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[281][282] He donated $3 million to the construction of a new public library in his hometown of Medford[283] and $75million for The Shed, a new arts and cultural center in Hudson Yards, Manhattan. [237] Bloomberg offered up to $15million to the UNFCCC, the UN body that assists countries with climate change efforts. (Under New York's fusion rules, a candidate can run on more than one party's line and combine all the votes received.) [3], As the mayor of New York, Bloomberg established public charter schools, rebuilt urban infrastructure, and supported gun control, public health initiatives, and environmental protections. Although New York City's campaign finance law restricts the amount of contributions that a candidate can accept, Bloomberg chose not to use public funds and therefore his campaign was not subject to these restrictions. In 2019, Brazilian-Lebanese banker Joseph Safra had a fortune worth more than $23.8 billion and was thus the richest person in the country. ", "Bloomberg Vows to Work at Center of Things", "Bloomberg presents a balanced budget, with moving parts", "The mayor's affordable housing optimism", "City will reach 160,000 units of affordable housing by year's end under New Housing Marketplace Plan", "Blocks; Capturing the Spirit of 1776, but With a Different Number", "Young Men's Initiative to Aid Young Black and Latino Males", "Liberal Piety and the Memory of 9/11; The enlightened class can't understand why the public is uneasy about the Ground Zero mosque", "New York's stop-and-frisk trial comes to a close with landmark ruling", "New York's stop-and-frisk policy is unconstitutional, judge rules", "Departing Judge Offers Blunt Defense of Ruling in Stop-and-Frisk Case", "Factsheet: The NYPD Muslim Surveillance Program", "Surveillance unit produced no terrorism leads, NYPD says", "The 2001 Elections: Strategy; As Democrats Bicker, Bloomberg Era Begins", "Mike's Wrong, Campaign Fixes Make Sense", "Bloomberg Makes City's Bid For 2004 G.O.P. [159][160][161] In 2004, he endorsed the re-election of George W. Bush and spoke at the 2004 Republican National Convention. Walter helped found the firm in the late 1990s after he folded his. "[170] Bloomberg supports gun-control measures, abortion rights, same-sex marriage, and a pathway to citizenship for illegal immigrants. [148] He spent $676million of his personal fortune on the primary campaign, breaking a record for the most money ever spent on a presidential primary campaign. [311], Bloomberg is a private pilot. [243], In May 2019, Bloomberg announced a 2020 Midwestern Collegiate Climate Summit in Washington University in St. Louis with the aim to bring together leaders from Midwestern universities, local government and the private sector to reduce climate impacts in the region. [278][279][280], Through Bloomberg Philanthropies, Bloomberg supported the Fresh Air Fund's creation of 'Open Spaces in the City' in summer 2020 to provide socially-distant areas for kids to play during the COVID-19 pandemic, as well as jobs for local teens. I'm certified technical analyst with masters in engineering and economics. [95] In exchange, he was promised a seat on an influential city board by Bloomberg. He said Trump "wants you to believe that we can solve our biggest problems by deporting Mexicans and shutting out Muslims. [232][233][234] The Summit concluded with the presentation of the Paris Declaration, a pledge by leaders from assembled global cities to cut carbon emissions by 3.7 gigatons annually by 2030. [137] By early October, Bloomberg had committed more than $100million to returning the House and Senate to Democratic power, fueling speculation about a presidential run in 2020. [231] which convened assembled hundreds of city leaders from around the world at Paris City Hall to discuss fighting climate change. He made his billions from the company he found "Bloomberg L.P", and he currently works as its chief executive officer. The Bloomberg Billionaires Index is a daily ranking of the world's richest people. [18], Bloomberg became an Eagle Scout when he was twelve years old. Other notable guest speakers during the virtual ceremony included Reddit co-founder and Commencement speaker Alexis Ohanian; Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and a leading member of the White House Coronavirus Task Force; and senior class president Pavan Patel[330], Bloomberg has received the Yale School of Management's Award for Distinguished Leadership in Global Capital Markets (2003);[331] Golden Plate Award of the American Academy of Achievement presented by Ehud Barak (2004);[332][333] Barnard College's Barnard Medal of Distinction (2008);[334] the Robert Wood Johnson Foundation Leadership for Healthy Communities' Healthy Communities Leadership Award (2009);[335] and the Jefferson Awards Foundation's U.S. COVID-19 research", "Bloomberg, Gates foundations announce initiatives to help coronavirus response", "Cuomo, Bloomberg detail plan to trace Covid-19 contacts", "Bloomberg launches coronavirus response network for mayors", "New Grant Commitments for Covid-19 Relief", "Bloomberg Philanthropies unveils $40M global initiative for COVID-19 response", "N.Y. Mayor Bloomberg gives $50 million to fight coal-fired power plants", "Mayor Bloomberg Donates $50 Million To Sierra Club", "Europe is getting off coal even faster than expected", "Austria's last coal-fired power station closes as the country pushes renewables", "Bloomberg to put $500M into closing all remaining coal plants by 2030", "Bloomberg Pledges $500 Million to Coordinated Campaign to Combat Climate Change", "Bloomberg Backs Fracking, With Rules to Protect the Environment", "States Get $48M Boost From Bloomberg Charity To Help Meet Obama Climate Change Agenda", "Bloomberg and Bill Clinton to Merge Climate Groups", "Interview: Michael Bloomberg, Outgoing Chair and Current President C40 Cities", "Bloomberg Philanthropies Commits $53 Million to Save the Oceans", "Ray Dalio and Michael Bloomberg Commit $185 Million To Protect The Oceans", "U.N. appoints former NYC Mayor Bloomberg cities, climate change envoy", "U.N. climate summit is high-profile, but some of world's most important leaders will skip it", "Secretary-General Appoints Michael R. Bloomberg of United States Special Envoy for Climate Action", "Mike Bloomberg to lead UN's climate change initiative", "Bloomberg, now Democratic candidate, resigns UN climate post", "U.N. chief names Michael Bloomberg climate envoy to rally action", "Compact of Mayors and EU Covenant of Mayors launch largest global coalition of cities committed to fighting climate change", "7,100 Cities From 119 Countries Join Together in Historic Collaboration to Accelerate Climate Action", "Local-governments day announced for Paris climate summit", "Mayors call for more powers to fight climate change", "COP21 in Paris, mayors and celebrities join UN launch of report on boosting investment towards climate smart cities", "Extending local-level climate action beyond '30-ring circus' of COP 21", "With Paris City Hall Declaration, world mayors throw down gauntlet on climate", "Michael Bloomberg to head global taskforce on climate change", "Bloomberg delivers U.S. pledge to continue Paris climate goals to U.N.", "Bloomberg Promises $15 Million To Help Make Up For U.S. Withdrawal From Climate Deal", "Bucking Trump, These Cities, States and Companies Commit to Paris Accord", "Michael Bloomberg and California Governor Jerry Brown Pledge To Fight Climate Change", "The governor of California and Michael Bloomberg launched a new plan to fight climate change with or without Trump", "U.S. Cities, States and Businesses Pledge to Measure Emissions", "Michael Bloomberg Announces Midwestern Collegiate Climate Summit", "Wash U Becomes Hub Of Midwest Summit To Fight Climate Change", "Michael Bloomberg announces St. Louis climate conference", "Bloomberg gives Johns Hopkins a record $1.8 billion for student financial aid", "$1.1 Billion in Thanks From Bloomberg to Johns Hopkins", "Michael R. Bloomberg Commits $350 Million to Johns Hopkins for Transformational Academic Initiative 2013", "Michael Bloomberg Gives $300 Million to Johns Hopkins for Public-Health Effort", "Bloomberg and Kimmel Help Launch Johns Hopkins Cancer Center With Major Donations", "Mike Bloomberg and others donate $125 million for breakthrough cancer research", "Bloomberg, others give $125 million for immunotherapy cancer research", "Johns Hopkins launches cancer research center with $125 million from Bloomberg, Kimmel, others", "Effort launches to boost low-income enrollment at top colleges", "What's the Biggest Challenge for Colleges and Universities? Bloomberg self-funded $935million[5] for his candidacy, which set the record for the most expensive U.S. presidential primary campaign. [308] He supported the construction of the 7 Subway Extension and the Second Avenue Subway; in December 2013, Bloomberg took a ceremonial ride on a train to the new 34th Street station to celebrate a part of his legacy as mayor. [216] During his tenure, Bloomberg worked with President Bill Clinton to merge C40 with the Clinton Climate Initiative, with the goal of amplifying their efforts in the global fight against climate change worldwide. [257], In 2016, the Museum of Science, Boston announced a $50million gift from Bloomberg. [211][212], Bloomberg Philanthropies awarded a $6 million grant to the Environmental Defense Fund in support of strict regulations on fracking in the 14 states with the heaviest natural gas production. [342] A second edition was released in 2019, ahead of Bloomberg's presidential run. Lower oil and natural-gas prices dragged upstream earnings down compared . "[341], Bloomberg, with Matthew Winkler, wrote an autobiography, Bloomberg by Bloomberg, published in 1997 by Wiley. Ends", "DOD Announces Chair for the Defense Innovation Board", "Pentagon nominates Michael Bloomberg to lead Defense Innovation Board", "Michael Bloomberg Sworn In as Defense Innovation Board Chair", "Michael Bloomberg's 2020 presidential campaign and policy positions, explained", "Michael Bloomberg is a Democrat again, fueling speculation about 2020 aspirations", "Michael Bloomberg | Biography, Business, Mayorship, & Facts", "Mike Bloomberg to donate $10 million to House Democrats targeted by GOP", "Michael Bloomberg is running for president in 2020. This trend is exaggerated . [64], As mayor, Bloomberg turned the city's $6billion budget deficit into a $3billion surplus, largely by raising property taxes. [108] Haggerty also spent money from a separate $200,000 donation from Bloomberg on office space. Wexner is the founder of L Brands, the former co-owner of around 2,700 women's apparel and beauty stores. In 2011, Bloomberg launched the NYC Young Men's Initiative, a $127million initiative to support programs and policies designed to address disparities between young Black and Latino men and their peers, and personally donated $30million to the project. [113][114] Quinn came in third in the Democratic primary and Lhota won the Republican primary. ", "Invisible no more: How advising programs are finding new talent for top colleges", "Michael Bloomberg Gives $50 Million to Museum of Science, Boston", "Michael Bloomberg Donates $50M to Boston Museum of Science", "Museum of Science changed Michael Bloomberg's life. [303][304] In 2015, he acquired 4 Cheyne Walk, a historical property in Cheyne Walk, Chelsea, London, which once belonged to writer George Eliot. [248] He made his first $1million commitment to JHU in 1984, and subsequently became the first individual to exceed $1billion in lifetime donations to a single U.S. institution of higher education. [244][245][246], As of 2019, Bloomberg has given more than $3.3billion to Johns Hopkins University, his alma mater,[247] making him "the most generous living donor to any education institution in the United States. From 2010 to 2013, he served as the chairman of the C40 Cities Climate Leadership Group, a network of the world's biggest cities working together to reduce carbon emissions. [37] The company sold customized computer terminals that delivered real-time market data, financial calculations and other analytics to Wall Street firms. He served as the mayor of New York City for three terms from 2002 to 2013, and was a candidate for the 2020 Democratic nomination for president of the United States. [29] He wrote an autobiography, Bloomberg by Bloomberg, with help from Bloomberg News editor-in-chief Matthew Winkler. Net Worth. [249] In 2016, Bloomberg Philanthropies contributed $300million to establish the Bloomberg American Health Initiative. hometown", "The Shed at Hudson Yards event is like a Bloomberg-era reunion", "Michael R. Bloomberg Donates $75 Million to New NYC Arts Center, The Shed", "Michael Bloomberg Gives $75 Million to Shed Arts Center", "Bloomberg America's first Jewish president? [48] After completing his final term as the mayor of New York City, Bloomberg spent his first eight months out of office as a full-time philanthropist. [141], Bloomberg self-funded his campaign from his personal fortune, and did not accept campaign contributions. "[274] Bloomberg Philanthropies and the Campaign for Tobacco-Free Kids jointly launched a $160 million, three-year campaign against youth use of electronic cigarettes (vaping). The guy runs a squawk box service for trading desks that breaks news headlines before the MSM. [190] The Carnegie Corporation distributed these contributions to hundreds of New York City organizations ranging from the Dance Theatre of Harlem to Gilda's Club, a non-profit organization that provides support to people and families living with cancer. He has also faced significant criticism for his expansion of the city's stop and frisk program, support for which he reversed with an apology before his 2020 presidential run.[4]. "Gun-control group co-founded by Bloomberg announces $60 million spending plan for 2020 elections", "Michael R. Bloomberg Becomes WHO Global Ambassador for Noncommunicable Diseases", "Michael Bloomberg Joins U.N. Agency as Health Ambassador", "WHO appoints former NY mayor Bloomberg as global health ambassador", "A $1.2 million grant helped turn outdoor areas in NYC into play spaces for kids", "Summer Spaces to Provide Free and Safe Outdoor Programming to NYC Kids", "Michael Bloomberg donates $3M toward new library in his Mass. Bloomberg is based in the Geneva region and works for a private bank, where he likely has access to insider information that he can use to inform his tweets. [179][180] He has also proposed more stringent financial regulations that include tougher oversight for big banks, a financial transactions tax, and stronger consumer protections. $94.5 B. [129] Bloomberg supporters believed that Bloomberg could run as a centrist and capture many voters who were dissatisfied with the likely Democratic and Republican nominees. allegations of sexual harassment at Bloomberg L.P. ban on certain large (more than 16 fluid ounce) sugary sodas, Centers for Disease Control and Prevention, Johns Hopkins Bloomberg School of Public Health, U.S. government would withdraw from the Paris climate accord, Charlotte R. Bloomberg Children's Center Building, BloombergKimmel Institute for Cancer Immunotherapy, Ash Center for Democratic Governance and Innovation, Honorary Knight Commander of the Order of the British Empire, "Political Memo; Bloomberg, the Technocrat, Seeks His Inner La Guardia", "Bloomberg apologizes for 'stop-and-frisk' police practice", "Bloomberg a Man of Contradictions, but With a Single Focus", "Charlotte R. Bloomberg, Mayor's Mother, Dies at 102", "Bloomberg Condemns Narrowing Views on College Campuses", "Susan Meyer is Married to Michael Bloomberg", "Charlotte Bloomberg, Mayor Bloomberg's Mother, Dies at 102", "Mayor's Ties to Hometown Fade, but for a few, They Are Still Felt", "Mike Bloomberg campaigns in San Diego for first time", "10 Fun Facts about Johns Hopkins University", "Retro Baltimore Trivia: What was Michael Bloomberg's degree in from Johns Hopkins University? [251][252][253] It will support cancer therapy research, technology and infrastructure development, and private sector partnerships. [60] Bloomberg joined Rudy Giuliani, John Lindsay, and Fiorello La Guardia as re-elected Republican mayors in the mostly Democratic city. Join Facebook to connect with Walter Bloomberg and others you may know. *Walter Bloomberg @DeItaone about 18 hours ago U.S. PRESIDENT JOE BIDEN TO NAME JEFF ZIENTS AS HIS CHIEF OF STAFF - WASHINGTON POST, CITING FOUR PEOPLE FAMILIAR WITH DECISION 124 19 *Walter Bloomberg @DeItaone about 20 hours ago 'AVATAR: THE WAY OF WATER' REACHES $2.024 BILLION IN GLOBAL BOX OFFICE RECEIPTS - DISNEY $DIS 561 88 Here's everything we know about the candidate and how he stacks up against the competition", "Mayor Bloomberg Delivers Remarks at 2007 Conservative Party Conference", Three Bloomberg policies all of America now lives with, "Mayor Bloomberg Signs Landmark Bills to Further Reduce Smoking in New York City", "Bloomberg calls for nationwide crackdown on e-cigs", "The Radical Case for Bloomberg's 'Nanny' State", "Bloomberg Becomes Nanny-State Epitome for Some, Giving Obama a Breather", "Bloomberg's Billions: How the Candidate Built an Empire of Influence", "Michael Bloomberg talks climate change with UN", "Bloomberg on backing 2003 invasion of Iraq: 'I don't live in a regret world', "Bloomberg defends city surveillance camera plan", "Bloomberg Says Interpretation of Constitution Will 'Have to Change' After Boston Bombing", "Should Mike Bloomberg's stop-and-frisk record disqualify him? He was getting this money every two weeks and had been for some time. Chairman and CEO of L Brands (formerly known as Limited Brands,) Wexner has a net worth of $8.9 billion, according to Bloomberg. Mark Walberg has a net worth of $400 million, making him the richest among the Wahlberg brothers. [315], Bloomberg has received honorary degrees from Tufts University (2007),[316] Bard College (2007),[317] Rockefeller University (2007),[318] the University of Pennsylvania (2008),[319] Fordham University (2009),[320][321] Williams College (2014),[322][323] Harvard University (2014),[324] the University of Michigan (2016),[325] Villanova University (2017) [326] and Washington University in St. Louis (2019). Changpeng Zhao. [19][20][21] He graduated from Medford High School in 1960. He opposes a wealth tax, saying that it would likely be found unconstitutional. [238][239] About a month later, Bloomberg and California Governor Jerry Brown announced that the America's Pledge coalition would work to "quantify the actions taken by U.S. states, cities and business to drive down greenhouse gas emissions consistent with the goals of the Paris Agreement. Bill Gates Net Worth: $81B Source of wealth: Microsoft 2. [302] In 2013, he owned 13 properties in various countries around the world, including a $20million Georgian mansion in Southampton, New York. Michael Bloomberg. View the profiles of people named Walter Bloomberg. The joint effort worked to convince the business community of the need for more sustainable energy and development policies, by quantifying and publicizing the economic risks the United States faces from the impact of climate change. [62], Bloomberg chose to apply a statistical, metrics-based management approach to city government, and granted departmental commissioners broad autonomy in their decision-making. [185][186] Through the foundation, he donated or pledged $767million in 2018,[187][186][188] and more than $1 billion in 2019. [133][136], In June 2018, Bloomberg pledged $80million to support Democratic congressional candidates in the 2018 election, with the goal of flipping control of the Republican-controlled House to Democrats. [174][175], During and after[176] his tenure, he was a staunch supporter of stop-and-frisk. Action included: Bloomberg is an environmentalist and has advocated policy to fight climate change at least since he became the mayor of New York City. Partnering with Johns Hopkins University to train COVID-19 contact tracers through its school of public health and search for a treatment of the virus. He has served as chair of the Defense Innovation Board, an independent advisory board that provides recommendations on artificial intelligence, software, data and digital modernization to the United States Department of Defense, since June 2022. 3h bloomberg.com First Republic Faces Potential Curb on Borrowing From Fed US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank a move that may curb the troubled firm's access to Federal Reserve lending facilities. Bloomberg is considered to have had far-reaching influence on the politics, business sector, and culture of New York City during his three terms as mayor. [115][116], On January 1, 2014, de Blasio became New York City's new mayor, succeeding Bloomberg.[117]. [255][256] Bloomberg Philanthropies also supports CollegePoint which has provided advising to lower- and moderate-income high school students since 2014. The businessman and politician is worth a staggering $65.2 billion, according to Forbes' real-time net worth tracker, making him the 8th richest person in the world. Jim Wahlberg has a net worth of $1 million. In addition to running on the Republican line, Bloomberg ran on the ticket of the controversial Independence Party, in which "Social Therapy" leaders Fred Newman and Lenora Fulani exerted strong influence. "[242] Two think tanks, World Resource Institute and the Rocky Mountain Institute, will work with America's Pledge to analyze the work cities, states and businesses do to meet the U.S. commitment to the Paris agreement. He wants you to believe that erecting trade barriers will bring back good jobs. [91] In addition to Republican support, Bloomberg obtained the endorsements of several prominent Democrats: former Democratic mayor Ed Koch; former Democratic governor Hugh Carey; former Democratic City Council Speaker Peter Vallone, and his son, Councilman Peter Vallone Jr.; former Democratic Congressman Floyd Flake (who had previously endorsed Bloomberg in 2001), and Brooklyn Borough President Marty Markowitz. [208] In July 2017, Europe Beyond Coal was established to phase out use of coal on the continent by 2030. [109], On September 13, 2013, Bloomberg announced that he would not endorse any of the candidates to succeed him. Paul Wahlberg comes in third with an estimated net worth of $10 million. Patricia Mazzei, Rebecca R. Ruiz & Jeremy W. Peters, socially liberal and fiscally moderate policies, Portable Bloomberg: The Wit and Wisdom of Michael Bloomberg, Michael Bloomberg 2020 presidential campaign. Bloomberg got started on Wall Street in 1966 as an entry-level worker at the investment bank Salomon Brothers. Leading New York's contact tracing effort, Launching an information and action sharing network for cities through the, Supporting international efforts to combat the spread of COVID-19 and prepare regional leaders through the, This page was last edited on 15 April 2023, at 08:02. [254] In 2016, Bloomberg joined Vice President Joe Biden for the institute's formal launch, embracing Biden's "Cancer Moonshot" initiative, which seeks to find a cure for cancer through national coordination of government and private sector resources. [148][143] Bloomberg donated $18 million to the Democratic National Committee and publicly planned a "massive spending blitz" to support Biden's campaign. [298], Although he attended Hebrew school, had a bar mitzvah, and his family kept a kosher kitchen, Bloomberg today is relatively secular, attending synagogue mainly during the High Holidays and a Passover Seder with his sister, Marjorie Tiven. If the answer is no, why the hell would we ever rehire Donald Trump for another four years? That being said, Pence sure has fared better than President Jimmy Carter's co-pilot, Walter Mondale, who had a net worth of only $15,000. Wade. "[159], In August 2010, Bloomberg signed The Giving Pledge, whereby the wealthy pledge to give away at least half of their wealth. An August 2007 story in The New York Times stated that he was often seen chauffeured by two New York Police Department-owned SUVs to an express train station to avoid having to change from the local to the express trains on the IRT Lexington Avenue Line. [314] In his youth he was a licensed amateur radio operator, was proficient in Morse code, and built ham radios. He added, "I want to make sure that person is ready to succeed, to take what we've done and build on that. [79] Voting in the primary began on the morning of September 11, 2001. [36] As of 2019, the company has more than 325,000 terminal subscribers worldwide and employs 20,000 people in dozens of locations. [13][14] Bloomberg's maternal grandfather, Max Rubens, was a Lithuanian Jewish immigrant from present-day Belarus,[15][16] and his maternal grandmother was born in New York to Lithuanian Jewish parents. Year. Mikhelson's fortune amounted to $27.7 billion, marking an increase of $3.09 billion, while the net worth of Lisin saw a growth by $1.74 billion to $21.6 billion. Language links are at the top of the page across from the title. In July 2011, Bloomberg Philanthropies donated $50 million to Sierra Club's Beyond Coal campaign, allowing the campaign to expand its efforts to shut down coal-fired power plants from 15 states to 45 states. [4] List of wealthiest Canadians (Bloomberg, 22 May 2022) [4] [note 2] World rank. [102] Bloomberg spent $109.2million on his 2009 campaign, outspending Thompson by a margin of more than 11 to one. [268][269][270][271], In March 2021, Bloomberg gave Harvard $150million to create the Bloomberg Center for Cities to support mayors. Worker Got Bloomberg Money Is Investigated", "Vance Investigating Indy/Bloomberg/Haggerty Connection", "Independence Party to Haggerty: Where's Our Money? Since then, he has given away $9.5billion overall including $3.3billion in 2019. [110][111] On his radio show, he stated, "I don't want to do anything that complicates it for the next mayor. Among various sayings that were attributed to him, several have subsequently been criticized as sexist or misogynistic. That includes a waterfront cottage in Maine, located on an island accessible only by boat, which is valued at an estimated $250,000-$500,000 per year, and part of a cottage in Ireland, valued at less than $15,000. Bloomberg later said that by "do", he meant that he would have a personal relationship with the woman. Pursuing socially liberal and fiscally moderate policies, Bloomberg developed a technocratic managerial style. His own tax plan includes implementing a 5 percent surtax on incomes above $5million a year and would raise federal revenue by $5trillion over a decade. When working on Wall Street in the 1960s and 1970s, Bloomberg claimed in his 1997 autobiography, he had "a girlfriend in every city". [143], As a late entrant to the race, Bloomberg skipped the first four state primaries and caucuses. [72] The policy was challenged in U.S. Federal Court, which ruled that the city's implementation of the policy violated citizens' rights under the Fourth Amendment of the Constitution and encouraged racial profiling. [2] Walter Droege founded Droege International Group AG, which provides restructuring and turnaround advisory services, in 1988 in Dsseldorf, Germany. As of June 2022, Forbes ranked him as the sixteenth-richest person in the world, with an estimated net worth of US$82 billion [1] and ranked 14th in Forbes 400 with net worth $55 billion. [328], On May 27, 2010, Bloomberg delivered the commencement speech at his alma mater, Johns Hopkins University. [138] On October 10, 2018, Bloomberg announced that he had returned to the Democratic party. [264] In December 2011, Bloomberg Philanthropies launched a partnership with online ticket search engine SeatGeek to connect artists with new audiences. Instead, he encouraged the Democratic Party to "nominate a Democrat who will be in the strongest position to defeat Donald Trump". Walter Oil & Gas serves customers in the United States. [299] Neither of his daughters had bat mitzvahs. [140] However, due to his dissatisfaction with the Democratic field, Bloomberg reconsidered. MICHAEL BLOOMBERG NET WORTH: $48 BILLION SOURCE OF WEALTH: BLOOMBERG LP RESIDENCE: NEW YORK CITY The media tycoon spent at least $876 million on his failed presidential campaign,. The Company provides oil and gas drilling and production services. [262], In 1996, Bloomberg endowed the William Henry Bloomberg Professorship at Harvard University with a $3million gift in honor of his father, who died in 1963, saying, "throughout his life, he recognized the importance of reaching out to the nonprofit sector to help better the welfare of the entire community.

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