About Mike Bloomberg
Michael R. Bloomberg is an entrepreneur and philanthropist who served three terms as Mayor of the City of New York.
Born in Boston on February 14, 1942 and raised in a middle class home in Medford, Massachusetts, Michael Bloomberg attended Johns Hopkins University, where he paid his tuition by taking out loans and working as a parking lot attendant. After college, he attended Harvard Business School and in 1966 was hired by a Wall Street firm, Salomon Brothers, for an entry-level job.
Bloomberg quickly rose through the ranks at Salomon, overseeing equity trading and sales before heading up the firm's information systems. When Salomon was acquired in 1981, he was let go from the firm. With a vision of an information technology company that would bring transparency and efficiency to the buying and selling of financial securities, he launched a small startup in a one room office. Today, Bloomberg LP is a global company that has more than 15,000 employees and offices in 73 countries around the world.
During his tenure as mayor, from 2002 through 2013, Bloomberg brought his innovation-driven approach to city government. He turned around a broken public school system by raising standards and holding schools accountable for success. He spurred economic growth and job creation by revitalizing old industrial areas, spurring entrepreneurship, supporting small businesses, and strengthening key industries, including new media, film and television, bio-science, technology, and tourism. Mayor Bloomberg’s economic policies helped New York City experience record-levels of private-sector job growth often in formerly depressed neighborhoods.
His passion for public health led to ambitious new strategies that became national models, including a ban on smoking in all indoor workplaces, as well as at parks and beaches. Life expectancy grew by 36 months during Mayor Bloomberg’s twelve years in office. He launched cutting-edge anti-poverty efforts, including the Young Men’s Initiative and the Center for Economic Opportunity, whose ground-breaking programs have been replicated across the country. As a result, New York City’s welfare rolls fell 25 percent, and New York was the only big city in the country not to experience an increase in poverty between the 2000 Census and 2012. He also created innovative plans to fight climate change and promote sustainable development, which helped cut the city’s carbon footprint by 19 percent. His belief that America's mayors and business leaders can help effect change in Washington led him to launch national bi-partisan coalitions to combat illegal guns, reform immigration, and invest in infrastructure. He was a strong champion of the city's cultural community, expanding support for artists and arts organizations and helping to bring more than 100 permanent public art commissions to all five boroughs.
Upon leaving City Hall, Michael Bloomberg returned to the company he founded, Bloomberg LP, while also devoting more time to philanthropy, which has been a top priority for him throughout his career. Today, Bloomberg Philanthropies employs a unique data-driven approach to global change that grows out of his experiences as an entrepreneur and mayor. In addition to Bloomberg Philanthropies' five areas of focus – public health, arts and culture, the environment, education, and government innovation – Bloomberg has continued to support projects of great importance to him, including his alma mater, Johns Hopkins University, where he served as the chairman of the board of trustees from 1996-2001. The university's School of Hygiene and Public Health – the largest public health facility in the U.S. – is the Bloomberg School of Public Health in recognition of his commitment and support. Bloomberg has donated more than $2.4 billion to a wide variety of causes and organizations. As chair of the C40 Climate Leadership Group from 2010 to 2013, he drew international attention to cities’ leading role in the fight against climate change. In 2014, U.N. Secretary-General Ban Ki-moon appointed Bloomberg to be U.N. Special Envoy for Cities and Climate Change where he will focus on helping cities and countries set and achieve more ambitious climate change goals.
Michael Bloomberg is the father of two daughters, Emma and Georgina.
Feb. 27, 2014 | Bloomberg Philanthropies
As the world's population continues to grow, so will the scale of our challenges. Bloomberg Philanthropies is fully committed to tackling those challenges head-on.
Feb. 10, 2014 | Fast Company
With $452 million distributed in 2013, Bloomberg Philanthropies is among the largest foundations in the United States, but it distinguishes itself by acting as its namesake, Michael Bloomberg, does - with sophisticated, data-driven solutions for every step of the process, from identifying priorities to monitoring progress to scaling pragmatic solutions.
Jan. 24, 2014 | Politico
In an appeal to House Republicans, Bloomberg made the economic case for an overhaul of the nation's immigration laws and said the country was at risk of losing talent from abroad that could generate jobs in the United States.
Dec. 15, 2013 | American Way Magazine
Bloomberg, who served as mayor of the most populated city in the United States from 2002-2013, has altered its character so deeply that his legacy will be aggressively visible to the next several generations of city dwellers.
Oct. 30, 2013 | Forbes
City Hall will never look like this again: The hive that is the "bullpen," with its desks strewn about the open space, and the staff - junior and senior - all buzzing around the the Mayor himself, who sits in the middle of it all, just as he likes it.
Oct. 4, 2013 | The Washington Post
Mike Bloomberg joins Hank Paulson and Tom Steyer to launch Risky Business - an initiative to asses the potential economic impacts of climate change.
Aug. 14, 2013 | LinkedIn
The following are some tips for becoming a successful entrepreneur based on my experience of building a company from the ground up, leading New York City as mayor, and founding a philanthropic organization.
Feb. 28, 2013 | The Wall Street Journal
The eradication of polio is tantalizingly close, and two of the world's biggest public-health philanthropists, Michael Bloomberg and Bill Gates, are joining forces to get the job done.
Feb. 20, 2013 | LinkedIn
New York is now home to the country's fastest-growing and most exciting tech communities, with more and more entrepreneurs choosing to locate their start-ups here.
Jan. 29, 2013 | Politico
New York City Mayor Michael Bloomberg has expanded his Washington footprint dramatically over the past two years, using his enormous clout and seasoned lobbying hands to push a nexus of issues that the White House and Congress are just beginning to address.
Jan. 27, 2013 | The New York Times
Johns Hopkins as it exists today is inconceivable without Mr. Bloomberg, whose giving has fueled major improvements in the university's reputation and rankings, its competitiveness for faculty and students, and the appearance of its campus.
Sep. 19, 2012 | Architectual Digest
A gift from Michael Bloomberg ensures that colorful artworks are a major component of the design - and the healing process - at the Baltimore medical complex.
Sep. 13, 2012 | The Financial Times
In cities large and small, municipal governments are generating new strategies to address local and national challenges.
Jun. 9, 2012 | The Baltimore Sun
The new Johns Hopkins Hospital, which includes the Charlotte R. Bloomberg Children's Center and the Sheikh Zayed Tower, is a symbolic new face of health care in East Baltimore. Mike Bloomberg heavily influenced the design of the new hospital by commissioning art and other refinements that add warmth, humanity, and a sense of sophistication.
Apr. 16, 2012 | The JHU Gazette
Covering five acres, the Sheikh Zayed Cardiovascular and Critical Care Tower and The Charlotte R. Bloomberg Children’s Center includes 560 all-private patient rooms, 33 state-of-the-art operating rooms and expansive adult and pediatric emergency departments. The Center is the new front door of The Johns Hopkins Hospital and is one of the nation’s largest hospital construction projects.
Mar. 29, 2012 | The Wall Street Journal
As the two parties sketch out their general-election campaign platforms, both should commit to a reasonable and responsible goal - closing the deficit in 10 years. Even given Washington's current dysfunction, this can be achieved through a simple two-step process: The president can declare that he will allow the Bush tax cuts to expire for all income levels, and Congress can take an up-or-down vote on the Simpson-Bowles deficit-reduction plan.
Mar. 27, 2012 | Financial Times
While mayors continue to be responsible for maintaining public safety and delivering public services, the 21st-century global economy has generated a new responsibility: staying ahead of the competition.
Jan. 13, 2012 | The New York Times
It has been a decade of aggressive changes to the system - giving principals more power over their budgets, making teacher tenure harder to obtain and, in the face of intense protest, closing more than 100 schools and opening scores of charter schools in poor and middle-class enclaves
Nov. 3, 2011 | Forbes
On Forbes.com, Broad Foundations co-founder Eli Broad ranks the world's top seven philanthropists working to address humanity's most pressing needs, including Mike Bloomberg at #1. Broad highlights Mike's's work in supporting public health, arts, education and gun safety.
Sep. 21, 2011 | The Atlantic Cities
With an annual budget of about $60 billion, 250,000 municipal, employees, nearly 35,000 armed police officers, over 26,000 vehicles, and 656 miles of subway track, the sheer scale of New York City governance dwarfs most sovereign nations. The world's largest diplomatic and consular community (including, ostensibly, a fair helping of spooks), are based in New York, including United Nations headquarters, 192 permanent missions to the UN, and 111 consulates.
Aug. 8, 2011 | Fast Company
In Bloomberg's view, a better global future is a matter of urban innovation. In many respects, his belief rests on simple logic: When virtually all demographic projections for the coming decades assure us that the vast majority of humanity will soon reside in cities, it makes sense to conclude that our problems and solutions will reside there too.
Aug. 4, 2011 | The New York Times
The program, the most ambitious policy push of Mr. Bloomberg's third term, would overhaul how the government interacts with a population of about 315,000 New Yorkers who are disproportionately undereducated, incarcerated and unemployed.
Jul. 25, 2011 | The New York Times
Mr. Bloomberg, who believes that governments are doing too little to address the problem of global warming, is donating $50 million to the Sierra Club’s grass-roots campaign to block the construction of new coal-fired power plants and shut down existing ones.
Jul. 14, 2011 | The Economist
Bloomberg Philanthropies announced a $24 million initiative to fund “Innovation Delivery Teams” to help mayors solve particular local problems. The idea grew out of a mayors’ summit hosted by Bloomberg Philanthropies in March, which highlighted the need for municipal innovation when budgets are tight.
May. 20, 2011 | The New York Times
Mr. Bloomberg went to Albany to press Senate Republicans to vote to legalize same-sex marriage. He warned that "the longer the Senate obstructs marriage equality, the heavier the price they will pay not only in the history books, but at the polls." We hope the senators were listening. We hope Gov. Andrew Cuomo was also paying close attention.
Feb. 4, 2011 | Chronicle Of Philanthropy
New York City Mayor Michael Bloomberg gave away $279.2 million to philanthropic causes last year, earning him the #2 spot on the list of Americans who gave the most to charity in 2010, according to the Chronicle of Philanthropy.