Jump To Michael Bloomberg's Stats
The sitting Mayor of New York City holds court over the big apple while occupying the status of one of the world's richest people. Michael Bloomberg has grown his net worth to $325,555,585. Bloomberg currently is serving an unprecedented third term as mayor with a mandate to bring continued fiscal responsibility to one of the world's most bustling cities.
Bloomberg revolutionized how financial data was moved, stored and translated. His innovation grew not only his stature on Wall Street but also his bank account. A veteran of the former Salomon Brothers brokerage firm, Bloomberg turned his $10 million severance check into a multi-billion dollar empire.
Beside his business acumen with computer systems and data manipulation, Bloomberg expanded his interests into the media realm. Today, his Bloomberg Magazine and television network provides real time information from around the world that most financial institutions can rely. The Johns Hopkins and Harvard graduate couldn't sit still with all those accomplishment. He needed something new to tackle.
In 2001 on the heels of Mayor Rudy Giuliano's departure from the office, Bloomberg ramped up his sights as a politician. He was elected as New York City's 108th leader. One of his greatest accomplishments in office has been to make its residents believe that their concerns or complaints would not be ignored. The establishment of the city's 311 line made New Yorkers believe just that.
As the incumbent, Bloomberg gained re-election twice. He managed to garner support for a third term in 2009 because the country and New York City were in the middle of a financial meltdown. People believed that his candidacy would be beneficial despite term limit restrictions so his extension was carved into history.
With Bloomberg's wealth, his philanthropy has gone to medical research, education and the arts. This highly regarded politician has been recognized by numerous universities, publications and the residents of New York City. His bank account thanks him too.