description Michael Bloomberg Overview
Michael Bloomberg is an American businessman, public official, and philanthropist who co-founded the financial information company Bloomberg LP in 1981. The company developed the Bloomberg Terminal and expanded into financial data, software, news, and media. Bloomberg served as mayor of New York City for three terms from 2002 through 2013 and later supported public-health, education, climate, and civic initiatives through Bloomberg Philanthropies.
insights Ranking position
Michael Bloomberg ranks #24 of 170 in the Entrepreneur ranking, behind Michael Dell, ahead of Bill Gurley.
help Michael Bloomberg FAQ
How did Michael Bloomberg start Bloomberg LP?
After leaving Salomon Brothers in 1981, Bloomberg used his financial-market experience to build a computerized information business. Its first terminal product was initially called Market Master before becoming known as the Bloomberg Terminal.
What does a Bloomberg Terminal actually provide?
It combines financial prices, analytics, news, trading tools, and a messaging network in one professional system. Its distinctive keyboard and command-driven interface remain common in banks, investment firms, and trading floors.
How many terms did Bloomberg serve as mayor of New York City?
He served three consecutive terms, from 2002 through 2013. New York's term-limit rules were changed during his second term, allowing him to run for a third.
Is Bloomberg LP publicly traded?
No. Bloomberg LP is privately held, with Michael Bloomberg remaining its controlling owner rather than listing the company on a stock exchange.
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