Michael Bloomberg facts for kids

Kids Encyclopedia Facts
Michael Bloomberg
Michael Bloomberg in 2007
108th Mayor of New York City
In office
January 1, 2002 – December 31, 2013
Preceded by Rudy Giuliani
Succeeded by Bill de Blasio
Personal details
Born Michael Rubens Bloomberg
February 14, 1942 (1942-02-14) (age 76)
Boston, Massachusetts, U.S.
Political party Democratic Party (until 2001)
Republican Party (2001–2007)
Independent (2007–present)
Domestic partner Diana Taylor
Children Georgina Bloomberg
Emma Bloomberg
Residence Upper East Side, Manhattan, New York City, New York, U.S.
Alma mater Johns Hopkins University (BS)
Harvard University (MBA)
Occupation Businessman, politician, philanthropist
Religion Reform Judaism
Net worth Increase US$ 25 billion (2012)
Signature
Website MikeBloomberg.com

Michael Rubens Bloomberg (born February 14, 1942) is an American business magnate, politician and philanthropist. He was the 108th Mayor of New York City for three terms from 2002 to 2013. He has a net worth of $31 billion. He is the tenth-richest person in the United States. He is the thirteenth-richest person in the world. He is the founder and 88% owner of Bloomberg L.P..

Early life

Michael Bloomberg was born at St. Elizabeth's Hospital, in the Brighton neighborhood of Boston, on February 14, 1942. His family is Jewish. His father, William Henry Bloomberg (1906–1963), was a real estate agent and the son of Alexander "Elick" Bloomberg, an immigrant from Russia. His mother, Charlotte Rubens Bloomberg (January 2, 1909 – June 19, 2011), was a native of Jersey City, New Jersey. His maternal grandfather, Max Rubens, was an immigrant from present-day Belarus, then also part of Russia.

Business career

Bloomberg began his career at Salomon Brothers before forming his company in 1981 and became 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.

Mayor of New York City (2002-2013)

He was a Democrat before running for office. He 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 attacks. Bloomberg won a second term in 2005 and left the Republican Party two years later. He campaigned to change the city's term limits law and was elected to his third term in 2009 as an independent candidate on the Republican ballot line.

Post mayoral career

He was often mentioned as a possible candidate for the U.S. presidential elections in 2008 and 2012, and for New York Governor in 2010. He declined to seek either office, instead wanting to continue serving as Mayor of New York. On January 1, 2014, Bill de Blasio succeeded him as Mayor of New York City.

Bloomberg is co-chair with Tom Steyer and Henry Paulson for a report called Risky Business by a coalition of top U.S. political and economic leaders from the political left, right, and center on the dire economic consequences from climate change (global warming), from lost property to ruined crops.

Since May 2015, there has been speculation of Bloomberg possibly running for president in the 2016 U.S. presidential election. On January 10, 2016, Bloomberg showed interest in running as an Independent in the upcoming election. On March 7, 2016, Bloomberg said that he will not run for president lest it bring victory to Donald Trump or Ted Cruz.

Personal life

Bloomberg was married to Susan Brown from 1975 until they divorced in 1993. He is now in a domestic partnership with Diana Taylor since 2000. Bloomberg has two daughters with Brown.

Images for kids


Michael Bloomberg Facts for Kids. Kiddle Encyclopedia.