" (or sugar-sweetened beverage tax) to discourage consumption of unhealthy drinks.
3. Gun control: Bloomberg advocated for stricter gun laws and supported legislation aimed at reducing gun violence.
Impact and Legacy
Michael R. Bloomberg's impact on global finance is undeniable. His innovative approach to data analysis transformed the way investors make decisions, earning him a reputation as a visionary in his field. As mayor of New York City, he implemented policies that had far-reaching effects on public health and safety.
Bloomberg has also made significant contributions through philanthropy, donating billions to various causes, including education, healthcare, and environmental initiatives.
Why They Are Widely Quoted or Remembered
Michael Bloomberg's influence extends beyond his business and civic endeavors. His quotes often appear in media outlets worldwide due to their thought-provoking nature and relevance to current events. He has been quoted on issues such as climate change, economic inequality, and the need for effective leadership.
Throughout his career, Michael R. Bloomberg has consistently demonstrated a commitment to innovation and public service, solidifying his position as one of the most influential figures in modern history.
Quotes by Michael R. Bloomberg
Michael R. Bloomberg's insights on:
It's two people dead and, fortunately, we had a very heroic police officer, Richard Burt, who probably saved an awful lot of lives,
It is very different being an analyst in Washington looking at data as opposed to being here in New York, where you have to take responsibility to protect people's lives,
It wasn't easy. Certainly serious economic harm was inflicted. But we did what we had to do to keep the city running and running safely.
There was no reason for a runoff and I'm just glad we don't have to have one,
Although I understand Governor Pataki's decision, I am disappointed that we were not able to find a way to reconcile the freedoms we hold so dear with the sanctity of the site.
Although I understand Gov. Pataki's decision, I am disappointed that we were not able to find a way to reconcile the freedoms we hold so dear with the sanctity of the site,
Although we are proud to be the host city of the United Nations, one thing we simply cannot afford is to be taken advantage of by our guests, especially considering our fiscal condition,
They understand that when New York was hit, the rest of the world responded, ... We were not forgotten by the rest of this country and we understand we have an obligation, and we're happy to do it.
They were designed to be parallel to the course rather than perpendicular, so that ropes won't catch on them, ... And in fact one did - and if the video shows what happened, it'll make the investigation a lot easier.