Michael Rubens Bloomberg (born on February 14, 1942) is an American
businessman, engineer, author, politician, and philanthropist. As of
February 9, 2018, his net worth was estimated at $50.8 billion,
making him the 7th-richest person in the United States and the 10th
richest person in the world. He has joined The Giving Pledge, whereby
billionaires pledge to give away at least half of their wealth.
Bloomberg is the founder, CEO, and owner of Bloomberg L.P., a global
financial services, mass media, and software company that bears his
name, and is notable for its Bloomberg Terminal, a computer software
system providing financial data widely used in the global financial
services industry. He began his career at the securities brokerage
Salomon Brothers, before forming his own company in 1981 and spending
the next twenty years as its chairman and CEO. Bloomberg also served
as chairman of the board of trustees at his alma mater, Johns Hopkins
University, from 1996 to 2002.
Bloomberg has served as the 108th Mayor of New York City, holding
office for three consecutive terms, beginning with his first election
in 2001. A Democrat before seeking elective office, Bloomberg 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 terrorist attacks. He won a second term in 2005, and
left the Republican Party two years later. Bloomberg 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.
Bloomberg was frequently mentioned as a possible candidate for the
U.S. Presidential elections in 2008, and 2012, as well as for Governor
of New York in 2010. He declined to seek either office, opting to
continue serving as the Mayor of New York City.
On January 1, 2014,
Bill de Blasio
Bill de Blasio succeeded Bloomberg as the Mayor of
New York City. After a brief stint as a full-time philanthropist,
Bloomberg re-assumed the position of CEO at
Bloomberg L.P. by the end
of 2014. On March 7, 2016, Bloomberg announced that he would not run
as a third party candidate in the 2016 U.S. presidential election
despite widespread speculation that he would, and later endorsed
Hillary Clinton for president.
1 Early life
2 Business career
3 Political career
3.1.1 2001 election
3.1.2 2005 election
3.1.3 2009 election
3.1.4 2013 election endorsements
3.2 Political stances
3.2.1 Social issues
3.2.2 Crime and punishment
3.2.4 Environmental issues
3.2.6 Health regulations
3.2.7 Response to 9/11
3.2.8 Economic issues
3.2.9 Foreign policy
3.2.10 Preservation and development issues
3.3 Political running
3.3.1 2008 presidential campaign speculation
3.3.2 Rumored gubernatorial campaign
3.3.3 2012 presidential campaign speculation and role
3.3.4 2016 presidential campaign speculation and role
4.1 Environmental advocacy
4.3 Other causes
5 Personal life
6 Awards and honors
7 See also
9 Further reading
10 External links
Michael Bloomberg was born at St. Elizabeth's Hospital, in the
Brighton neighborhood of Boston, on February 14, 1942. Bloomberg's
family is Jewish. Bloomberg's father, William Henry Bloomberg
(1906–1963), was born in Chelsea,
Massachusetts and worked as an
accountant for a dairy company. He was the son of Alexander "Elick"
Bloomberg, an immigrant from Russia. The Bloomberg Center at the
Harvard Business School
Harvard Business School was named in his honor. 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, east of the Iron Curtain.
The family lived in Allston, Massachusetts, until Bloomberg was two
years old, when they moved to Brookline for the next two years,
finally settling in Medford, a
Boston suburb, where he lived until
after he graduated from college.
Bloomberg is an Eagle Scout.
Bloomberg attended Johns Hopkins University, where he joined the
fraternity Phi Kappa Psi. In 1962, as a sophomore, he constructed the
school's mascot, the blue jay. He graduated in 1964 with a Bachelor of
Science degree in Electrical Engineering. In 1966 he graduated from
Harvard Business School
Harvard Business School as a Master of Business
In 1973, Bloomberg became a general partner at Salomon Brothers, a
Wall Street investment bank, where he headed equity
trading and, later, systems development. In 1981,
Salomon Brothers was
bought by Phibro Corporation, and Bloomberg was laid off from the
investment bank. He was given no severance package, but owned $10
million worth of equity as a partner at the firm.
Using this money, Bloomberg went on to set up a company named
Innovative Market Systems. His business plan was based on the
Wall Street (and the financial community generally)
was willing to pay for high-quality business information, delivered as
quickly as possible and in as many usable forms possible, via
technology (e.g., graphs of highly specific trends).
Merrill Lynch became the new company's first customer,
installing 22 of the company's Market Master terminals and investing
$30 million in the company. The company was renamed
Bloomberg L.P. in
1987. By 1990, it had installed 8,000 terminals. Over the
years, ancillary products including Bloomberg News, Bloomberg Message,
and Bloomberg Tradebook were launched.
As of October 2015, the company had more than 325,000 terminal
subscribers worldwide. His company also has a radio network which
currently has 1130 WBBR AM in New York City as its flagship station.
He left the position of CEO to pursue a political career as the mayor
of New York City. Bloomberg was replaced as CEO by Lex Fenwick.
During Bloomberg's three mayoral terms, the company was led by
president Daniel L. Doctoroff, a former deputy mayor under
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. In the fall of 2014, he announced that he would return
Bloomberg L.P. as CEO at the end of 2014, succeeding Doctoroff,
who had led the company since retiring from the Bloomberg
administration in February 2008. Bloomberg remains the CEO of
Bloomberg is a member of Kappa Beta Phi. He wrote an
autobiography, with help from
Bloomberg News Editor-in-Chief Matthew
Winkler, called Bloomberg by Bloomberg.
In March 2009,
Forbes reported Bloomberg's wealth at $16 billion, a
gain of $4.5 billion over the previous year, enjoying the world's
biggest increase in wealth in 2009. At that time, there were only
four fortunes in the U.S. that were larger (although the Wal-Mart
family fortune is split among four people). He had moved from 142nd to
17th in the
Forbes list of the world's billionaires in only two years
(March 2007 – March 2009). In September 2013, Forbes
reported Bloomberg's wealth as $33 billion and ranked him as the 13th
richest person in the world.
In March 2012,
Forbes reported Bloomberg's wealth at $22 billion,
ranking him 20th in the world and 11th in the United States. In
September 2015, his net worth was $43.3 billion, ranking him the 6th
richest person in the United States.
Main article: Mayoralty of Michael Bloomberg
Secretary of the Navy (SECNAV), Ray Mabus with Bloomberg
Bloomberg assumed office as the 108th
Mayor of New York City
Mayor of New York City on
January 1, 2002. He won re-election in 2005 and again in 2009. As
mayor, Bloomberg initially struggled to gain high approval levels from
the public; however, he subsequently developed and maintained high
approval ratings. His re-election meant the Republicans had won
the previous four mayoral elections (although Bloomberg's decision to
leave the Republican Party and be declared an independent on June 19,
2007, resulted in the Republican Party's losing the mayor's seat prior
to the expiration of his second term). Bloomberg joined Rudy Giuliani
Fiorello La Guardia
Fiorello La Guardia as re-elected Republican mayors in the mostly
Democratic city. (
John Lindsay was also elected mayor of New York City
twice while a registered Republican; however, Lindsay did not receive
the Republican Party nomination during his 1969 campaign for
re-election but ran successfully on the Liberal ticket and joined the
Democratic Party during his second term.)
Bloomberg stated that he wanted public education reform to be the
legacy of his first term and addressing poverty to be the legacy of
his second. According to the National Assessment of Educational
Performance, fourth-grade reading scores from 2002-09 rose nationally
by 11 points. However, on May 10, 2010,
The New York Times
The New York Times reported:
According to the test [NAEP], New York City eighth graders have shown
no significant improvement [in math or reading] since they began
taking it in 2003, mirroring the largely flat performance of American
eighth graders as a whole during that period. In the city, the lack of
improvement held true across ethnic groups and also among lower-income
Some activists (including Diane Ravitch) opposed Bloomberg's reforms,
claiming his approach to the New York City education system was
largely unsuccessful because of skewed numbers. Under the reformed
approach, a school had to have done better than the previous year to
receive funding. Due to this requirement, it was alleged that many
successful schools were closed for being "unsuccessful" based on their
inability to raise test scores, even though they were top performing
schools, while many unsuccessful schools received the bulk of funding
for simply raising their scores slightly.
Bloomberg chose to apply a statistical, results-based approach to city
management, appointing city commissioners based on their expertise and
granting them wide autonomy in their decision-making. Breaking with
190 years of tradition, he implemented what New York Times political
Adam Nagourney called a "bullpen" open office plan, similar
Wall Street trading floor, in which dozens of aides and
managerial staff are seated together in a large chamber. The design is
intended to promote accountability and accessibility.
In efforts to create "cutbacks" in the New York City Spending Bracket,
Bloomberg declined to receive a city salary. He accepted a
remuneration of $1 annually for his services. He maintains a
public listing in the New York City phone directory, and during
his term as mayor, he lived not in
Gracie Mansion – the official
mayoral residence – but instead at his own home on the Upper East
Side of Manhattan. He also has homes in London,
Bermuda and Vail,
Bloomberg stated that during his mayoralty, he rode the New York City
Subway on a daily basis, particularly in the commute from his 79th
Street home to his office at City Hall. 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.
He supported the construction of the
7 Subway Extension
7 Subway Extension and the Second
Avenue Subway; on December 20, 2013, Bloomberg took a ceremonial ride
on a train to the new 34th Street station to celebrate a part of his
legacy as mayor.
Main article: New York City mayoral election, 2001
In 2001, the incumbent mayor of New York City, Rudy Giuliani, was
ineligible for re-election, as the city limited the mayoralty to two
consecutive terms. Several well-known New York City politicians
aspired to succeed him. Bloomberg, a lifelong member of the Democratic
Party, decided to run for mayor as a member of the Republican Party
ticket. Voting in the primary began on the morning of September 11,
2001. The primary was postponed later that day, due to the September
11 attacks. In the rescheduled primary, Bloomberg defeated Herman
Badillo, a former Congressman, to become the Republican nominee.
Meanwhile, the Democratic primary did not produce a first-round
winner. After a runoff, the Democratic nomination went to New York
City Public Advocate Mark J. Green.
In the general election, Bloomberg received Giuliani's endorsement. He
also had a huge spending advantage. Although New York City's campaign
finance law restricts the amount of contributions which a candidate
can accept, Bloomberg chose not to use public campaign funds and
therefore his campaign was not subject to these restrictions. He spent
$73 million of his own money on his campaign, outspending Green five
to one. One of the major themes of his campaign was that, with the
city's economy suffering from the effects of the World Trade Center
attacks, it needed a mayor with business experience.
In addition to serving as the Republican nominee, Bloomberg had the
ballot line of the controversial Independence Party, in which "Social
Therapy" leaders Fred Newman and
Lenora Fulani exert strong influence.
Some[who?] say that endorsement was important, as Bloomberg's votes on
that line exceeded his margin of victory over Green. (Under New York's
fusion rules, a candidate can run on more than one party's line and
combine all the votes received on all lines. Green, the Democrat, had
the ballot line of the Working Families Party. He also created an
independent line called Students First whose votes were combined with
those on the Independence line). Another factor was the vote in Staten
Island, which has traditionally been far friendlier to Republicans
than the rest of the city. Bloomberg handily beat Green in that
borough, taking 75 percent of the vote there. Overall, Bloomberg won
50 percent to 48 percent.
Bloomberg's election marked the first time in New York City history
that two different Republicans had been elected mayor consecutively.
New York City has not been won by a Republican in a presidential
Calvin Coolidge won in 1924. Bloomberg is considered a
social liberal, who is pro-choice, in favor of legalizing same-sex
marriage and an advocate for stricter gun control laws. Although 68
percent of New York City's registered voters are Democrats, Bloomberg
decided the city should host the 2004 Republican National Convention.
The convention drew thousands of protesters, many of them local
residents angry over the Iraq war and other issues. The New York
Police Department arrested approximately 1,800 protesters, but
according to The New York Times, more than 90 percent of the cases
were later dismissed or dropped for lack of evidence.
Main article: New York City mayoral election, 2005
Bloomberg was re-elected mayor in November 2005 by a margin of 20
percent, the widest margin ever for a Republican mayor of New York
City. He spent almost $78 million on his campaign, exceeding the
record of $74 million he spent on the previous election. In late 2004
or early 2005, Bloomberg gave the Independence Party of New York
$250,000 to fund a phone bank seeking to recruit volunteers for his
Fernando Ferrer won the Democratic
nomination to oppose Bloomberg in the general election. Thomas
Ognibene sought to run against Bloomberg in the Republican Party's
primary election. His campaign successfully challenged enough of
the signatures Ognibene had submitted to the Board of Elections to
prevent Ognibene from appearing on ballots for the Republican
primary. Instead, Ognibene ran on only the Conservative Party
ticket. Ognibene accused Bloomberg of betraying Republican Party
ideals, a feeling echoed by others.
Bloomberg opposed the confirmation of John Roberts as Chief Justice of
the United States. Though a Republican at the time, Bloomberg is a
staunch supporter of abortion rights and did not believe that Roberts
was committed to maintaining Roe v. Wade. 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
Floyd Flake (who had previously endorsed
Bloomberg in 2001), and
Borough President Marty
Main article: New York City mayoral election, 2009
On October 2, 2008, Bloomberg announced he would seek to extend the
city's term limits law and run for a third mayoral term in 2009,
arguing a leader of his field was needed following the financial
crisis of 2007–08. "Handling this financial crisis while
strengthening essential services ... is a challenge I want to
take on," Bloomberg said at a news conference. "So should the City
Council vote to amend term limits, I plan to ask New Yorkers to look
at my record of independent leadership and then decide if I have
earned another term."
Ronald Lauder, who campaigned for New York City's term limits in 1993
and spent over 4 million dollars of his own money to limit the maximum
years a mayor could serve to eight years, sided with Bloomberg in
running for a third term and agreed to stay out of future legality
issues. In exchange, he was promised a seat on an influential city
board by Bloomberg.
Some people and organizations objected and
NYPIRG filed a complaint
with the City Conflict of Interest Board. On October 23, 2008, the
City Council voted 29–22 in favor of extending the term limit to
three consecutive four-year terms, thus allowing Bloomberg to run for
office again. After two days of public hearings, Bloomberg signed
the bill into law on November 3.
Bloomberg's bid for a third term generated some controversy. Civil
libertarians such as former
New York Civil Liberties Union Director
Norman Siegel and New York Civil Rights Coalition Executive Director
Michael Meyers joined with local politicians such as New York State
Senator Eric Adams to protest the term-limits extension.
Bloomberg's opponent was Democratic and
Working Families Party
Working Families Party nominee
Bill Thompson, who had been
New York City Comptroller for the past
eight years and before that, President of the New York City Board of
Education. Bloomberg defeated Thompson by a vote of 51% to
After the release of Independence Party campaign filings in January
2010, it was reported that Bloomberg had made two $600,000
contributions from his personal account to the Independence Party on
October 30 and November 2, 2009. The Independence Party then paid
$750,000 of that money to Republican Party political operative John
This prompted an investigation beginning in February 2010 by the
New York County District Attorney
New York County District Attorney
Cyrus Vance, Jr.
Cyrus Vance, Jr. into
possible improprieties. The Independence Party later questioned
how Haggerty spent the money, which was to go to poll-watchers.
New York State
New York State Senator
Martin Connor contended that because the
Bloomberg donations were made to an Independence Party housekeeping
account rather than to an account meant for current campaigns, this
was a violation of campaign finance laws. Haggerty also spent
money from a separate $200,000 donation from Bloomberg on office
2013 election endorsements
Main article: New York City mayoral election, 2013
On September 13, 2013, Bloomberg announced that he would not endorse
any of then current candidates to succeed him. On his radio
show, he stated, "I don't want to do anything that complicates it for
the next mayor. And that's one of the reasons I've decided I'm just
not going to make an endorsement in the race." He added, "I want to
make sure that person is ready to succeed, to take what we've done and
build on that."
Prior to the announcement in an interview in New York magazine,
The New York Times
The New York Times for its endorsement of Christine
Joe Lhota as their favorite candidates in the Democratic and
Republican primaries. Quinn came in third in the Democratic
primary and Lhota won the Republican primary.
Earlier in the month, Bloomberg was chastised in the press for his
remarks regarding Democratic mayoral candidate Bill de Blasio's
campaign methods. Bloomberg said initially in the New York
magazine interview that he considered de Blasio's campaign "racist"
and when asked about his comment, Bloomberg explained what he meant by
Well, no, no, I mean he's making an appeal using his family to gain
support. I think it's pretty obvious to anyone watching what he's been
doing. I do not think he himself is racist. It's comparable to me
pointing out I'm Jewish in attracting the Jewish vote. You tailor
messages to your audiences and address issues you think your audience
On January 1, 2014, de Blasio became New York City's new mayor,
Some of the policies Bloomberg advocates parallel those of either the
Democratic or the Republican party platform. He is socially liberal or
progressive, supporting abortion rights, same-sex marriage, strict gun
control measures, and citizenship for illegal immigrants, for example.
On economics, foreign, and domestic issues, Bloomberg tends to be
conservative. He opposed a timeline for withdrawal from the Iraq War,
and criticized those who favored one. Economically, he supports
government involvement in issues such as public welfare, while being
strongly in favor of free trade, pro-business, and describing himself
as a fiscal conservative because he balanced the city's budget. He
is concerned about climate change and has touted his mayoral efforts
to reduce greenhouse gasses. Bloomberg has been cited for not
allowing many emergency officials who responded to the September 11,
2001, attacks to attend the tenth anniversary observation of that
day. He also is at odds with many around the United States for not
inviting any clergy to the ceremony marking the anniversary of the
Bloomberg supports abortion rights, stating, "Reproductive choice is a
fundamental human right and we can never take it for granted. On this
issue, you're either with us or against us." He has criticized
"pro-choice" politicians who support "pro-life" candidates.
Bloomberg supports governmental funding for embryonic stem cell
research, calling the Republican position on the issue "insanity".
He supports same-sex marriage with the rationale that "government
shouldn't tell you whom to marry."
Bloomberg supports the strict drug laws of New York City. He has
stated that he smoked marijuana in the past, and was quoted in a 2001
interview as saying "You bet I did. I enjoyed it." This led to a
reported $500,000 advertising campaign by NORML, featuring his image
and the quote. Bloomberg stated in a 2002 interview that he regrets
the remark and does not believe that marijuana should be
Crime and punishment
In April 2006, along with
Boston mayor Thomas Menino, Bloomberg
co-founded Mayors Against Illegal Guns. A December 2013 press
release by the group said the bipartisan coalition included over 1,000
mayors. In 2014, the organisation merged with Moms Demand Action
For Gun Sense in America to form Everytown for Gun Safety, which
in 2018 in collaboration with student groups organized the March For
As mayor, Bloomberg increased the mandatory minimum sentence for
illegal possession of a loaded handgun, saying: "Illegal guns don't
belong on our streets and we're sending that message loud and clear.
We're determined to see that gun dealers who break the law are held
accountable, and that criminals who carry illegal loaded guns serve
serious time behind bars." He opposes the death penalty, saying he
would "rather lock somebody up and throw away the key and put them in
hard labor". Bloomberg is a staunch proponent of stop-and-frisk in
New York City and cited that Stop and Frisk dramatically reduced crime
Bloomberg replaced the school board set up by the state with direct
mayoral control over public education. He raised the salaries of
teachers by fifteen percent while the test scores of students in
the city and the graduation rate rose as well. He opposes social
promotion, stating that students should be promoted only when they are
adequately prepared for the next grade level. He favors after-school
programs to help students who are behind. As mayor, Bloomberg
strengthened the cell-phone ban in schools.
During his second term as the mayor of New York City, Bloomberg
unveiled PlaNYC: A Greener, Greater New York on April 22, 2007, to
fight global warming, protect the environment and prepare for the
projected 1 million additional people expected to be living in the
city by the year 2030.
Under PlaNYC, in just 6 years New York City reduced citywide
greenhouse gas emissions by 19% since 2005 and was on track to achieve
a 30% reduction ahead of the
PlaNYC 2030 goal. In October 2007 as
part of PlaNYC, Bloomberg launched the Million Trees NYC initiative,
which aimed to plant and care for one million trees throughout the
city in the next decade. In November 2015, New York City planted its
one millionth tree, two years ahead of the original 10-year
In 2008, Bloomberg convened the New York City Panel on Climate Change
(NPCC), an effort to prepare the city for climate change. In 2012,
Travel + Leisure
Travel + Leisure readers voted New York City the "Dirtiest American
City," for having the most extant litter. Bloomberg has been
involved in motivating other cities to make changes and has spoken
about reducing carbon dioxide emissions, using cleaner and more
efficient fuels, using congestion pricing in New York City, and
encouraging public transportation.
Bloomberg unveiled the
Special Initiative for Rebuilding and
Resiliency (SIRR) in June 2013, after the city was affected by
Hurricane Sandy in October 2012. The $20-billion initiative laid out
extensive plans to protect New York City against future the impacts of
climate change. On September 26, 2013, Bloomberg announced that
his administration's air pollution reduction efforts had resulted in
the best air quality in New York City in more than 50 years. The
majority of the air quality improvement was attributed to the phasing
out of heavy polluting heating oils through New York's "Clean Heat"
program. As a result of the improved air quality, the average
life expectancy of New Yorkers had increased three years during
Bloomberg's tenure, compared to 1.8 years in the rest of the
On issues of domestic and homeland security, Bloomberg has attacked
social conservatives on immigration, calling their stance unrealistic:
"We're not going to deport 12 million people, so let's stop this
fiction. Let's give them permanent status." He supports a federal
ID database that uses
DNA and fingerprint technology to keep track of
all citizens and to verify their legal status. Bloomberg has held
that illegal immigrants should be offered legalization and supported
the congressional efforts of
John McCain and the late
Ted Kennedy in
their attempt at immigration reform in 2007.
Regarding border security, he compared it to the tide, stating, "It's
as if we expect border control agents to do what a century of
communism could not: defeat the natural market forces of supply and
demand... and defeat the natural human desire for freedom and
opportunity. You might as well as sit in your beach chair and tell the
tide not to come in. As long as America remains a nation dedicated to
the proposition that 'all Men are created equal, endowed by their
Creator with certain unalienable Rights, that among these are Life,
Liberty and the pursuit of Happiness', people from near and far will
continue to seek entry into our country."
In 2006, Bloomberg stated on his weekly WABC radio show that illegal
immigration does not strain the financial resources of New York City,
since many immigrants are hard working and "do not avail themselves of
services until their situation is dire".
In January 2011, city schools began a pilot program which allows girls
over 14 years old to be provided with Plan B emergency contraception
without parental consent, unless parents opt out in writing. Beginning
with five schools, the pilot had been expanded to thirteen schools by
In September 2012, the city passed a law limiting the practice of
circumcision among Orthodox Jews. The legislation requires that at
each event, the mohel receives signed consent forms from the parents,
acknowledging that they were notified of health risks associated with
cleaning the wound by sucking blood from the male baby's organ. This
regulation caused an outcry among certain Orthodox Jewish communities
on this alleged infringement of their religious freedom, and
the matter was taken to federal court.
During the same month, the NYC Board of Health approved Bloomberg's
proposal to ban the sale of many sweetened drinks more than 16 ounces
(473 ml) in volume. The limit would have applied to businesses
such as restaurants and movie theaters, but did not apply to grocery
stores, including 7-Eleven. Diet varieties of sweetened drinks were
On March 12, 2013, hours before the ban was scheduled to take effect,
State Supreme Court Justice Milton Tingling struck it down, ruling
that the Board of Health lacked the jurisdiction to enforce it and
that the rule was "arbitrary and capricious". The city appealed the
decision. On July 30, the Appellate Division upheld the lower
court's ruling, stating the Board of Health "failed to act within the
bounds of its lawfully delegated authority" and the ban was a
violation of the separation of powers doctrine, which reserves
legislative power to the legislature and does not allow the board to
"exercise sweeping power to create whatever rule they deem necessary".
Bloomberg announced that the city would appeal the decision.
Bloomberg has been criticized for some of his policies which have been
described by many as facilitating the creation of a nanny state.
Comedian Bill Maher, while on Jimmy Kimmel Live, said that Bloomberg's
soda ban "gives liberals a bad name". In response to the soda
Center for Consumer Freedom ran a full-page ad in The New
York Times featuring an image of Bloomberg's face superimposed on an
elderly female body wearing a dress and scarf, with the title "The
Nanny", and the tagline "New Yorkers Need a Mayor, Not a Nanny."
Others have pointed out that the smoking rate has dropped quickly
during Bloomberg's time in office (which has involved the banning of
smoking in certain areas).
Criticism of Bloomberg's attempt to ban the sale of large soft drinks
was picked up, mostly by Republican and libertarian commentators and
politicians, as a line of attack in political campaigns around the
United States. In one example,
Virginia Attorney General Ken
Rand Paul brought Big Gulps to a joint
appearance for Cuccinelli's ultimately unsuccessful 2013 gubernatorial
campaign to symbolize Bloomberg's efforts to restrict soft drink
sales, criticizing the mayor for wanting "to buy the governor's office
down here", a reference to pro-gun control advertisements his
political action committee was running in the state. Republican
Wisconsin reacted to the ban by inserting language to
prohibit communities from restricting the sale of large soft drinks
throughout the state in a 2013 budget bill.
Response to 9/11
Bloomberg believes that the
September 11, 2001 attacks
September 11, 2001 attacks were not
intended to be solitary events. When he assumed office, he set up a
Counterterrorism Bureau which works along with the NYPD intelligence
division to gather information about terrorism affecting New York City
worldwide. He believes that funding for
Homeland Security by the
federal government should be distributed by risk, where cities that
are considered to have the highest threat for a terrorist attack would
get the most money. Bloomberg is also a supporter of the USA
After the April 15, 2013
Boston Marathon bombings, Bloomberg expressed
the view that terrorism threats may require a reconsideration of civil
liberties, saying "the people who are worried about privacy have a
legitimate worry, but we live in a complex world where you're going to
have to have a level of security greater than you did back in the
olden days, if you will ... our laws and our interpretation of
the Constitution, I think, have to change."
Bloomberg characterizes himself as a fiscal conservative for turning
the city's $6-billion deficit into a $3-billion surplus; however,
Club for Growth
Club for Growth has criticized him because he
increased property taxes and spending while doing so.
Being a fiscal conservative is not about slashing programs that help
the poor, or improve health care, or ensure a social safety net. It's
about insisting services are provided efficiently, get to only the
people that need them, and achieve the desired results. Fiscal
conservatives have hearts too – but we also insist on using our
brains, and that means demanding results and holding government
accountable for producing them.
To me, fiscal conservatism means balancing budgets – not
running deficits that the next generation can't afford. It means
improving the efficiency of delivering services by finding innovative
ways to do more with less. It means cutting taxes when possible and
prudent to do so, raising them overall only when necessary to balance
the budget, and only in combination with spending cuts. It means when
you run a surplus, you save it; you don't squander it. And most
importantly, being a fiscal conservative means preparing for the
inevitable economic downturns – and by all indications, we've
got one coming.
— Michael Bloomberg, speech to UK Conservative Party, September
Bloomberg has expressed a distaste of taxes, stating, "Taxes are not
good things, but if you want services, somebody's got to pay for them,
so they're a necessary evil." As mayor, he did raise property
taxes to fund budget projects; however, in January 2007 he proposed
cuts in property taxes by five percent and cuts in sales taxes,
including the elimination of taxes on clothing and footwear. Bloomberg
pointed to the
Wall Street profits and the real estate market as
evidence that the city's economy is booming and could handle a tax
Bloomberg's self-described fiscal conservatism also led him to
eliminate the existing $6-billion deficit when he assumed office.
Bloomberg balanced the budget of New York City by raising property
taxes and making cuts to city agencies.
Bloomberg is in favor of providing tax breaks to big corporations for
the good of the whole community. As mayor, Bloomberg lobbied the CEO
Goldman Sachs to establish its headquarters across from Ground Zero
by promising $1.65 billion in tax breaks. Regarding this deal,
Bloomberg stated, "This [New York City] is where the best want to live
and work. So I told him [CEO of Goldman Sachs], 'We can help with
minimizing taxes. Minimizing your rent. Improving security. But in the
end, this is about people.'"
Bloomberg had less cordial relations with unions as mayor. In 2002,
when New York City's transit workers threatened to strike, Bloomberg
responded by riding a mountain bike through the city to show how the
city could deal with the transit strike by finding alternate means of
transportation and not pandering to the unions. Three years
later, a clash over wages and union benefits led to a three-day
strike. Negotiations led to the end of the strike in December
Bloomberg is a staunch advocate of free trade and is strongly opposed
to protectionism, stating, "The things that we have to worry about is
this protectionist movement that has reared its head again in this
country...." He worries about the growth of China and fears the
lessening gap between the United States and other countries: "The rest
of the world is catching up, and, there are people that say,
surpassing us. I hope they are wrong. I hope those who think we are
still in good shape are right. But nevertheless, the time to address
these issues is right now."
Bloomberg has placed a strong emphasis on public health and welfare,
adopting many liberal policies. As the mayor he made HIV, diabetes,
and hypertension all top priorities. He extended the city's smoking
ban to all commercial establishments and implemented a trans fat ban
in restaurants. Bloomberg has been a strong supporter of the New
York City Health and Hospitals Corporation – the largest urban
healthcare agency in the United States – serving over 1.3
million New Yorkers, and has touted its use of information technology
and Electronic Health Records to increase efficiency and enhance
patient care. He launched a program called
Opportunity NYC which
is the nation's first-ever conditional cash transfer pilot program
designed to help New Yorkers break the cycle of poverty in the city.
He instituted a $7.5-billion municipal affordable housing plan, the
largest in the nation, that is supposed to provide 500,000 New Yorkers
Bloomberg has expressed concern about poverty and growing
class-divisions stating, "This society cannot go forward, the way we
have been going forward, where the gap between the rich and the poor
As mayor, Bloomberg made trips to Mexico, the United Kingdom, Ireland,
and Israel in the first four months of 2007. In late 2007 he
conducted an Asia trip that brought him to China, where he called for
greater freedom of information to promote innovation. He attended the
United Nations Climate Conference in Bali.
Initially, Bloomberg strongly supported the war in Iraq and the
rationale for going in. He stated, "Don't forget that the war started
not very many blocks from here," alluding to Ground Zero. In
regard to the global
War on Terrorism
War on Terrorism including Iraq he said, "It's
not only to protect Americans. It's America's responsibility to
protect people around the world who want to be free." During the 2004
presidential election campaign, New York City hosted the Republican
National Convention at which Bloomberg endorsed President George W.
Bush for President of the United States.
His enthusiasm seemed to have lessened somewhat over the course of the
war. In August 2005 he said, "I think everybody has very mixed
emotions about the war that was started to find weapons of mass
destruction and then they were not found." Bloomberg expressed
criticism of Democrats in Congress who wanted to set a timetable for
withdrawal from Iraq, calling them "irresponsible".
Preservation and development issues
Bloomberg delivering a speech
Bloomberg is a proponent of large-scale development. He has repeatedly
come down in favor of projects such as the Pacific Park
mega-development, the Hudson Yards redevelopment (even supporting a
subway extension to Hudson Yards), and the
proposal. On smaller-scale issues, Bloomberg usually takes the
side of development as well. He favors the demolition of Admiral's
Row to build a supermarket parking lot. However, Bloomberg has
occasionally come down on the side of preservation, most notably in
vetoing landmark revocation for the Austin Nichols warehouse.
This move was widely applauded by architectural historians. The City
Council overruled the veto shortly thereafter, however.
2008 presidential campaign speculation
See also: Draft Bloomberg movement
On February 27, 2008, Bloomberg announced that he would not run for
president in 2008, and that he would endorse a candidate who takes an
independent and non-partisan approach. He had also stated
unequivocally, live on Dick Clark's New Year's Rockin' Eve, December
31, 2007, that he was not going to run for president in 2008.
Despite prior public statements by Bloomberg denying plans for a
presidential run, many pundits believed Bloomberg would announce
a campaign at a later date. On January 7, 2008, he met at the
University of Oklahoma
University of Oklahoma with a bipartisan group, including (now former)
Chuck Hagel and former Georgia Senator Sam Nunn, both
of whom had been frequently mentioned as possible running mates – to
pressure the major party candidates to promote national unity and
reduce partisan gridlock. Speculation that Bloomberg would choose this
forum to announce his candidacy proved to be unfounded.
In summer 2006, he met with
Al From of the Democratic Leadership
Council, a centrist group, to talk about the logistics of a possible
run. After a conversation with Bloomberg, Republican Senator
Chuck Hagel of
Nebraska suggested that he and Bloomberg could run on a
shared independent ticket for the presidency.
On This Week on June 10, 2007, anchor
George Stephanopoulos included
panelist Jay Carney, who mentioned a conversation between Bloomberg
and top staffers where he heard Bloomberg ask approximately how much a
presidential campaign would cost. Carney said that one staffer
replied, "Around $500 million." According to a Washington Post
article, a $500-million budget would allow Bloomberg to circumvent
many of the common obstacles faced by third party candidates seeking
the White House. On June 19, 2007, Bloomberg left the Republican
Party, filing as an independent after a speech criticizing the current
political climate in Washington.
On August 9, 2007, in an interview with former
CBS News anchor Dan
Rather that aired on August 21, Bloomberg categorically stated that he
was not running for president, that he would not be running, and that
there were no circumstances in which he would, saying, "If somebody
asks me where I stand, I tell them. And that's not a way to get
elected, generally. Nobody's going to elect me president of the United
States. What I'd like to do is to be able to influence the dialogue.
I'm a citizen."
Despite continued denials, a possible Bloomberg candidacy continued to
be the subject of media attention, including a November
story. During a private reception in December 2007, Bloomberg
conducted a version of bingo in which guests were to guess the meaning
of the numbers on a printed card. When Bloomberg asked the
significance of 271, one guest answered correctly: the number of
electoral votes received by
George W. Bush
George W. Bush in 2000. In January
CNN reported that a source close to Bloomberg said that the
mayor had launched a research effort to assess his chances of winning
a potential presidential bid. According to the report, the
unidentified source also stated that Bloomberg had set early March as
a timetable for making a decision as to whether or not to run. On
January 16, 2008, it was reported that Bloomberg's business interests
were placed in "a sort of blind trust" because of his possible run for
the presidency. His interests were put under the management of
Quadrangle Group, co-founded by reported Bloomberg friend Steven
Rattner, though Bloomberg would "continue to have control of and
access to certain investment decisions".
On January 18, 2008, the
Associated Press reported that Bloomberg had
a meeting in
Austin, Texas with Clay Mulford, a ballot-access expert
and campaign manager for Ross Perot's third party presidential
campaigns. Bloomberg denied that the meeting concerned a possible
presidential campaign by him, stating "I'm not a candidate – it
couldn't be clearer. Which of the words do you not understand?"
On February 28, 2008, Bloomberg stated "I am not – and will not be
– a candidate for president." He added that he is "hopeful that the
current campaigns can rise to the challenge by offering truly
independent leadership. The most productive role that I can serve is
to push them forward, by using the means at my disposal to promote a
real and honest debate.
At the same time that the presidential run was being considered, there
was also some speculation that Bloomberg could be a candidate for the
vice presidency in 2008. In a blog posting of June 21, 2007, Ben Smith
The Politico asked the question of whether a vice-presidential
candidate can self-finance an entire presidential ticket.
Rumored gubernatorial campaign
On November 6, 2007, the
New York Post
New York Post detailed efforts by New York
State Republicans to recruit Bloomberg to oppose then-incumbent
Eliot Spitzer in the State's 2010 election. Early polls
indicated Bloomberg would defeat Spitzer in a landslide. (The
potential 2010 match-up became moot when Spitzer resigned on March 17,
2008.) A March 20, 2008, poll of
New York State
New York State voters had the
Mayor topping newly ascended Governor
David Paterson and former New
York City Mayor
Rudy Giuliani for the 2010 gubernatorial
election. Bloomberg denied plans to run for the governorship in
2010, and did not seek the nomination.
2012 presidential campaign speculation and role
In March 2010, Bloomberg's top political strategist Kevin Sheekey
resigned from his mayoral advisory position and returned to Bloomberg
LP, Bloomberg's company. It was speculated that the move would allow
Sheekey to begin preliminary efforts for a Bloomberg presidential
campaign in the 2012 election. An individual close to Bloomberg said,
"the idea of continuing onward is not far from his [Bloomberg's]
In October 2010, The Committee to Draft
Michael Bloomberg – which
had attempted to recruit Bloomberg to run for the presidency in 2008
– announced it was relaunching its effort to persuade Bloomberg to
wage a presidential campaign in 2012. The committee members
insisted that they would persist in the effort in spite of Bloomberg's
repeated denials of interest in seeking the presidency.
While on the December 12, 2010, episode of Meet the Press, Bloomberg
ruled out a run for the presidency in 2012, stating: "I'm not going to
run for president," further adding "I'm not looking at the possibility
of running ... no way, no how." On July 24, 2011, in the
midst of Democrats' and Republicans' inability to agree on a budget
plan and thus an increase in the federal debt limit, the Washington
Post published a blog post about groups organizing third party
approaches. It focused on Bloomberg as the best hope for a serious
third-party presidential candidacy in 2012.
During an appearance on
The Daily Show
The Daily Show in June 2012, London Mayor
Boris Johnson told host
Jon Stewart that he did not know why Bloomberg
had ruled out a bid for the presidency in the upcoming election,
declaring that he would be "a great candidate".
Bloomberg had privately indicated he believed
Mitt Romney would be
better at running the country, but could not publicly support him
because of Romney's positions on social issues such as abortion and
gun control. In the immediate aftermath of
Hurricane Sandy in
November 2012, Bloomberg penned an op-ed officially endorsing Barack
Obama for president, citing Obama's policies on climate
2016 presidential campaign speculation and role
On January 23, 2016, it was reported that Bloomberg was again
considering a presidential run as an independent candidate in the 2016
election. This was the first time he had officially
confirmed he was considering a run. Backers of Bloomberg reasoned
that the Republican and Democratic parties are about to choose
presidential candidates that would repel many voters, and Bloomberg
could capture many of these dissatisfied voters as a centrist.
However, on March 7, Bloomberg announced he would not be running for
president. Bloomberg endorsed
Hillary Clinton at the 2016
Democratic National Convention on July 27.
Bloomberg is a dedicated environmentalist and has advocated policy to
fight climate change at least since he became the mayor of New York
City. At the national level, Bloomberg has consistently pushed for
transitioning the United States’ energy mix from fossil fuels to
clean energy. In July 2011, Bloomberg donated $50 million through
Bloomberg Philanthropies 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. On April 8, 2015,
to build on the success of the
Beyond Coal campaign, Bloomberg
announced an additional
Bloomberg Philanthropies investment of $30
million in the
Beyond Coal initiative, matched with another $30
million by other donors, to help secure the retirement of half of
America's fleet of coal plants by 2017.
Bloomberg awarded a $6-million grant through Bloomberg Philanthropies
Environmental Defense Fund
Environmental Defense Fund in support of strict regulations on
fracking in the 14 states with the heaviest natural gas
In October 2013, Bloomberg and
Bloomberg Philanthropies launched the
Risky Business initiative with former Treasury Secretary Hank Paulson
and hedge-fund billionaire Tom Steyer. The joint effort worked to
convince the business community of the need for more sustainable
energy and development policies by quantifying and publicized the
economic risks the United States faces from the impacts of climate
change. In January 2015, Bloomberg led Bloomberg Philanthropies
in a $48-million partnership with the Heising-Simons family to launch
the Clean Energy Initiative. The initiative supports state-based
solutions aimed at ensuring America has a clean, reliable, and
affordable energy system.
Since 2010, Bloomberg has taken an increasingly global role on
environmental issues. From 2010-13, 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. 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. He
serves as the President of the Board of C40 Cities. In January
2014, Bloomberg began a five-year commitment totaling $53 million
Bloomberg Philanthropies to the Vibrant Oceans Initiative. The
Bloomberg Philanthropies with Oceana, Rare, and
Encourage Capital to help reform fisheries and increase sustainable
On January 31, 2014,
United Nations Secretary General
United Nations Secretary General Ban Ki-moon
appointed Bloomberg as his first
Special Envoy for Cities and Climate
Change to help the United Nations work with cities to prevent climate
change. In September 2014, Bloomberg convened with Ban and global
leaders at the UN Climate Summit to announce definite actions to fight
climate change in 2015.
In late 2014, Bloomberg, Ban Ki-moon, and global city networks
ICLEI-Local Governments for Sustainability (ICLEI), C40 Cities Climate
Leadership Group (C40) and
United Cities and Local Governments
United Cities and Local Governments (UCLG),
with support from UN-Habitat, launched the Compact of Mayors, a global
coalition of mayors and city officials pledging to reduce local
greenhouse gas emissions, enhance resilience to climate change, and
track their progress transparently. To date, over 250 cities
representing more than 300 million people worldwide and 4.1% of the
total global population, have committed to the Compact of Mayors,
which was merged with the
Covenant of Mayors in June 2016.
On June 30, 2015, Bloomberg and mayor of Paris
Anne Hidalgo jointly
announced the creation of the Climate Summit for Local Leaders, which
convened on December 4, 2015. The Climate Summit assembled
hundreds of city leaders from around the world at Paris City
Hall, marking the largest recorded gathering of local
leaders on the subject of fighting climate change. 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.
During the 2015 UN Climate Change Conference in Paris, Mark Carney,
Governor of the
Bank of England
Bank of England and chair of the Financial Stability
Board, announced that Bloomberg will lead a new global task force
designed to help industry and financial markets understand the growing
risks of climate change.
Bloomberg and former
Sierra Club Executive Director Carl Pope
co-authored a book on climate change “Climate of Hope: How Cities,
Businesses, and Citizens Can Save the Planet,” published by St.
Martin’s Press. The book was released 18 April 2017 and
appeared on the New York Times hardcover nonfiction best seller
Following the announcement that the U.S. government would withdraw
from the Paris climate accord, Bloomberg announced that a coalition of
cities, states, universities and businesses had come together to honor
America's commitment under the agreement through 'America's
Pledge.' Through Bloomberg Philanthropies, he offered "up to $15
million to support the U.N. agency that helps countries implement the
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." In announcing the initiative, Bloomberg said
"the American government may have pulled out of the Paris agreement,
but American society remains committed to it."
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
On August 25, 2016,
Bloomberg Philanthropies and Harvard University
announced the creation of the joint Bloomberg Harvard City Leadership
Initiative. Funded by a $32 million gift from Bloomberg, the
Initiative will host up to 300 mayors and 400 staff from around the
world over the next four years in executive training programs focused
on increasing effective public sector management and innovation at the
Bloomberg hosted the Global Business Forum on September 20, 2017. The
event was held during the annual meeting of the United Nations General
Assembly and featured international CEOs and heads of state. The
forum "took place during the elite space once held by the Clinton
Global Initiative Annual Meeting," and former President Bill Clinton
served as the first speaker. The mission of the event was to
discuss "opportunities for advancing trade and economic growth, and
the related societal challenges..." In addition to Clinton and
Bloomberg, speakers included
Microsoft co-founder and philanthropist
Bill Gates, Apple CEO Tim Cook,
World Bank President Jim Kim, IMF head
Christine Lagarde, Canadian Prime Minister Justin Trudeau, and French
President Emmanuel Macron.
According to a profile of Bloomberg in Fast Company, his Bloomberg
Philanthropies foundation has five areas of focus: public health, the
arts, government innovation, the environment, and education.
According to the Chronicle of Philanthropy, Bloomberg was the
third-largest philanthropic donor in America in 2015. Through his
Bloomberg Philanthropies Foundation, he has donated and/or pledged
$240 million in 2005, $60 million in 2006, $47 million in 2007, $150
million in 2009, $332 million in 2010, $311 million in 2011, and $510M
2011 recipients included the Campaign for Tobacco-Free Kids; Centers
for Disease Control and Prevention; Johns Hopkins Bloomberg School of
World Lung Foundation
World Lung Foundation and the World Health
Organization. In 2013 it was reported that Bloomberg had donated
$109.24 million in 556 grants and 61 countries to campaigns against
tobacco. According to The New York Times, Bloomberg was an
"anonymous donor" to the
Carnegie Corporation from 2001 to 2010, with
gifts ranging from $5 million to $20 million each year. 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 continues to support the
arts through his foundation.
In 1996, Bloomberg endowed the William Henry Bloomberg Professorship
at Harvard with a $3 million 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." Bloomberg also endowed his hometown synagogue,
Temple Shalom, which was renamed for his parents as the William and
Charlotte Bloomberg Jewish Community Center of Medford.
Bloomberg reports giving $254 million in 2009 to almost 1,400
nonprofit organizations, saying, "I am a big believer in giving it all
away and have always said that the best financial planning ends with
bouncing the check to the undertaker." Bloomberg has donated over
$1.8 billion to more than 850 charities.
In July 2011, Bloomberg launched a $24 million initiative to fund
"Innovation Delivery Teams" in five cities. The teams are one of
Bloomberg Philanthropies' key goals: advancing government
innovation. In December 2011,
Bloomberg Philanthropies launched a
partnership with online ticket search engine
SeatGeek to connect
artists with new audiences. Called the Discover New York Arts Project,
the project includes organizations HERE, New York Theatre Workshop,
and the Kaufman Center. In his final term as mayor, Bloomberg
earmarked a substantial appropriation to The Shed, a new arts center
planned for Hudson Yards on the far west side of Manhattan. He
continued his support for The Shed after his time as mayor with a
philanthropic donation of $75 million. The Shed "will present
performances, concerts, visual art, music and other events."
On March 22, 2012, Bloomberg announced his foundation was pledging
$220 million over four years in the fight against global tobacco
Bloomberg has donated $200 million toward the construction of new
buildings at Johns Hopkins Hospital, the teaching hospital and
biomedical research facility of
Johns Hopkins University
Johns Hopkins University School of
Medicine, including the Charlotte R. Bloomberg Children's Center.
In January 2013,
Johns Hopkins University
Johns Hopkins University announced that with a recent
$350 million gift, Bloomberg's total giving to his undergraduate alma
mater surpassed $1.1 billion; his first gift to the school, 48 years
prior, had been a $5 donation. Five-sevenths of the $350 million
gift is allocated to the Bloomberg Distinguished Professorships,
endowing 50 Bloomberg Distinguished Professors (BDPs) whose
interdisciplinary expertise crosses traditional academic
In September 2016, on the School of Public Health's centennial
Bloomberg Philanthropies contributed $300 million to
establish the Bloomberg American Health Initiative, bringing his total
lifetime contribution to the university to $1.5 billion.
On March 29, 2016, Bloomberg joined Vice President
Joe Biden at Johns
Hopkins University to announce the creation of The Bloomberg–Kimmel
Institute for Cancer Immunotherapy at Johns Hopkins School of Medicine
in East Baltimore. The Institute was launched with a $50
million gift by Bloomberg, a $50 million gift by philanthropist Sidney
Kimmel, and $25 million from other donors. It will support cancer
therapy research, technology and infrastructure development, and
private sector partnerships. The Institute embraces the spirit of
Vice President Biden's "cancer moonshot" initiative, which seeks to
find a cure for cancer through national coordination of government and
private sector resources.
He is the founder of
Everytown for Gun Safety
Everytown for Gun Safety (formerly Mayors Against
Illegal Guns), a gun control advocacy group. On August 17, 2016, the
World Health Organization
World Health Organization appointed Bloomberg as its Global Ambassador
for Noncommunicable Diseases. In this role, Bloomberg will
mobilize private sector and political leaders to help the WHO reduce
deaths from preventable diseases, traffic accidents, tobacco, obesity,
and alcohol. WHO Director-General
Margaret Chan cited Bloomberg's
ongoing support for WHO anti-smoking, drowning prevention, and road
safety programs in her announcement of his new role.
In a ceremony on October 18, 2016, the Museum of Science, Boston
announced a $50 million gift from Bloomberg. The donation marks
Bloomberg's fourth gift to the museum, which he credits with sparking
his intellectual curiosity as a patron and student during his youth in
Medford, Massachusetts. The endowment will support and rename the
museum's education division as the William and Charlotte Bloomberg
Science Education Center, in honor of Bloomberg's parents. It is the
largest donation in the museum's 186-year history.
On December 5, 2016,
Bloomberg Philanthropies became the largest
funder of tobacco-control efforts in the developing world. The group
announced a $360 million commitment on top of their pre-existing
commitment, bringing his total contribution close to $1 billion. This
new donation will help expand its previous work, such as getting
countries to monitor tobacco use, introduce strong tobacco-control
laws, and create mass media campaigns to educate the public about the
dangers of tobacco use. The program includes 110 countries, among them
Indonesia and Bangladesh.
In 1975, Bloomberg married Susan Elizabeth Barbara Brown, a British
national from Yorkshire, United Kingdom. They had two daughters:
Emma (born c. 1979) and Georgina (born 1983), who were featured on
Born Rich, a documentary film about the children of the extremely
wealthy. Bloomberg divorced Brown in 1993, but he has said she remains
his "best friend." As of 2010, Bloomberg was living with former
New York state banking superintendent Diana Taylor. His
daughter Emma is married to Christopher Frissora, son of billionaire
businessman Mark Frissora.
Michael Bloomberg and his daughters own houses in
Bermuda and stay
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. Neither of
his daughters were raised Jewish.
Licensed as a commercial pilot, Bloomberg pilots an AW109
helicopter, and is near the top of the waiting list for an AW609
tiltrotor aircraft. In his youth he was a licensed amateur radio
operator, was proficient in Morse code, and built ham radios.
His younger sister, Marjorie Tiven, has been Commissioner of the New
York City Commission for the United Nations, Consular Corps and
Protocol, since February 2002.
In 2013, he owned 13 properties in various countries around the world,
including a mansion built in the Georgian style. His newest
acquisition is a historical property located in London that once
belonged to writer George Eliot.
Awards and honors
At the 2007 commencement exercises for Tufts University, Bloomberg
delivered the commencement address. He was awarded an honorary
Public Service from the university. Likewise, Bloomberg
delivered the 2007 commencement address at Bard College, where he was
also awarded an honorary degree of Doctor of Humane Letters. In
February 2003, he received the "Award for Distinguished Leadership in
Global Capital Markets" from the Yale School of Management.
Bloomberg was named the 39th most influential person in the world in
the 2007 and 2008 Time 100. In October 2010, Vanity Fair ranked
him #7 in its "Vanity Fair 100: The New Establish 2010."
In May 2008, Bloomberg was awarded an honorary doctorate of laws from
the University of Pennsylvania, where he delivered the commencement
speech to the class of 2008. Bloomberg delivered the commencement
address to the class of 2008 at Barnard College, located in New York
City, after receiving the Barnard Medal of Distinction, the College's
In 2009, he received the honorary degree of Doctor of Humane Letters
from Fordham University. In May 2011, Bloomberg was the speaker
for Princeton University's 2011 baccalaureate service.
In June 2014, Bloomberg was the speaker for Williams College's 2014
commencement. He received an honorary degree as doctor of
laws. Bloomberg was given a tribute award at the 2007 Gotham
Awards, a New York City-based celebrator of independent film. On
November 19, 2008, Bloomberg received The Hundred Year Association of
New York's Gold Medal "in recognition of outstanding contributions to
the City of New York". Additionally, he was awarded an honorary
doctorate at Fordham University's 2009 commencement ceremonies.
In 2009, Bloomberg received a Healthy Communities Leadership Award
Leadership for Healthy Communities – a Robert Wood Johnson
Foundation national program – for his policies and programs that
increase access to healthful foods and physical activity options in
the city. For instance, to increase access to grocery stores in
underserved areas, the Bloomberg administration developed a program
called FRESH that offers zoning and financial incentives to
developers, grocery store operators and land owners. His
administration also created a Healthy Bodega initiative, which
provides healthful food samples and promotional support to grocers in
lower-income areas to encourage them to carry one-percent milk and
fruits and vegetables. Under Bloomberg's leadership, the city
passed a Green Carts bill, which supports mobile produce vendors
in lower-income areas; expanded farmers' markets using the city's
Health Bucks program which provides coupons to eligible individuals to
buy produce at farmers' markets in lower-income areas; and
committed $111 million in capital funding for playground
improvements. New York also was one of the first cities in the
nation to help patrons make more informed decisions about their food
choices by requiring fast-food and chain restaurants to label their
menus with calorie information.
In 2010, Bloomberg received the U.S. Senator John Heinz Award for
Public Service by an Elected or Appointed Official, an award
given out annually by Jefferson Awards.
In 2013, Bloomberg was chosen as the inaugural laureate of the Genesis
Prize, a $1-million award to be presented annually for Jewish
values. He will invest his US $1M award in a global
competition, the Genesis Generation Challenge, to identify young
adults' big ideas to better the world.
In 2014, Bloomberg was bestowed the honorary degree of Doctor of Laws
Harvard University in recognition of his public service and
leadership in the world of business.
On October 6, 2014, Queen
Elizabeth II awarded Bloomberg as Honorary
Knight Commander of the Order of the British Empire for his
"prodigious entrepreneurial and philanthropic endeavors, and the many
ways in which they have benefited the United Kingdom and the U.K.-U.S.
special relationship." As Bloomberg is not a citizen of the United
Kingdom, he cannot use the title "Sir", but may, at his own
discretion, use the post-nominal letters "KBE".
In 2015, the
Bloomberg Terminal was featured prominently in the "Tools
of the Trade" financial technology exhibit in Silicon Valley's
Computer History Museum, as well as the Smithsonian National Museum of
In March 2017, Bloomberg was ranked sixth on the UK-based company
Richtopia's list of 200 Most Influential Philanthropists and Social
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^ a b "Michael Bloomberg". Forbes. Archived from the original on
January 6, 2018. Retrieved January 6, 2018.
^ "About Mike Bloomberg". mikebloomberg.com. 2015. Archived from the
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^ Banjo, Shelly (2010-08-05). "Mayor Pledges Wealth". Wall Street
Journal. ISSN 0099-9660. Retrieved 2017-04-22.
^ Harris, Elizabeth A. (June 20, 2011). "Charlotte R. Bloomberg,
Mayor's Mother, Is Dead at 102". The New York Times. Retrieved
November 7, 2011.
^ "Michael Bloomberg". Encyclopædia Britannica.
^ "Baker Library/Bloomberg Center". Harvard Business School. Retrieved
October 13, 2017.
^ Harris, Elizabeth A. (2011-06-20). "Charlotte R. Bloomberg, Mayor's
Mother, Dies at 102". The New York Times. ISSN 0362-4331.
^ Purnick, Joyce (October 9, 2009). "Mike Bloomberg". The New York
^ Ford, Beverly; Lovett, Kenneth; Blau, Reuven; Einhorn, Erin;
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Brash, Julian. Bloomberg's New York: Class and Governance in the
Luxury City (University of Georgia Press; 2010) 344 pages. Uses
anthropology and geography to examine the mayor's corporate-style
governance, with particular attention to the Hudson Yards plan, which
aims to transform the far West Side into a high-end district.
Brash, Julian. "The ghost in the machine: the neoliberal urban visions
of Michael Bloomberg." Journal of Cultural Geography 29.2 (2012):
David, Greg. Modern New York: The Life and Economics of a City (2012).
Klein, Richard. "Nanny Bloomberg." Society 51.3 (2014): 253-257,
Regarding the "nanny state"
Purnick, Joyce. Mike Bloomberg: Money, Power, Politics (2009)
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