Profile

Michael Bloomberg is the 108^th Mayor of the City of New York (Big Apple), and also the world’s richest mayor.  He is a man of outstanding resume: a philanthropist, mayor, business mogul, and billionaire. Born in 1942 Boston, Bloomberg was raised in a middle class home in Medford, Massachusetts. He excelled in his studies, where he demonstrated an interest in technology. This led to him pursuing a degree in engineering in Johns Hopkins University, where he paid his tuition by taking loans and working as a parking lot attendant. After which, Bloomberg went on to receive an MBA from Harvard Business School. Armed with impressive education, he went to work at Wall Street firm Salomon Brothers (An investment bank).

Bloomberg quickly advanced through the ranks and became a partner of the Salomon Brothers, where he oversaw equity trading and sales before heading towards information systems. Nine years later, he was dismissed from the firm after another company took over the Salomon Brothers. With a vision of an information company that would use technological development to bring transparency and efficiency to buyers and sellers of financial securities, Bloomberg cashed out a stake worth $10 million from his previous job and launched a small start-up company known as Bloomberg L.P.

Decades after the formation of Bloomberg L.P. Bloomberg threw himself into philanthropy, displaying regard for the improvement of education and medical research. He donated his time and resources to many different social causes, sitting on the boards of numerous charitable, cultural, and educational institutions. Bloomberg financed programs for domestic violence victims, the homeless, and high school education. Among the board of the dozen institutions he sat on included: the Lincoln Center for the Performing Arts, the Metropolitan Museum of Art, and John Hopkins University.

Bloomberg entered the race for Mayor of the City of New York in 2001, and was elected as mayor in the aftermath of the 9/11 incident. This was a time when many believed that crime would return, that businesses would flee, and that irreparable damage will be done to New York as a whole. Instead, through plentiful innovative new policies and initiatives, Bloomberg has made New York City a safer, stronger, and greener place, fulfilling his role as Big Apple’s Mayor.