Michael Bloomberg Net Worth 2020

Net Worth: $60.1 Billion
Age: 78
Height: 1.72 m
Born: February 14, 1942
Country of Origin: Medford, Oregon
Residence: Manhattan, New York
Source of Wealth: Bloomberg, Every town for Gun Safety
Profession: Businessman, politician, philanthropist, author
Marital Status: Divorced
Children: 2
Education: Harvard University
Last Updated: 2020

Introduction

Michael Bloomberg is a billionaire businessman and a former three-term mayor of New York City. He is a global leader on climate change, public health, education, and other critical issues facing America and the world. Michael is also the founder of a financial data services firm.

As of 2020, Michael Bloomberg’s Net Worth is an estimated $60.1 Billion.

Early Life

Michael Bloomberg was born on February 14th to William Henry Bloomberg and Charlotte Bloomberg. He grew up in Medford. Michael’s family is Jewish. The family lived in Allston until Bloomberg was 2 years old, followed by Brookline and then finally settling in Medford. Michael is an eagle scout and graduated from Medford High School in 1960.

Career                                   

Michael Bloomberg went to Johns Hopkins University from his degree in electrical engineering. He then went to Harvard University to do his Master’s in Business Administration degree. In 1973 Bloomberg became a general partner at Solomon Brothers, where he headed the equity trading.

Michael Bloomberg cofounded financial information and media company Bloomberg LP. He owns 88% of the company. He has served as the mayor of New York City for 12 years, and one of the 4 individuals to have served that long. As one of the wealthiest men in the world, Bloomberg turned his attention to philanthropy with an emphasis on education, medical research, and arts. He has also written an autobiography called Bloomberg by Bloomberg,

Net Worth Last 5 Years

2019: Net Worth was $55.5 billion.

2018: Net Worth was $54 billion.

2017: Net Worth was $53 billion.

2016: Net Worth was $51.2 billion.

2015: Net Worth was $50.6 billion

Cars/Home/Private Jets/Yachts

 Bloomberg is usually seen driving Chevrolet Suburban but he also owns a V10 Audi R8. Bloomberg reportedly owns 8 houses in New York City. But also owns several properties in London, Florida, Colorado, and Bermuda. He also owns his own fleet of private jets and helicopters. Mr. Michael also owns a $79 million yacht with a 4 story elevator.

Top Quotes 

1. We will go forward, we will never go back.- Michael Bloomberg

2. Progress really is possible.- Michael Bloomberg

3. People use so much more health care when they live longer.- Michael Bloomberg

4. Trees will improve property values, take pollutants out of the air, and help with water runoff.- Michael Bloomberg

5. You can’t sit there and worry about everything.- Michael Bloomberg

Key Points to Conclude

• He cofounded financial information and media company Bloomberg LP in 1981.
• He is a major philanthropist
• He is the mayor of New York City for 12 years.
• He is the 9th richest person in the world.
• He has written an autobiography, Bloomberg by Bloomberg.

Summary

The 77-year-old billionaire philanthropist spent 15 years working in finance, before getting fired when he was 39. With the severance check, he co-started his own IT firm, which he called Bloomberg LP. 15 years he was a billionaire. He was also elected as the mayor of New York.
As of 2020, Michael Bloomberg’s Net Worth is an estimated $60.1 Billion.
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