Michael Rubens Bloomberg (born February 14, 1942) is an American politician, businessman, and author. He is the co-founder, CEO, and majority owner of Bloomberg L.P. He was mayor of New York City from 2002 to 2013. He is a candidate in the Democratic Party primaries for the 2020 United States presidential election.
Bloomberg grew up in Medford, Massachusetts and attended Johns Hopkins University and Harvard Business School. 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. He is the co-founder, CEO, and majority owner of Bloomberg L.P., global financial services, and is known for its Bloomberg Terminal. As of November 2019, this made him the 9th richest person in the United States and the 14th richest person in the world; his net worth was estimated at $58 billion. Since signing The Giving Pledge whereby billionaires pledge to give away at least half of their wealth, Bloomberg has given away $8.2 billion. Of $3.3 billion he gave to the school, his $1.8 billion gifts in 2018 to Johns Hopkins University for student financial aid was the largest private donation ever made to a higher education institution.
Bloomberg News (originally Bloomberg Business News), is an international news agency headquartered in New York and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief.
In 2009, Bloomberg L.P. purchased New Energy Finance, a data company focused on energy investment and carbon market research based in the United Kingdom. New Energy Finance was created by Michael Liebreich in 2004, to provide news, data, and analysis on carbon and clean energy markets. Bloomberg L.P. acquired the company to become an industry resource for information to support low-carbon energy development. It was renamed to Bloomberg New Energy Finance or BNEF for short. Liebreich continued to lead the company, serving as the chief executive officer until 2014, when he stepped down as CEO but remained involved as Chairman of the Advisory Board.
The company has been renamed BloombergNEF or BNEF for short. BloombergNEF has expanded its research areas to cover renewable energy, advanced transport, digital industry, innovative materials, sustainability, and commodities. BNEF provides research, long-term forecasts, analytical tools and global in-depth analysis covering a wide range of energy and related industries. Analysts covering 6 continents publish more than 700 research reports a year.