Wednesday, January 6, 2021

Michael Bloomberg: American businessman and philanthropist

Michael Rubens Bloomberg was born on February 14, 1942. He was raised in the Medford neighborhood of Boston, Massachusetts, the grandson of Russian Jewish immigrants.

The son of a bookkeeper, Bloomberg attended Johns Hopkins University, where he paid his tuition by taking loans and working as a parking lot attendant. After college, he went on to receive his MBA from Harvard Business School. In 1966 Bloomberg was hired by a Wall Street firm, Salomon Brothers, for an entry-level job where in he moved to New York City.

When Salomon Brothers was bought in 1981, Bloomberg started his own company, Bloomberg L.P., built around a financial information computer that revolutionized the way securities data was stored and consumed. The company started with its flagship Bloomberg Terminal and saw itself grow to over 10,000 installed units within its first 10 years of operation. It subsequently built off its success by implementing Bloomberg News, an international financial news provider.

As his company grew, Bloomberg started directing more of his attention to philanthropy, donating his time and resources to many different causes.
Michael Bloomberg: American businessman and philanthropist

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