Michael Bloomberg is an American entrepreneur, politician, and philanthropist. He co-founded and led Bloomberg L.P., a financial data and media company, and served three terms as the mayor of New York City (2002-2013). He was a candidate for the 2020 Democratic presidential nomination and received the Presidential Medal of Freedom in 2024. He chairs the Defense Innovation Board, advising the U.S. Department of Defense on technology.
1906: Birth of William Henry Bloomberg
William Henry Bloomberg, Michael Bloomberg's father, was born in 1906. He worked as a bookkeeper for a dairy company.
1909: Birth of Charlotte Bloomberg
Charlotte Bloomberg, Michael Bloomberg's mother, was born in 1909. She lived until 2011.
February 14, 1942: Birth of Michael Bloomberg
Michael Rubens Bloomberg was born on February 14, 1942, marking the beginning of a life that would see him become a prominent businessman, politician, philanthropist, and author.
1960: Graduated from Medford High School
In 1960, Michael Bloomberg graduated from Medford High School.
1963: Death of William Henry Bloomberg
In 1963, William Henry Bloomberg, Michael Bloomberg's father, passed away suddenly while Michael was in college.
1964: Graduated from Johns Hopkins University
In 1964, Michael Bloomberg graduated from Johns Hopkins University with a Bachelor of Science degree in electrical engineering.
1966: Graduated from Harvard Business School
In 1966, Michael Bloomberg earned a Master of Business Administration (MBA) degree from Harvard Business School.
1966: Hired by Salomon Brothers
In 1966, Michael Bloomberg was hired by Salomon Brothers, a large Wall Street investment bank, marking the start of his career in finance.
1972: Became General Partner at Salomon Brothers
In 1972, Michael Bloomberg was promoted to general partner at Salomon Brothers, where he headed equity trading and systems development.
1975: Marriage to Susan Elizabeth Barbara Brown
In 1975, Michael Bloomberg married Susan Elizabeth Barbara Brown, a British national from Yorkshire, United Kingdom.
1979: Birth of Daughter Emma
Around 1979, Michael Bloomberg's first daughter, Emma, was born.
1981: Fired from Salomon Brothers
In 1981, Michael Bloomberg was fired from Salomon Brothers after the company was bought by Phibro Corporation. He received $10 million for his equity in the firm.
1981: Formed Bloomberg L.P.
In 1981, Michael Bloomberg founded Bloomberg L.P., a financial information, software, and media company known for its Bloomberg Terminal.
1981: Co-founder and CEO of Bloomberg L.P.
In 1981, Michael Bloomberg co-founded Bloomberg L.P. and served as its CEO, a position he held until 2001 and then again from 2014 to 2023.
December 1982: Released Market Master Terminal
In December 1982, Michael Bloomberg's company, Innovative Market Systems, released the Market Master terminal, which delivered real-time market data and financial analytics to Wall Street firms.
1983: Birth of Daughter Georgina
In 1983, Michael Bloomberg's second daughter, Georgina, was born.
1986: IMS Renamed Bloomberg L.P.
In 1986, Innovative Market Systems (IMS) was renamed Bloomberg L.P. The company expanded its offerings to include Bloomberg News, Bloomberg Radio, Bloomberg Message, and Bloomberg Tradebook.
1993: Divorce from Susan Elizabeth Barbara Brown
In 1993, Michael Bloomberg divorced Susan Elizabeth Barbara Brown, although he later stated she remains his 'best friend'.
1993: Term Limits in New York City
In 1993, Ronald Lauder spearheaded a campaign for term limits in New York City, advocating for an eight-year maximum term for mayors. Lauder's efforts, which included a significant personal investment of over $4 million, reflected the sentiment of those who supported limiting the time elected officials could hold office.
1996: Endowment of William Henry Bloomberg Professorship
In 1996, Michael Bloomberg endowed the William Henry Bloomberg Professorship at Harvard University with a $3 million gift in honor of his father, who passed away in 1963. The endowment reflects Bloomberg's recognition of his father's commitment to community welfare through the nonprofit sector.
1997: Autobiography and Controversial Statements
In 1997, Michael Bloomberg released his autobiography where he claimed to have 'a girlfriend in every city' during his time on Wall Street. He also made controversial statements regarding women, which he later regretted.
1997: Published Autobiography
In 1997, Michael Bloomberg, with Matthew Winkler, published his autobiography, 'Bloomberg by Bloomberg'.
2000: Relationship with Diana Taylor
Since 2000, Michael Bloomberg has been living with Diana Taylor, former New York state banking superintendent.
September 11, 2001: Bloomberg Enters Mayoral Race and 9/11 Attacks
On September 11, 2001, as the city of New York faced the devastating terrorist attacks on the World Trade Center, Michael Bloomberg, a lifelong Democrat, decided to run for mayor on the Republican ticket. The primary election, initially scheduled for this day, was postponed due to the attacks.
2001: Opposition to John Roberts' Confirmation
In 2001, Michael Bloomberg, a staunch advocate for abortion rights, publicly opposed the confirmation of John Roberts as Chief Justice of the United States. Bloomberg expressed concerns about Roberts' commitment to upholding Roe v. Wade and garnered support from both Democrats and Republicans who shared his stance.
2001: Bloomberg's Campaign Spending and Giuliani's Endorsement
In 2001, during his campaign for mayor of New York City, Michael Bloomberg received a significant endorsement from outgoing mayor Rudy Giuliani. Opting not to use public funds, Bloomberg's campaign was not subject to spending limits. He invested $73 million of his own wealth, outspending his opponent by a ratio of five to one.
2001: Bloomberg Switches to Republican Party
Bloomberg switched his party affiliation to Republican in 2001, a strategic move tied to his mayoral candidacy in New York City.
2001: Elected Mayor of New York City
In 2001, Michael Bloomberg was elected the 108th mayor of New York City, beginning his first term in office.
2001: Anonymous Donations to Carnegie Corporation
From 2001, Bloomberg began making anonymous donations to the Carnegie Corporation, supporting various organizations in New York City.
2001: End of First Tenure as Bloomberg L.P. CEO
In 2001, Michael Bloomberg ended his first tenure as the CEO of Bloomberg L.P., a role he would later resume in 2014.
January 1, 2002: Michael Bloomberg's First Term as Mayor
On January 1, 2002, Michael Bloomberg was sworn in as the 108th mayor of New York City. This marked the beginning of his first term, during which he would face low initial approval ratings but eventually gain popularity. He would go on to be re-elected twice.
February 2002: Sister Becomes Commissioner
In February 2002, Michael Bloomberg's younger sister, Marjorie Tiven, was appointed commissioner of the New York City Commission for the United Nations, Consular Corps, and Protocol.
2002: Became Mayor of New York City
In 2002, Michael Bloomberg began his first term as the mayor of New York City, marking the start of a political career that would span three terms.
2003: Smoking Ban Implementation
In 2003, Bloomberg successfully implemented a ban on smoking in all indoor workplaces in New York City, including bars and restaurants. This initiative significantly impacted public health and influenced similar measures in other cities.
2003: Received Yale Award for Leadership
In 2003, Michael Bloomberg received the Yale School of Management's Award for Distinguished Leadership in Global Capital Markets.
2003: Daughters Featured in 'Born Rich' Documentary
In 2003, Michael Bloomberg's daughters, Emma and Georgina, were featured in the documentary 'Born Rich', which explores the lives of the children of extremely wealthy families.
2004: Donation to the Independence Party
In late 2004 or early 2005, Bloomberg made a significant financial contribution to the Independence Party of New York. The $250,000 donation was intended to support his re-election campaign by funding a phone bank to recruit volunteers.
2004: Top Ten Philanthropist
Since 2004, Bloomberg has consistently been ranked among the top ten on the Chronicle of Philanthropy's list of America's biggest donors.
2004: Golden Plate Award
In 2004, Michael Bloomberg received the Golden Plate Award of the American Academy of Achievement, presented by Ehud Barak.
2004: New York City Hosts Republican National Convention
In 2004, New York City, under the leadership of Mayor Michael Bloomberg, hosted the Republican National Convention. This event attracted not only delegates and party members but also thousands of protesters who voiced their opposition to President George W. Bush and the Iraq War.
2004: Bloomberg Endorses George W. Bush's Re-election
Bloomberg, then a Republican, endorsed George W. Bush for a second term as president in 2004. He even delivered a speech at the Republican National Convention that year, voicing his support for Bush's policies.
November 2005: Re-election Victory
In November 2005, Michael Bloomberg secured a landslide victory in the mayoral election, winning by the largest margin ever recorded for a Republican mayor in New York City history.
2005: Bloomberg's Second Term
In 2005, Michael Bloomberg secured his second term as the mayor of New York City, further solidifying his presence in the city's political landscape.
2005: Re-elected as Mayor of New York City
In 2005, Michael Bloomberg was re-elected as the mayor of New York City, securing his second term in office.
December 5, 2006: Trans-Fat Ban
On December 5, 2006, under Bloomberg's leadership, New York City became the first city in the United States to ban trans-fat in restaurants, setting a precedent for public health initiatives.
2006: Bloomberg's Anti-Smoking Donation to WHO
In 2006, Michael Bloomberg donated $125 million to the World Health Organization (WHO) to promote anti-smoking efforts. This contribution is part of his broader initiative to combat tobacco use globally.
August 2007: Subway Commute as Mayor
In August 2007, it was reported that Michael Bloomberg often used New York Police Department SUVs to reach express train stations, despite claiming he rode the subway daily during his mayoralty.
2007: Received Multiple Honorary Degrees
In 2007, Michael Bloomberg received honorary degrees from Tufts University, Bard College, and Rockefeller University.
2007: Bloomberg Becomes an Independent
Bloomberg declared himself an independent in 2007, marking a departure from his prior affiliation with the Republican party.
2007: Named 39th Most Influential Person by Time
In 2007, Michael Bloomberg was named the 39th most influential person in the world by Time Magazine.
February 2008: Daniel L. Doctoroff Became CEO of Bloomberg L.P.
In February 2008, Daniel L. Doctoroff became the CEO of Bloomberg L.P., succeeding Lex Fenwick and leading the company until Michael Bloomberg's return in 2014.
July 2008: Implementation of Trans-Fat Ban
In July 2008, New York City's ban on trans-fat in restaurants came into full effect, impacting the culinary landscape of the city.
October 2, 2008: Bloomberg Seeks Third Term
On October 2, 2008, Michael Bloomberg announced his intention to seek a third term as mayor of New York City. Citing the ongoing financial crisis, Bloomberg expressed his desire to continue serving the city and addressing the challenges it faced.
October 23, 2008: City Council Extends Term Limits
On October 23, 2008, in a significant decision, the New York City Council voted 29-22 to extend the mayoral term limits, paving the way for Michael Bloomberg to seek a third term in office. This decision followed public hearings and demonstrated the Council's support for Bloomberg's continued leadership.
2008: Bloomberg Considered for President and Vice President
In 2008, Bloomberg's name was frequently circulating as a potential presidential or vice-presidential candidate. Despite the speculation, he ultimately decided against pursuing either position.
2008: Further Anti-Smoking Efforts by Bloomberg
In 2008, Michael Bloomberg donated an additional $250 million to the World Health Organization (WHO) for anti-smoking initiatives. This continued his significant contributions to global tobacco control.
2008: Repeated Influence Recognition by Time
In 2008, Michael Bloomberg was again named the 39th most influential person in the world by Time Magazine.
2008: Barnard Medal of Distinction
In 2008, Michael Bloomberg was awarded Barnard College's Barnard Medal of Distinction.
2008: Honorary Degree from University of Pennsylvania
In 2008, Michael Bloomberg was awarded an honorary degree from the University of Pennsylvania.
2008: Bloomberg's Wealth Increase
In 2008, Michael Bloomberg's wealth saw a significant increase, contributing to his rise on the Forbes list of billionaires.
March 2009: Forbes Reported Bloomberg's Wealth Increase
In March 2009, Forbes reported that Michael Bloomberg's wealth had increased to $16 billion, marking the world's biggest increase in wealth from 2008 to 2009 and moving him to 17th on the Forbes list of billionaires.
November 2, 2009: Bloomberg's Contributions to the Independence Party
Campaign finance records released in January 2010 revealed that Michael Bloomberg had made two substantial contributions of $600,000 each to the Independence Party. The donations, made from Bloomberg's personal account on October 30 and November 2, 2009, were intended to support the party's efforts.
2009: Third Term as Mayor of New York City
In 2009, Michael Bloomberg won re-election for his third term as the mayor of New York City, continuing his tenure with a technocratic managerial style.
2009: Philanthropic Philosophy
In 2009, while donating $254 million to numerous non-profit organizations, Bloomberg articulated his belief in giving back to society, emphasizing his intention to donate all his wealth.
2009: Meeting with Billionaires for Philanthropy
In 2009, Michael Bloomberg met with billionaires like Warren Buffett, Bill Gates, Ted Turner, and Oprah Winfrey to discuss issues such as the environment, health care, and population growth. Although no formal organization was created, the meeting aimed to unify their philanthropic efforts.
2009: Bloomberg Wins Third Term
In 2009, Michael Bloomberg won his third consecutive mayoral election, defeating Democratic and Working Families Party nominee Bill Thompson. Bloomberg's victory cemented his status as a political heavyweight in New York City and allowed him to continue implementing his vision for the city.
2009: Third Term as Mayor
In 2009, Michael Bloomberg won his third consecutive election, securing an unprecedented third term as the mayor of New York City.
2009: Healthy Communities Leadership Award
In 2009, Michael Bloomberg received the Robert Wood Johnson Foundation Leadership for Healthy Communities' Healthy Communities Leadership Award.
2009: Honorary Degree from Fordham University
In 2009, Michael Bloomberg received an honorary degree from Fordham University.
2009: Third Term Election
In 2009, Michael Bloomberg campaigned for and ultimately won an unprecedented third term as mayor of New York City, marking a historic moment in the city's political landscape.
January 2010: Bloomberg's Campaign Finances Scrutinized
In January 2010, the release of campaign finance filings for the Independence Party brought to light substantial contributions made by Michael Bloomberg. This revelation sparked controversy and raised questions about the use of these funds.
February 2010: Investigation into Bloomberg's Campaign Donations
In February 2010, the office of New York County District Attorney Cyrus Vance Jr. initiated an investigation into potential improprieties related to campaign donations made by Michael Bloomberg to the Independence Party. The investigation aimed to determine whether any campaign finance laws were violated and shed light on the circumstances surrounding the donations.
May 27, 2010: Commencement Speech at Johns Hopkins University
On May 27, 2010, Michael Bloomberg delivered the commencement speech at his alma mater, Johns Hopkins University.
August 2010: The Giving Pledge
In August 2010, Michael Bloomberg signed The Giving Pledge, committing to donate at least half of his wealth.
2010: Chairman of C40 Cities Climate Leadership Group
Bloomberg's leadership in addressing climate change was recognized in 2010 when he assumed the role of chairman of the C40 Cities Climate Leadership Group.
2010: Bloomberg Considered for New York Governor
In 2010, there was speculation that Bloomberg might run for governor of New York. However, he ultimately decided against it.
2010: Jefferson Awards Foundation's Public Service Award
In 2010, Michael Bloomberg received the Jefferson Awards Foundation's U.S. Senator John Heinz Award for Greatest Public Service by an Elected or Appointed Official.
2010: Support for Islamic Complex near Ground Zero
In 2010, Bloomberg took a stand by supporting the construction of a controversial Islamic community center near Ground Zero. This decision sparked significant public debate and highlighted Bloomberg's commitment to religious freedom.
2010: Anonymous Donations to Carnegie Corporation
Bloomberg's anonymous support to the Carnegie Corporation continued until 2010, with his contributions reaching up to $20 million annually.
2010: Ranked #7 by Vanity Fair
In 2010, Vanity Fair ranked Michael Bloomberg #7 in its 'Vanity Fair 100' list of influential figures.
July 2011: Support for Beyond Coal Campaign
In July 2011, Bloomberg's commitment to renewable energy was evident in his $50 million donation to the Sierra Club's Beyond Coal campaign, aiming to shut down coal-fired power plants across the US.
July 2011: Launch of Innovation Delivery Teams
In July 2011, Michael Bloomberg launched a $24 million initiative to fund 'Innovation Delivery Teams' in five cities. This initiative, part of Bloomberg Philanthropies, aims to advance government innovation.
December 2011: Discover New York Arts Project Partnership
In December 2011, Bloomberg Philanthropies partnered with SeatGeek to launch the Discover New York Arts Project, connecting artists with new audiences through innovative platforms.
2011: Death of Charlotte Bloomberg
In 2011, Charlotte Bloomberg, Michael Bloomberg's mother, passed away at the age of 102.
2011: Speaker at Princeton University's Baccalaureate Service
In 2011, Michael Bloomberg was the speaker for Princeton University's baccalaureate service.
2011: Support for Public Health and Arts
In 2011, Bloomberg's philanthropy extended to organizations like the Campaign for Tobacco-Free Kids and the World Health Organization, highlighting his commitment to public health.
2011: Launch of NYC Young Men's Initiative
In 2011, Bloomberg launched the NYC Young Men's Initiative, a $127 million project aimed at addressing the disparities faced by young Black and Latino men.
November 2012: Bloomberg Endorses Obama, Citing Climate Change Policies
Following Hurricane Sandy in November 2012, Bloomberg publicly endorsed Barack Obama for president. He cited Obama's stance on climate change as a key factor in his decision.
2012: Bloomberg Considered for President Again
Bloomberg's name reemerged as a potential presidential candidate for the 2012 election, but once again, he opted not to run.
2012: Aviation Enthusiast
By 2012, Michael Bloomberg owned six airplanes and two helicopters and was near the top of the waiting list for an AW609 tiltrotor aircraft. He is also a licensed amateur radio operator, proficient in Morse code.
2012: Bloomberg Endorses Obama for Second Term
In 2012, Bloomberg broke from his previous support of George W. Bush to endorse Barack Obama for a second term as president. This decision signaled a shift in his political leanings.
September 13, 2013: Bloomberg Declines to Endorse Successor
On September 13, 2013, Michael Bloomberg, nearing the end of his term as mayor of New York City, announced his decision to not endorse any candidates vying for his soon-to-be-vacant position. He expressed his desire to avoid complicating the election and to ensure a smooth transition for the next mayor.
December 2013: Ceremonial Subway Ride
In December 2013, Michael Bloomberg took a ceremonial ride on a train to the new 34th Street station to celebrate the completion of the 7 Subway Extension, highlighting his contributions to New York City's transportation infrastructure.
2013: End of Mayoral Tenure in New York City
Michael Bloomberg's tenure as the mayor of New York City ended in 2013, wrapping up three consecutive terms in office.
2013: First Genesis Prize Laureate
In 2013, Michael Bloomberg was the inaugural laureate of the annual Genesis Prize for Jewish values, donating the $1 million prize money to a global competition called the Genesis Generation Challenge.
2013: Launch of the Mayors Challenge Competition
In 2013, Michael Bloomberg announced the Mayors Challenge competition to foster innovation in American cities. The program was later expanded to include cities in Latin America and Europe.
2013: Bloomberg's Major Contributions to Johns Hopkins
In 2013, Michael Bloomberg committed $350 million to Johns Hopkins University, with the majority allocated to Bloomberg Distinguished Professorships. His contributions have significantly improved the university's reputation, infrastructure, and competitiveness.
2013: Bloomberg's Anti-Tobacco Contributions
By 2013, Michael Bloomberg had donated $109.24 million in 556 grants across 61 countries to combat tobacco use. His contributions have made Bloomberg Philanthropies a major force in global tobacco control.
2013: Risky Business Initiative
Bloomberg collaborated with Hank Paulson and Tom Steyer in 2013 to establish the Risky Business initiative, raising awareness about the economic implications of climate change.
2013: End of Term as C40 Chairman
After serving as chairman of the C40 Cities Climate Leadership Group for three years, Bloomberg's term ended in 2013.
2013: Owned Multiple Properties
By 2013, Michael Bloomberg owned 13 properties in various countries, including a $20 million Georgian mansion in Southampton, New York.
January 1, 2014: De Blasio Succeeds Bloomberg as NYC Mayor
January 1, 2014, marked the end of Bloomberg's tenure as the mayor of New York City and saw the inauguration of Bill de Blasio as his successor.
January 2014: Vibrant Oceans Initiative
Bloomberg's commitment to ocean conservation was further emphasized in January 2014 with a $53 million pledge to the Vibrant Oceans Initiative, partnering with organizations like Oceana and Rare to protect marine ecosystems.
January 2014: Public Approval of Bloomberg's Mayoralty
A Quinnipiac poll conducted in January 2014 revealed that a significant majority (64%) of voters viewed Michael Bloomberg's 12-year tenure as mayor of New York City as "mainly a success." This positive public sentiment reflected his accomplishments and impact on the city.
September 2014: UN Climate Summit
Bloomberg participated in the UN Climate Summit in September 2014, collaborating with global leaders to address climate change and advocate for concrete actions.
2014: Returned as CEO of Bloomberg L.P.
In 2014, Michael Bloomberg returned as the CEO of Bloomberg L.P., resuming his leadership role after a period of full-time philanthropy.
2014: Re-assumed CEO Position at Bloomberg L.P.
Michael Bloomberg re-assumed the position of CEO at Bloomberg L.P. in 2014, returning to the role after a stint as a full-time philanthropist.
2014: Discontinuation of Surveillance Program and Stop-and-Frisk Ruling
The year 2014 marked the end of a controversial surveillance program that had been implemented during Bloomberg's tenure as mayor. This program, which focused on Muslim communities, was deemed controversial and discontinued. In the same year, a U.S. Federal Court ruled that the city's implementation of the stop-and-frisk policy, heavily expanded under the Bloomberg Administration, was unconstitutional.
2014: Honorary Degrees from Williams College and Harvard University
In 2014, Michael Bloomberg received honorary degrees from Williams College and Harvard University.
2014: Launch of Compact of Mayors
Bloomberg played a key role in launching the Compact of Mayors in 2014, uniting mayors and city officials globally to commit to reducing greenhouse gas emissions and enhancing climate resilience.
2014: Michael Bloomberg Returned as CEO
In 2014, Michael Bloomberg announced his return as CEO of Bloomberg L.P., succeeding Daniel L. Doctoroff.
2014: Honorary Knight Commander of the Order of the British Empire
In 2014, Queen Elizabeth II appointed Michael Bloomberg an Honorary Knight Commander of the Order of the British Empire for his entrepreneurial and philanthropic contributions.
January 2015: Clean Energy Initiative
In January 2015, Bloomberg, through his foundation, partnered with the Heising-Simons family, launching the Clean Energy Initiative with a $48 million investment to promote sustainable energy solutions.
2015: Bloomberg's Donation to Cornell Tech
In 2015, Michael Bloomberg donated $100 million to Cornell Tech, the applied sciences graduate school of Cornell University, located on Roosevelt Island. This significant contribution supports the institution's mission and expansion.
2015: Climate Summit for Local Leaders
The Climate Summit for Local Leaders, established by Bloomberg and Anne Hidalgo in 2015, provided a platform for city leaders worldwide to discuss and collaborate on climate action strategies.
2015: UN Climate Change Conference in Paris
Bloomberg's involvement in the 2015 UN Climate Change Conference in Paris highlights his continuous efforts in advocating for global action against climate change.
2015: Acquired Historical Property in London
In 2015, Michael Bloomberg acquired 4 Cheyne Walk, a historical property in Chelsea, London, once owned by writer George Eliot.
2015: Leadership of Global Task Force on Climate-Related Financial Disclosures
During the 2015 UN Climate Change Conference, Bloomberg was chosen to lead a new global task force dedicated to enhancing transparency and disclosure of climate-related financial risks.
2015: Additional Support for Beyond Coal
Bloomberg's continued support for the Beyond Coal initiative was evident in 2015 with an additional $30 million contribution, demonstrating his dedication to phasing out coal-based energy.
January 23, 2016: Bloomberg Considers 2016 Presidential Run
Reports on January 23, 2016, indicated that Bloomberg was contemplating a 2016 presidential run as an independent candidate should Bernie Sanders secure the Democratic nomination. His supporters believed he could appeal to voters dissatisfied with the potential Democratic and Republican nominees by running as a centrist.
June 2016: Merger of Compact of Mayors and Covenant of Mayors
The Compact of Mayors, an initiative launched by Bloomberg and other leaders, merged with the Covenant of Mayors in June 2016, unifying global efforts in urban sustainability and climate action.
July 2016: Bloomberg Endorses Clinton, Criticizes Trump at DNC
During the July 2016 Democratic National Convention, Bloomberg voiced his support for Hillary Clinton, urging her selection as the "right choice." He cautioned against the potential dangers of a Donald Trump presidency, specifically citing Trump's proposed policies on immigration, trade, and the economy. Trump responded by condemning Bloomberg on Twitter.
2016: WHO Appoints Bloomberg as Global Ambassador
In 2016, the World Health Organization appointed Michael Bloomberg as its Global Ambassador for Noncommunicable Diseases, recognizing his efforts in public health and tobacco control.
2016: Creation of the Bloomberg Harvard City Leadership Initiative
In 2016, Michael Bloomberg donated $32 million to Harvard University to create the Bloomberg Harvard City Leadership Initiative within the Harvard Kennedy School's Ash Center. The initiative provides training to mayors and their aides on innovative municipal leadership.
2016: Launch of the Bloomberg–Kimmel Institute for Cancer Immunotherapy
In 2016, Michael Bloomberg, along with philanthropist Sidney Kimmel and other donors, funded the launch of the Bloomberg–Kimmel Institute for Cancer Immunotherapy with a $50 million gift. Bloomberg joined Vice President Joe Biden to inaugurate the institute, supporting the 'Cancer Moonshot' initiative.
2016: Bloomberg Endorses Hillary Clinton, Speaks at DNC
Bloomberg endorsed Hillary Clinton in the 2016 presidential election and further demonstrated his support by speaking at the Democratic National Convention.
2016: Bloomberg Declines Independent Run to Avoid Splitting Anti-Trump Vote
In 2016, Bloomberg had considered running for president as an independent but ultimately decided against it. He feared that doing so would split the votes of those opposing Donald Trump, potentially paving the way for Trump's victory.
2016: Establishment of the American Talent Initiative
In 2016, Bloomberg Philanthropies established the American Talent Initiative, aiming to increase the number of lower-income, high-achieving students attending elite colleges. The same year, Bloomberg donated $50 million to the Museum of Science, Boston, the largest donation in its history.
2016: Honorary Degree from University of Michigan
In 2016, Michael Bloomberg was awarded an honorary degree from the University of Michigan.
July 2017: Launch of Europe Beyond Coal
The establishment of Europe Beyond Coal in July 2017 marked a significant step towards reducing coal dependency in Europe, with a target to eliminate coal use by 2030.
2017: Co-authored 'Climate of Hope'
In 2017, Michael Bloomberg co-authored 'Climate of Hope: How Cities, Businesses, and Citizens Can Save the Planet' with former Sierra Club Executive Director Carl Pope. The book appeared on the New York Times hardcover non-fiction best-seller list.
2017: Hosted Global Business Forum
In 2017, Michael Bloomberg hosted the Global Business Forum during the annual United Nations General Assembly, bringing together international CEOs, heads of state, and other prominent speakers.
2017: Honorary Degree from Villanova University
In 2017, Michael Bloomberg received an honorary degree from Villanova University.
June 2018: Bloomberg Pledges $80 Million to Support Democrats in Midterms
Bloomberg pledged $80 million in June 2018 to bolster the campaigns of Democratic congressional candidates in the 2018 midterm elections. His goal was to shift the balance of power in the Republican-controlled House of Representatives.
October 10, 2018: Bloomberg Rejoins Democratic Party
On October 10, 2018, Bloomberg rejoined the Democratic party after previously being registered as an independent.
October 2018: Bloomberg Rejoins Democratic Party
Bloomberg switched back to the Democratic party in October 2018, marking his return to the party after previously being a Republican and an independent.
2018: Appointment as UN Envoy for Climate Action
In 2018, UN Secretary-General António Guterres appointed Bloomberg as UN envoy for climate action, acknowledging his commitment and influence in addressing climate change.
2018: Bloomberg's $1.8 Billion Donation to Johns Hopkins
In 2018, Michael Bloomberg donated $1.8 billion to Johns Hopkins University, enabling the institution to practice need-blind admission and fully meet the financial needs of admitted students.
2018: Op-ed Supporting Need-blind Admission
In 2018, Michael Bloomberg published an op-ed in The New York Times supporting his $1.8 billion donation for financial aid and need-blind admission policies.
2018: Commitment to Ocean Protection
In 2018, Bloomberg, alongside Ray Dalio, announced a significant $185 million commitment to ocean protection, underscoring his dedication to preserving marine environments.
2018: Bloomberg L.P. Achieved $10 Billion in Revenue
In 2018, Bloomberg L.P. achieved approximately $10 billion in revenue, reflecting the company's significant growth and success.
2018: Bloomberg Philanthropies Donations
Bloomberg, through his foundation, donated or pledged $767 million in 2018, focusing on areas like public health, arts, and education.
March 5, 2019: Bloomberg Declines 2020 Presidential Run
On March 5, 2019, Bloomberg publicly stated his decision to not pursue a presidential bid in 2020. He used the announcement to encourage the Democratic party to select a nominee who would be well-positioned to defeat Donald Trump.
May 2019: Announcement of 2020 Midwestern Collegiate Climate Summit
Bloomberg announced the 2020 Midwestern Collegiate Climate Summit in May 2019, aiming to engage leaders from universities, governments, and businesses in addressing climate change within the Midwest region.
June 2019: Beyond Carbon Initiative
In June 2019, Bloomberg pledged $500 million to the Beyond Carbon initiative, further solidifying his commitment to combating climate change and transitioning to clean energy.
November 2019: Launched 2020 Presidential Campaign
In November 2019, Michael Bloomberg officially launched his campaign for the Democratic nomination for president of the United States in the 2020 election.
November 2019: Resignation as UN Envoy for Climate Action
In November 2019, Bloomberg resigned from his position as UN envoy for climate action, a decision influenced by his preparations for the upcoming presidential campaign.
November 2019: Bloomberg Apologizes for Stop-and-Frisk Policy
In November 2019, Bloomberg issued a public apology for his support of the controversial stop-and-frisk policy during his time as mayor of New York City.
November 24, 2019: Bloomberg Launches 2020 Presidential Campaign
Despite his prior announcement, Bloomberg's dissatisfaction with the existing Democratic candidates prompted him to reconsider his stance on a 2020 presidential run. He officially launched his campaign for the Democratic nomination on November 24, 2019.
2019: Bloomberg Philanthropies Donations
Bloomberg's philanthropic efforts continued in 2019, with his foundation donating over $1 billion to various causes.
2019: Second Edition of Autobiography
In 2019, ahead of his presidential run, Michael Bloomberg released a second edition of his autobiography.
2019: Honorary Degree from Washington University
In 2019, Michael Bloomberg was awarded an honorary degree from Washington University in St. Louis.
2019: Resigned as CEO to Run for President
In 2019, Michael Bloomberg resigned as CEO of Bloomberg L.P. to run for the Democratic nomination for president of the United States.
2019: Bloomberg L.P. Subscriber and Employee Growth
By 2019, Bloomberg L.P. had more than 325,000 terminal subscribers worldwide and employed 20,000 people in dozens of locations.
2019: Bloomberg's Generosity to Johns Hopkins University
As of 2019, Michael Bloomberg had donated more than $3.3 billion to Johns Hopkins University, his alma mater, making him the most generous living donor to any educational institution in the United States. His first contribution was $5 in 1965, and he made his first $1 million commitment to JHU in 1984, eventually becoming the first individual to exceed $1 billion in lifetime donations to a single U.S. institution of higher education.
2019: Ninth-Richest Person in the World
In 2019, Michael Bloomberg was ranked as the ninth-richest person in the world by Forbes, with an estimated net worth of $55.5 billion.
March 4, 2020: Bloomberg Suspends Presidential Campaign, Endorses Biden
Following a disappointing Super Tuesday performance, Bloomberg decided to suspend his presidential campaign on March 4, 2020. He subsequently endorsed Joe Biden's candidacy.
March 2020: Ended 2020 Presidential Campaign
In March 2020, Michael Bloomberg ended his campaign for the Democratic presidential nomination after winning only 61 delegates and spending $935 million, setting a record for the most expensive U.S. presidential primary campaign.
April 2020: Austria's Coal Phase-Out
Austria's closure of its last coal-fired plant in April 2020 signified a major victory for environmental advocates and a model for other nations transitioning towards clean energy.
2020: Bloomberg Criticizes Trump's Pandemic Response at DNC
During his address on the closing night of the 2020 Democratic National Convention, Bloomberg directly criticized President Trump's approach to handling the COVID-19 pandemic and the US economy. He questioned the logic of reelecting someone who, he argued, had mismanaged these critical areas.
2020: COVID-19 Pandemic Response
During the 2020 COVID-19 pandemic, Bloomberg and his foundation took a leading role in combating the crisis, funding research, supporting global health initiatives, and aiding vulnerable populations.
2020: Bloomberg Invests Heavily in Biden Campaign and Other Democrats
Following his withdrawal from the 2020 presidential race, Bloomberg remained politically active. He invested $115 million in Joe Biden's campaign, focusing on key states. He also contributed significantly to local Democratic candidates and raised funds to assist Black and Hispanic voters in Florida who were facing court fines related to felony convictions.
2020: Guest Remarks for Johns Hopkins Class of 2020
In 2020, Michael Bloomberg delivered guest remarks for the Johns Hopkins Class of 2020 during a virtual ceremony.
2020: Apology for Stop and Frisk Program
In 2020, Michael Bloomberg issued an apology for his support of the controversial stop and frisk program during his tenure as mayor of New York City, reversing his previous stance as he prepared for his presidential run.
2020: Candidate for 2020 Democratic Presidential Nomination
In 2020, Michael Bloomberg was a candidate for the Democratic nomination for president of the United States. He ended his campaign after securing only 61 delegates.
2020: Op-ed on Economic Inequality
In 2020, Michael Bloomberg wrote an op-ed supporting policies to reduce economic inequality in The New York Times.
2020: Support for Fresh Air Fund's 'Open Spaces in the City'
In 2020, through Bloomberg Philanthropies, Michael Bloomberg supported the Fresh Air Fund's creation of 'Open Spaces in the City' to provide socially-distant play areas for children during the COVID-19 pandemic and job opportunities for local teens. Additionally, he donated $3 million for a new public library in Medford and $75 million for The Shed, an arts center in Manhattan.
2020: Midwestern Collegiate Climate Summit
The Midwestern Collegiate Climate Summit, held in 2020, brought together representatives from various sectors to collaborate and develop solutions for climate change mitigation and adaptation in the Midwest.
2020: Bloomberg Donates to Democrats, Fuels 2020 Speculation
By late 2020, Bloomberg had committed over $100 million to support Democratic candidates in the House and Senate races, a move that sparked speculation about a potential presidential run on his part in 2020.
2020: Bloomberg Believes Running as Democrat is Only Way to Defeat Trump
Bloomberg, in explaining his decision to run for president as a Democrat in 2020, expressed his belief that it was the only viable strategy to defeat Donald Trump. He had ruled out an independent run, fearing it would divide the anti-Trump vote and potentially lead to Trump's reelection.
2020: Bloomberg Considers 2020 Presidential Run
Despite initially deciding against it, Bloomberg ultimately changed his mind and entered the 2020 presidential race.
February 2021: Reappointment as UN Special Envoy on Climate
In February 2021, Bloomberg returned to his role in climate action when he was reappointed by UN Secretary-General António Guterres as the Special Envoy on Climate Ambition and Solutions.
March 2021: Creation of the Bloomberg Center for Cities
In March 2021, Michael Bloomberg donated $150 million to Harvard University to create the Bloomberg Center for Cities, aimed at supporting mayors and enhancing urban governance.
November 2021: Climate Conference in Scotland
The climate conference in Scotland, held in November 2021, provided a platform for global leaders, including Bloomberg in his UN envoy capacity, to discuss and negotiate climate action strategies.
February 2022: Bloomberg Nominated to Defense Innovation Board
In February 2022, Bloomberg received a nomination to lead the Defense Innovation Board.
June 2022: Chair of the Defense Innovation Board
In June 2022, Michael Bloomberg began serving as the chair of the Defense Innovation Board, which offers recommendations on artificial intelligence, software, data, and digital modernization to the U.S. Department of Defense.
June 22, 2022: Bloomberg Chairs Defense Innovation Board
Bloomberg was sworn in to chair the Defense Innovation Board on June 22, 2022, following his nomination earlier in the year.
September 2022: Launch of Beyond Petrochemicals
In September 2022, Michael Bloomberg launched Beyond Petrochemicals, a campaign aimed at combating the rapid expansion of U.S. petrochemicals and plastic pollution. The $85 million initiative seeks to block the construction of 120 proposed petrochemical projects in Louisiana, Texas, and the Ohio River Valley.
September 2023: World's Largest Funder of Climate Activism
By September 2023, Bloomberg's sustained efforts in combating climate change through funding and advocacy earned him recognition as a leading figure in climate activism.
September 2023: Opening of Perelman Performing Arts Center
In September 2023, the Perelman Performing Arts Center opened with $130 million in support from Michael Bloomberg, who serves as its chair. The $500 million art center is a key part of the redevelopment of the World Trade Center site.
September 2023: Earthshot Prize 2023 Finalists Announced
In September 2023, the finalists for the Earthshot Prize were announced at the Earthshot Prize Innovation Summit in New York. Michael Bloomberg serves as a global adviser to the winners and his foundation, Bloomberg Philanthropies, is a founding partner of the Prize, which awards £1,000,000 to each of five winners annually to achieve climate and sustainability goals by 2030.
October 19, 2023: Bloomberg's Matching Donations to Israeli Red Cross
Following the Hamas attack on Israel in October 2023, Michael Bloomberg committed to matching donations to the Israeli Red Cross, Magen David Adom. By October 19, 2023, he had matched $25 million in donations to support the ambulance and Medivac service.
November 2023: Earthshot Prize 2023 Winners Announced
In November 2023, the five winners of the Earthshot Prize were announced in Singapore. Michael Bloomberg's foundation, Bloomberg Philanthropies, is a founding partner of the Prize, which awards £1,000,000 to each winner to support ambitious climate and sustainability goals.
2023: America's Highest Giving Philanthropist
In 2023, Bloomberg solidified his position as a leading philanthropist by donating $3 billion, making him America's highest giving philanthropist.
2023: End of Bloomberg's Second Tenure as CEO of Bloomberg L.P.
In 2023, Michael Bloomberg concluded his second tenure as the CEO of Bloomberg L.P., closing a significant chapter in his career.
January 2024: Bought Stake in Baltimore Orioles
In January 2024, Michael Bloomberg was part of a group led by David Rubenstein that reached a $1.725 billion deal to purchase the Baltimore Orioles.
April 2024: Ranked Thirteenth-Richest Person in the World
As of April 2024, Forbes ranked Michael Bloomberg as the thirteenth-richest person in the world, with an estimated net worth of $106.2 billion.
2024: Awarded Presidential Medal of Freedom
In 2024, Michael Bloomberg was awarded the Presidential Medal of Freedom by President Joe Biden, America's highest civilian honor.
2024: Received Presidential Medal of Freedom
In 2024, Michael Bloomberg was awarded the Presidential Medal of Freedom by President Joe Biden, recognizing his significant contributions and achievements.
2030: Target for Coal Phase-Out
Bloomberg's philanthropic efforts, including the Beyond Coal and Beyond Carbon initiatives, set an ambitious target to shut down all remaining coal-fired power plants by 2030.
2030: Target for Carbon Emission Reduction
The Paris Declaration, presented at the Climate Summit for Local Leaders, outlined a target to reduce carbon emissions by 3.7 gigatons annually by 2030, reflecting the commitment of participating cities to combat climate change.