Michael Bloomberg
American businessman, philanthropist and former Mayor of New York City; cofounder of Bloomberg L.P.
| Michael Bloomberg
| |
|---|---|
| Born | 14 2 1942 (age 84 years old (as of 2026)
) United States |
| Occupation | businessman, philanthropist and politician |
| Known for | Cofounder of Bloomberg L.P.; Bloomberg Philanthropies; Mayor of New York City 2002–2013 |
| Education | Harvard Business School; Johns Hopkins University |
Michael Bloomberg (born 14 February 1942) is an American businessman, philanthropist and former Mayor of New York City, cofounder of Bloomberg L.P..[1] On 20 October 2026 the Forbes Real-Time Billionaires list ranked Bloomberg 20th in the world, with an estimated net worth of US$94.9 billion; Forbes gives the source of wealth as Bloomberg LP.[2]
Background
Born 14 February 1942 in the United States.[1]
In its 2026 Richest in each state profile text, Forbes stated: "As a teenager, Bloomberg worked at an electronics company in Cambridge, Massachusetts."[1]
Education
Johns Hopkins University (bachelor’s degree); Harvard Business School (MBA).[1]
Career and companies
Salomon Brothers from 1966; cofounded Bloomberg LP in 1981 and owns 88% of it.[1]
How the wealth was made
Bloomberg LP (financial information and media).[1]
Wealth history
Forbes has included this person in its annual World's Billionaires list in 26 of the editions from 2001 to 2026 checked for this profile, starting with 2001. The table gives the rank and estimated net worth in each annual list, and, where applicable, the rank and estimate in the Forbes 400 list of the richest Americans.[3][1]
| Year | World's Billionaires rank | Net worth (US$ bn) | Forbes 400 rank | Forbes 400 net worth (US$ bn) |
|---|---|---|---|---|
| 1997 | – | – | 117 | 1.3 |
| 1998 | – | – | 82 | 2.0 |
| 1999 | – | – | 92 | 2.5 |
| 2001 | 82 | 4.5 | 42 | 4.0 |
| 2002 | 72 | 4.4 | 29 | 4.8 |
| 2003 | 63 | 4.8 | 36 | 4.9 |
| 2004 | 85 | 4.9 | 34 | 5.0 |
| 2005 | 94 | 5.0 | 40 | 5.1 |
| 2006 | 112 | 5.1 | 44 | 5.3 |
| 2007 | 142 | 5.5 | 25 | 11.5 |
| 2008 | 65 | 11.5 | 8 | 20.0 |
| 2009 | 17 | 16.0 | 8 | 17.5 |
| 2010 | 23 | 18.0 | 10 | 18.0 |
| 2011 | 30 | 18.1 | 12 | 19.5 |
| 2012 | 20 | 22.0 | 10 | 25.0 |
| 2013 | 13 | 27.0 | 10 | 31.0 |
| 2014 | 16 | 33.0 | 8 | 35.0 |
| 2015 | 14 | 35.5 | 8 | 38.6 |
| 2016 | 8 | 40.0 | 6 | 45.0 |
| 2017 | 10 | 47.5 | 8 | 46.8 |
| 2018 | 11 | 50.0 | 10 | 51.8 |
| 2019 | 9 | 55.5 | 8 | 53.4 |
| 2020 | 16 | 48.0 | 14 | 55.0 |
| 2021 | 20 | 59.0 | 10 | 70.0 |
| 2022 | 12 | 82.0 | 9 | 76.8 |
| 2023 | 7 | 94.5 | 10 | 96.3 |
| 2024 | 12 | 106.0 | 10 | 105.0 |
| 2025 | 14 | 105.0 | 13 | 109.0 |
| 2026 | 18 | 109.0 | 16 | 94.9 |
Philanthropy
Forbes reports he gave away $4.3 billion in 2025 and more than $25.4 billion in his lifetime (gun safety, climate, education and other causes), including a $1 billion pledge to Johns Hopkins in 2024.[1]
Foundation-level: the following private foundation figures are taken from the IRS Form 990-PF data published by ProPublica Nonprofit Explorer. Total assets are as reported at the end of each tax year; "grants paid" is the 990-PF line for contributions, gifts and grants paid.[4]
| Foundation | Tax year | Total assets, end of year | Contributions, gifts and grants paid | Contributions received |
|---|---|---|---|---|
| Bloomberg Family Foundation Inc | 2023 | 11,808.4 | 1,005.9 | 1,152.6 |
| Bloomberg Family Foundation Inc | 2022 | 11,529.7 | 977.3 | 1,343.1 |
| Bloomberg Family Foundation Inc | 2021 | 13,046.8 | 1,065.6 | 1,213.0 |
| Bloomberg Family Foundation Inc | 2020 | 11,114.7 | 497.1 | 829.0 |
Signed the Giving Pledge in 2010. His pledge letter states that “nearly all of my net worth will be given away in the years ahead or left to my foundation.”[5][6]
Political donations and public roles
Itemised contributions recorded by the Federal Election Commission (FEC). Totals are lower bounds: only the top 100 records per name and cycle were retrieved, and memo entries are excluded.[7]
| Cycle | Total (US$, lower bound) | Records | Largest recipient committees (as filed with the FEC) |
|---|---|---|---|
| 2022 | $40,701,826 | 36 | House Majority PAC ($22,180,000); LCV Victory Fund ($7,900,000); Women Vote! ($5,500,000); Independence USA PAC ($2,072,026) |
| 2024 | $50,914,549 | 99 | FF PAC ($19,000,000); HMP ($13,000,000); Everytown-Demand a Seat PAC ($7,000,000); LCV Victory Fund ($2,750,000) |
| 2026 | $22,954,830 | 31 | Stand for New York PAC ($11,000,000); 314 Action Fund ($5,400,000); One Giant Leap PAC ($5,000,000); In Union USA ($500,000) |
Mayor of New York City 2002–2013; ran for president in 2020.[1]
For his 2020 campaign for the Democratic presidential nomination, FEC candidate totals (coverage 1 October 2019 – 31 December 2020) record $1,089,225,532 in contributions from the candidate himself, out of total receipts of $1,124,592,945; disbursements were $1,121,170,037.[7]
Controversies and legal cases
No legal cases were found in the sources checked.
International and political links
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."
Israel (investments, operations, donations, contracts, statements)
On 23 July 2014, after the FAA banned US airlines from flying to Israel, Bloomberg flew to Ben-Gurion airport on El Al and was met by Prime Minister Netanyahu.[8] Foundation-level: Bloomberg Philanthropies committed $27.8 million (NIS 100 million) to “innovation hubs” in Israeli municipalities hardest hit after 7 October 2023 (reported December 2024).[9]
Zionist or pro-Israel organisations and lobbying groups
No documented involvement found in sources checked.
Jewish communal charities
No documented involvement found in sources checked.
Gulf states
No documented involvement found in sources checked.
China
No documented involvement found in sources checked.
Russia
No documented involvement found in sources checked.
India
No documented involvement found in sources checked.
Palestinian or Arab causes
No documented involvement found in sources checked.
Home government
Mayor of New York City 2002–2013.[1]
Other international links
On 2 June 2017, as the UN Secretary-General’s Special Envoy for Cities and Climate Change, Bloomberg announced a commitment of up to $15 million to support the operations of the UNFCCC secretariat.[10]
External links
Notes
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 Forbes, Forbes profile record for Michael Bloomberg (Forbes data feed behind forbes.com/profile/michael-bloomberg/) Forbes, live record, real-time timestamp 20 October 2026, accessed 20 October 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 20 October 2026 11:51 UTC, accessed 20 October 2026.
- ↑ 3.0 3.1 Forbes, Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read) Forbes, annual lists; downloaded 20 October 2026, accessed 20 October 2026.
- ↑ 4.0 4.1 ProPublica Nonprofit Explorer, Bloomberg Family Foundation Inc (EIN 20-5602483) – Nonprofit Explorer record with IRS Form 990-PF financial data ProPublica Nonprofit Explorer, IRS filings as processed by ProPublica; accessed 20 October 2026, accessed 20 October 2026.
- ↑ The Giving Pledge, Michael R. Bloomberg – pledger page and pledge letter The Giving Pledge, pledge 2010, accessed 20 October 2026.
- ↑ The Giving Pledge, Pledger list The Giving Pledge, live page, accessed 20 October 2026.
- ↑ 7.0 7.1 U.S. Federal Election Commission, OpenFEC Schedule A (itemised individual contributions) query, contributor name "BLOOMBERG, MICHAEL"; 2024 cycle shown in link, the 2022, 2024 and 2026 cycles were queried with the same parameters; top 100 records per name and cycle; compiler filtered by employer/occupation and excluded memo entries from totals U.S. Federal Election Commission, data as filed; queried 20 October 2026, accessed 20 October 2026.
- ↑ Associated Press, Bloomberg lands in Israel in show of support Associated Press, 23 July 2014, accessed 20 October 2026.
- ↑ eJewishPhilanthropy, Bloomberg's $27.8 million project to boost Israeli cities hit hardest by war is 'up and running' eJewishPhilanthropy, 6 December 2024, accessed 20 October 2026.
- ↑ UNFCCC, Bloomberg Philanthropies Commits USD 15 Million to Fill Budget Gap Left by Trump’s Revoking US Support For UN Climate Treaty UNFCCC, 2 June 2017, accessed 20 October 2026.