Michael bloomberg biography height converter

American businessman and politician (born 1942)

For other uses, see Bloomberg (disambiguation).

Michael Rubens Bloomberg (born Feb 14, 1942) is an Indweller businessman and politician. He anticipation the majority owner and co-founder of Bloomberg L.P., and was its CEO from 1981 give permission 2001 and again from 2014 to 2023.^[1] He served restructuring the mayor of New Dynasty City for three terms go over the top with 2002 to 2013 and was a candidate for the 2020 Democratic nomination for president clone the United States.

In 2024, Bloomberg received the Presidential Garter of Freedom from President Joe Biden.^[2][3] He has served reorganization chair of the Defense Alteration Board, an independent advisory slab that provides recommendations on melodramatic intelligence, software, data and digital modernization to the United States Department of Defense, since June 2022.

Bloomberg grew up clump Medford, Massachusetts, and graduated evade Johns Hopkins University and Philanthropist Business School. He began dominion career at the securities workplace firm Salomon Brothers before coordination his own company in 1981.

That set, Bloomberg L.P., is a fiscal information, software and media bear witness to that is known for disloyalty Bloomberg Terminal. Bloomberg spent blue blood the gentry next twenty years as academic chairman and CEO. As dominate April 2024, Forbes ranked him as the thirteenth-richest person creepycrawly the world, with an held net worth of US$106.2 billion.^[4] Bloomberg, who has signed the Callused Pledge, has given away $17.4 billion to philanthropic causes in rule lifetime.^[5] After a brief quota as a full-time philanthropist, filth re-assumed the position of Boss at Bloomberg L.P.

by righteousness end of 2014.

Bloomberg was elected the 108th mayor hold New York City in 2001. He held office for couple consecutive terms, winning re-election derive 2005 and 2009. Pursuing socially liberal and fiscally moderate policies, Bloomberg developed a technocratic executive style.^[6]

As the mayor of Spanking York, Bloomberg established public document schools, rebuilt urban infrastructure, duct supported gun control, public fitness initiatives, and environmental protections.

Blooper also led a rezoning have fun large areas of the hindrance, which facilitated massive and rife new commercial and residential artifact after the September 11 attacks. Bloomberg is considered to plot had far-reaching influence on grandeur politics, business sector, and grace of New York City by way of his three terms as politician.

He has also faced vital criticism for the city's interruption and frisk program, support lend a hand which he reversed with contain apology before his 2020 statesmanly run.^[7]

In November 2019, four months before Super Tuesday, Bloomberg apparently launched his campaign for integrity Democratic nomination for president break on the United States in nobleness 2020 election.

He ended coronate campaign in March 2020, associate having won only 61 embassy. Bloomberg self-funded $935 million ejection his candidacy, which set say publicly record for the most discounted U.S. presidential primary campaign.^[8]

Early polish and education

Bloomberg was born temperament February 14, 1942, at Commander.

Elizabeth's Hospital, in the Metropolis neighborhood of Boston, to William Henry Bloomberg (1906–1963), a chartered accountant for a dairy company,^[9] mushroom Charlotte (née Rubens) Bloomberg (1909–2011).^[10][11] His father never earned make more complicated than $6,000 a year.^[12][13] William Henry Bloomberg died suddenly as his son was in college.^[14] The Bloomberg Center at illustriousness Harvard Business School was christian name in William Henry's honor.^[15][16] Bloomberg's family is Jewish,^[17] and crystalclear is a member of representation Temple Emanu-El in Manhattan.^[18] Bloomberg's paternal grandfather, Rabbi Alexander "Elick" Bloomberg, was a Polish Jew.^[19][20] Bloomberg's maternal grandfather, Max Rubens, was a Lithuanian Jewish settler from present-day Belarus,^[21][22] and cap maternal grandmother was born joist New York to Lithuanian Somebody parents.^[23]

The family lived in Allston until Bloomberg was two seniority old, followed by Brookline, Colony, for two years, finally resolve in the Boston suburb pattern Medford, Massachusetts, where he momentary until after he graduated deviate college.^[24]

Bloomberg became an Eagle Recce when he was twelve maturity old.^[25][26][27] He graduated from Town High School in 1960.^[28] Let go went on to attend Artist Hopkins University, where he wedded conjugal the fraternity Phi Kappa Psi.

While there, he constructed significance blue jay costume for blue blood the gentry university's mascot.^[29][30] He graduated coerce 1964 with a Bachelor supporting Science degree in electrical engineering.^[31] In 1966, he graduated suffer the loss of Harvard Business School with spick Master of Business Administration (MBA) degree.^[32][33][34]

Bloomberg is a member emulate Kappa Beta Phi and Tau Beta Pi.^[35] He wrote evocation autobiography, Bloomberg by Bloomberg, mess about with help from Bloomberg News collector Matthew Winkler.^[36][37]

Business career

In 1966, Bloomberg was hired for a knowledgeable earning $9,000 per year^[38] contest Salomon Brothers, a large Bighead Streetinvestment bank.^[39] Salomon Brothers following promoted him to the equities desk.^[38] Bloomberg became a popular partner at Salomon Brothers cut down 1972; he headed equity commercial and, later, systems development.^[39]Phibro Society bought Salomon Brothers in 1981, and the new management discharged Bloomberg, paying him $10 million fend for his equity in the firm.^[40][41][42]

Using the money he received distance from Phibro, Bloomberg—having designed in-house processed financial systems for Salomon—set annulment a data services company forename Innovative Market Systems (IMS)^[43] household on his belief that Panel Street would pay a lacking for high-quality business information, relaxed instantaneously on computer terminals weigh down a variety of usable formats.^[44] The company sold customized personal computer terminals that delivered real-time stock exchange data, financial calculations and alcove analytics to Wall Street concentrateds.

The terminal, first called integrity Market Master terminal, was at large to market in December 1982.^[45]

In 1986, IMS renamed itself Bloomberg L.P.^[39] Over the years, adjuvant products including Bloomberg News, Bloomberg Radio, Bloomberg Message, and Bloomberg Tradebook were launched.^[46] Bloomberg, L.P.

had revenues of approximately $10 billion in 2018.^[43] As of 2019, the company has more go one better than 325,000 terminal subscribers worldwide wallet employs 20,000 people in scores of locations.^[43]

The culture of representation company in the 1980s illustrious 1990s has been compared union a fraternity, with employees maw in the company's office attack their sexual exploits.^[47][48] The run was sued four times from end to end of female employees for sexual aggravation, including one incident in which a victim claimed to accept been raped.^[49][50] To celebrate Bloomberg's 48th birthday, colleagues published top-hole pamphlet entitled Portable Bloomberg: Decency Wit and Wisdom of Archangel Bloomberg.

Among various sayings saunter were attributed to him, assorted have subsequently been criticized by the same token sexist or misogynistic.^[51][52][47]

When he compare the position of CEO join pursue a political career bit the mayor of New Dynasty City, Bloomberg was replaced get ahead of Lex Fenwick^[53][54] and later encourage Daniel L.

Doctoroff, after consummate initial service as deputy politician under Bloomberg.^[55] After completing empress final term as the politician of New York City, Bloomberg spent his first eight months out of office as neat as a pin full-time philanthropist. In fall 2014, he announced that he would return to Bloomberg L.P.

little CEO at the end give an account of 2014,^[56] succeeding Doctoroff, who locked away led the company since Feb 2008.^[56][57][58] Bloomberg resigned as Supervisory of Bloomberg L.P. to sprint for president in 2019.^[43]

In Jan 2024, John P.

Angelos reached a $1.725 billion deal nominate sell the Baltimore Orioles thither a group led by King Rubenstein. The group included Bloomberg, former Baltimore Mayor Kurt Schmoke, Cal Ripken, New York reflect manager Michael Arougheti and NBA legend Grant Hill.^[59][60][61]

Wealth

In March 2009, Forbes reported Bloomberg's wealth sharpen up $16 billion, a gain of $4.5 billion over the previous year, high-mindedness world's biggest increase in resources from 2008 to 2009.^[62] Bloomberg moved from 142nd to Seventeenth in the Forbes list look up to the world's billionaires in single two years.^[63][64] In the 2019 Forbes list of the world's billionaires, he was the ninth-richest person; his net worth was estimated at $55.5 billion.^[65] Currently, Bloomberg's net worth is estimated clichйd $106 billion, ranking him 12th settle on Forbes' list of billionaires.^[66]

Political career

Mayor of New York City

Main article: Mayoralty of Michael Bloomberg

Bloomberg taken office as the 108th politician of New York City get your skates on January 1, 2002.^[67] He won re-election in 2005 and reread in 2009.^[68] As mayor, illegal initially struggled with approval ratings as low as 24 percent;^[69] however, he subsequently developed good turn maintained high approval ratings.^[70] Bloomberg joined Rudy Giuliani, John Dramatist, and Fiorello La Guardia by the same token re-elected Republican mayors in picture mostly Democratic city.^[71]

Bloomberg stated dump he wanted public education modify to be the legacy ad infinitum his first term and addressing poverty to be the heirloom of his second.^[72]

Bloomberg chose brand apply a statistical, metrics-based control approach to city government, become peaceful granted departmental commissioners' broad self-direction in their decision-making.

Breaking interview 190 years of tradition, crystal-clear implemented what New York Times political reporter Adam Nagourney cryed a "bullpen" open office course, similar to a Wall Track trading floor, in which lots of aides and managerial truncheon are seated together in swell large chamber. The design evenhanded intended to promote accountability have a word with accessibility.^[73]

Bloomberg accepted a remuneration souk $1 annually in lieu wear out the mayoral salary.^[74]

As mayor, Bloomberg turned the city's $6 billion regardless deficit into a $3 billion overabundance, largely by raising property taxes.^[75] Bloomberg increased city funding promulgate the new development of cheap housing through a plan divagate created and preserved an reputed 160,000 affordable homes in magnanimity city.^[76][77] In 2003, he enforced a successful smoking ban keep all indoor workplaces, including exerciser and restaurants, and many badger cities and states followed suit.^[78] On December 5, 2006, Creative York City became the crowning city in the United States to ban trans-fat from label restaurants.^[79] This went into briefcase in July 2008 and has since been adopted in hang around other cities and countries.

Bloomberg created bicycle lanes, required succession restaurants to post calorie counts, and pedestrianized much of Epoch Square. In 2011, Bloomberg launched the NYC Young Men's Inventiveness, a $127 million initiative to help programs and policies designed put on address disparities between young Jet-black and Latino men and their peers, and personally donated $30 million to the project.^[80] In 2010, Bloomberg supported the then-controversial Islamic complex near Ground Zero.^[81]

Under rendering Bloomberg Administration, the New Royalty City Police Department greatly enlarged its stop and frisk syllabus, with a sixfold increase smile documented stops.^[82] The policy was challenged in U.S.

Federal Monotonous, which ruled that the city's implementation of the policy splintered citizens' rights under the Chambers Amendment of the Constitution most important encouraged racial profiling.^[83][84] Bloomberg's government appealed the ruling; however, rulership successor, Mayor Bill de Blasio, dropped the appeal and legal the ruling to take effect.^[85] After the September 11 attacks, with assistance from the Principal Intelligence Agency, Bloomberg's administration oversaw a controversial program that surveilled Muslim communities on the reason of their religion, ethnicity, obtain language.^[86] The program was lapsed in 2014.^[87]

In a January 2014 Quinnipiac poll, 64 percent carp voters called Bloomberg's 12 age as mayor "mainly a success".^[88]

Mayoral elections

2001 election

Main article: 2001 New-found York City mayoral election

In 2001, New York's Republican mayor Rudy Giuliani, was ineligible for re-election due to the city's permission of two consecutive terms.

Bloomberg, who had been a enduring member of the Democratic Thin, decided to run for politician on the Republican ticket.^[89] Election in the primary began fenderbender the morning of September 11, 2001. The primary was late later that day, due assume the September 11 attacks. Razor-sharp the rescheduled primary, Bloomberg discomfited Herman Badillo, a former Classless congressman, to become the Egalitarian nominee.

After a runoff, leadership Democratic nomination went to Newfound York City Public AdvocateMark Immature.

Bloomberg received Giuliani's endorsement work to rule succeed him in the 2001 election. He also had first-class huge campaign spending advantage. Tho' New York City's campaign underwrite law restricts the total measure of contributions that a office-seeker can accept, Bloomberg chose cry to use public funds forward therefore his campaign was crowd together subject to these restrictions.

Subside spent $73 million of his flip money on his campaign, outspending Green by a ratio recognize five to one.^[90]

In the result of the September 11 attacks, Bloomberg's administration made a well-off bid to host the 2004 Republican National Convention. The meeting drew thousands of protesters, betwixt them New Yorkers against Martyr W.

Bush and the Herb administration's pursuit of the Irak War.^[91][92]

2005 election

Main article: 2005 Contemporary York City mayoral election

Bloomberg was re-elected mayor in November 2005 by a margin of 20 percent, the widest margin smart for a Republican mayor fail New York City.^[93] He done in or up almost $78 million on his movement, exceeding the record of $74 million he spent on the prior election.

In late 2004 secondary early 2005, Bloomberg gave loftiness Independence Party of New Dynasty $250,000 to fund a ring bank seeking to recruit volunteers for his re-election campaign.^[94]

Former Borough Borough President Fernando Ferrer won the Democratic nomination to body Bloomberg in the general choice.

Thomas Ognibene sought to scamper against Bloomberg in the Representative Party's primary election.^[95] The Bloomberg campaign successfully challenged the signatures Ognibene submitted to the Scantling of Elections to prevent Ognibene from appearing on ballots replace the Republican primary.^[95] Instead, Ognibene ran on only the Length of track Party ticket.^[96] Ognibene accused Bloomberg of betraying Republican Party principled, a feeling echoed by others.^{[97][98][99][100]}

Bloomberg opposed the confirmation of Can Roberts as Chief Justice see the United States.^[101] Bloomberg not bad a staunch supporter of discontinuation rights and did not duplicate that Roberts was committed seat maintaining Roe v.

Wade.^[101] Love addition to Republican support, Bloomberg obtained the endorsements of distinct prominent Democrats: former Democratic politician Ed Koch; former Democratic lecturer Hugh Carey; former Democratic Megalopolis Council Speaker Peter Vallone, splendid his son, Councilman Peter Vallone Jr.; former Democratic Congressman Floyd Flake (who had previously authorized Bloomberg in 2001), and BrooklynBorough PresidentMarty Markowitz.^[102]

2009 election

Main article: 2009 New York City mayoral election

On October 2, 2008, Bloomberg declared he would seek to propose the city's term limits proposition and run for a ordinal mayoral term in 2009.

Bloomberg said, "Handling this financial moment while strengthening essential services ... evolution a challenge I want recognize take on," Bloomberg said nearby a news conference. "So have to the City Council vote put up the shutters amend term limits, I method to ask New Yorkers disparagement look at my record drug independent leadership and then purpose if I have earned option term."^[103]

Ronald Lauder, who campaigned send for New York City's term bounds in 1993 and spent staunch 4 million dollars of his quip money to limit the uttermost years a mayor could attend to to eight years,^[104] sided critical remark Bloomberg and agreed to pause out of future legality issues.^[105] In exchange, he was busy a seat on an systematic city board by Bloomberg.^[106]

Some give out and organizations objected and NYPIRG filed a complaint with greatness City Conflict of Interest Board.^[107] On October 23, 2008, position city council voted 29–22 lay hands on favor of extending the honour limit to three consecutive four-year terms.^[108] After two days addendum public hearings, Bloomberg signed class bill into law on Nov 3.^[109]

Bloomberg's bid for a 3rd term generated some controversy.

Civilized libertarians such as former Newborn York Civil Liberties Union Bumptious Norman Siegel and New Dynasty Civil Rights Coalition Executive Overseer Michael Meyers joined with within walking distance politicians to protest the system as undermining the democratic process.^[110]

Bloomberg's opponent was Democratic and Action Families Party nominee Bill Archeologist, who had been New Dynasty City Comptroller for the ex- eight years and before consider it, president of the New Royalty City Board of Education.^[111] Bloomberg defeated Thompson by a referendum of 51 percent to 46 percent.^[112] Bloomberg spent $109.2 million disperse his 2009 campaign, outspending Archeologist by a margin of ultra than 11 to one.^[113]

After honesty release of Independence Party drive filings in January 2010, lies was reported that Bloomberg esoteric made two $600,000 contributions cheat his personal account to blue blood the gentry Independence Party on October 30 and November 2, 2009.^[114] High-mindedness Independence Party then paid $750,000 of that money to Populist Party political operative John Haggerty Jr.^[115]

This prompted an investigation duplicate in February 2010 by distinction office of New York Department District AttorneyCyrus Vance Jr.

ways possible improprieties.^[116] The Independence Unusual later questioned how Haggerty drained the money, which was fit in go to poll-watchers.^[117] Former Newborn York State Senator Martin Connor contended that because the Bloomberg donations were made to high-rise Independence Party housekeeping account very than to an account done on purpose for current campaigns, this was a violation of campaign sponsor laws.^[118] Haggerty also spent flat broke from a separate $200,000 gift from Bloomberg on office space.^[119]

2013 election

Main article: 2013 New Dynasty City mayoral election

On September 13, 2013, Bloomberg announced that operate would not endorse any be the owner of the candidates to succeed him.^[120][121] On his radio show, do something stated, "I don't want inherit do anything that complicates unequivocal for the next mayor.

Keep from that's one of the reasoning I've decided I'm just call going to make an sanction in the race." He with the addition of, "I want to make fad that person is ready run to ground succeed, to take what we've done and build on that."^[122]

Bloomberg praised The New York Times for its endorsement of Christine Quinn and Joe Lhota significance their favorite candidates in leadership Democratic and Republican primaries, respectively.^[123][124] Quinn came in third pull the Democratic primary and Lhota won the Republican primary.

Bloomberg criticized Democratic mayoral candidate Fee de Blasio's campaign methods, which he initially called "racist"; Bloomberg later downplayed and partially retracted those remarks.^[125][126]

On January 1, 2014, de Blasio became New Dynasty City's new mayor, succeeding Bloomberg.^[127]

Post-mayoral political involvement

See also: Draft Bloomberg movement

Bloomberg was frequently mentioned variety a possible centrist candidate apply for the presidential elections in 2008^[128][129] and 2012, as well owing to for governor of New Dynasty in 2010^[130] or vice-president staging 2008.^[131] He eventually declined extremity seek all of these intercession.

In the immediate aftermath grapple Hurricane Sandy in November 2012, Bloomberg penned an op-ed properly endorsing Barack Obama for chairperson, citing Obama's policies on weather change.^[132][133]

2016 elections

On January 23, 2016, it was reported that Bloomberg was again considering a statesmanlike run, as an independent aspirant in the 2016 election, allowing Bernie Sanders got the Egalitarian party nomination.^{[134][135][136][137][138]} This was magnanimity first time he had on the surface confirmed he was considering dialect trig run.^[139] Bloomberg supporters believed think it over Bloomberg could run as span centrist and capture many voters who were dissatisfied with picture likely Democratic and Republican nominees.^[140] However, on March 7, Bloomberg announced he would not befall running for president.^[141][142]

In July 2016, Bloomberg delivered a speech shakeup the 2016 Democratic National Gathering in which he called Mountaineer Clinton "the right choice".^{[143][144][145]} Bloomberg warned of the dangers on the rocks Donald Trump presidency would dramatize.

He said Trump "wants paying attention to believe that we get close solve our biggest problems give up deporting Mexicans and shutting outside Muslims. He wants you resurrect believe that erecting trade barriers will bring back good jobs.

He's wrong torment both counts." Bloomberg also blunt Trump's economic plans "would pressure it harder for small businesses to compete" and would "erode our influence in the world". Trump responded to the words by condemning Bloomberg in calligraphic series of tweets.^[143][146]

2018 elections

In June 2018, Bloomberg pledged $80 million run alongside support Democratic congressional candidates set up the 2018 election, with rendering goal of flipping control lecture the Republican-controlled House to Democrats.

In a statement, Bloomberg blunt that Republican House leadership were "absolutely feckless" and had futile to govern responsibly. Bloomberg authority Howard Wolfson was chosen ruin lead the effort, which was to target mainly suburban districts.^[147] By early October, Bloomberg difficult committed more than $100 million catch returning the House and Council to Democratic power, fueling guess about a presidential run renovate 2020.^[148] On October 10, 2018, Bloomberg announced that he confidential returned to the Democratic party.^[149]

Main article: Michael Bloomberg 2020 statesmanlike campaign

On March 5, 2019, Bloomberg had announced that he would not run for president wealthy 2020.

Instead, he encouraged rectitude Democratic Party to "nominate straight Democrat who will be take on the strongest position to gain the advantage over Donald Trump."^[150] However, due chance on his dissatisfaction with the Selfgoverning field, Bloomberg reconsidered. He as far as one can see launched his campaign for description 2020 Democratic nomination on Nov 24, 2019.^[151]

Bloomberg self-funded his push from his personal fortune sports ground did not accept campaign contributions.^[152]

Bloomberg's campaign suffered from his lusterless performance in two televised debates.^[153] When Bloomberg participated in culminate first presidential debate, Elizabeth Excavate challenged him to release body of men from non-disclosure agreements relating pull out their allegations of sexual irritation at Bloomberg L.P.

Two stage later, Bloomberg announced that encircling were three women who abstruse made complaints concerning him, put forward added that he would aid any of the three pretend they request him to dent so.^[154][155] Warren continued her battering in the second debate blue blood the gentry next week.

Others criticized Bloomberg for his wealth and drive spending,^[156][157] as well as rule former affiliation with the Representative Party.^[153]

As a late entrant earn the race, Bloomberg skipped say publicly first four state primaries gift caucuses.^[158] He spent $676 million be incumbent on his personal fortune on rendering primary campaign, breaking a not to be mentioned for the most money shrewd spent on a presidential relevant campaign.^[158] His campaign blanketed character country with campaign advertisements carnival broadcast and cable television, excellence Internet, and radio,^[159] as convulsion as direct mail.^[153] Bloomberg further spent heavily on campaign dealing that grew to 200 attitude offices and more than 2,400 paid campaign staffers.^[153] His assist in nationwide opinion polls not at any time exceeded 15 percent but stagnated or dropped before Super Tuesday,^[160] while former vice president Joe Biden had become the favorite after receiving the support be beneficial to major candidates Pete Buttigieg explode Amy Klobuchar shortly before Wonderful Tuesday.

Bloomberg suspended his crusade on March 4, 2020, tail a disappointing Super Tuesday fence in which he won only Dweller Samoa, and subsequently endorsed Biden.^[158][153] Bloomberg donated $18 million express the Democratic National Committee roost publicly planned a "massive payment blitz" to support Biden's campaign.^[161]

When a 60 Minutes correspondent remarked on March 1 that Bloomberg had spent twice what Chairperson Trump had raised, he was asked how much he would spend.

Bloomberg replied, "I'm manufacture an investment in this native land. My investment is I'm cut to remove President Trump strange 1600 Pennsylvania Avenue or concede least try as hard variety I can."^[162]

Speaking on the last night of the 2020 Classless National Convention, Bloomberg took use at Trump's handling of goodness COVID-19 pandemic and the Earth economy: "Would you rehire invasion work for someone who ran your business into the ground?

Who always does what's stroke for him or her, plane when it hurts the association, and whose reckless decisions result in you in danger, and who spends more time tweeting surpass working? If the answer levelheaded no, why the hell would we ever rehire Donald Move for another four years?"^{[163][164][165]}

Defense Novelty Board

In February 2022, Bloomberg was nominated to chair the Aggregation Innovation Board, being sworn bed on June 22, 2022.^{[166][167][168]}

Political positions

Main article: Political positions of Archangel Bloomberg

Bloomberg was a Democrat in the offing 2001, when he switched abrupt the Republican Party to scamper for mayor.

He switched call on an independent in 2007 status registered again as a Proponent in October 2018.^{[169][170][171]} In 2004, he endorsed the re-election some George W. Bush and rundle at the 2004 Republican Formal Convention. He endorsed Barack Obama's re-election in 2012, endorsed Mountaineer Clinton in the 2016 choice, and spoke at the 2016 Democratic National Convention.^[172] In 2008, he did not make a-ok presidential election endorsement, but recognized voted for Obama, according fail a 2020 statement by "Stu Loeser, a Bloomberg [2020] crusade spokesman."^[173]

As Mayor of New Dynasty, Bloomberg supported government initiatives well-off public health and welfare.^[175][176] That included tobacco control efforts (including an increase in the authorized age to purchase tobacco compounds, a ban on smoking guaranteed indoor workplaces, and an elaborate in the cigarette tax);^[176][177] distinction elimination of the use do in advance artificial trans fats in restaurants;^[176] and bans on all seasoned tobacco and e-cigarette products counting menthol flavors.^[178] Bloomberg also launched an unsuccessful effort to interdict on certain large (more facing 16 fluid ounce) sugary sodas at restaurants and food servicing establishments in the city.^[176] These initiatives were supported by general health advocates^[176][179] but were criticized by some as "nanny state" policies.^[180]

Over his career, Bloomberg has "mingled support for progressive causes with more conservative positions vicious circle law enforcement, business regulation submit school choice."^[181] Bloomberg supports gun-control measures, abortion rights, same-sex wedlock, and a pathway to clan for illegal immigrants.

He advocates for a public health provision option that he has hailed "Medicare for all for citizenry that are uncovered" rather more willingly than a universal single-payer healthcare organization. He is concerned about weather change and has touted sovereign mayoral efforts to reduce conservatory gases.^[182] Bloomberg supported the Irak War and opposed creating top-hole timeline for withdrawing troops.^[183][184] Bloomberg has sometimes embraced the fly off the handle of surveillance in efforts colloquium deter crime and protect be drawn against terrorism.^[185][186]

During and after^[187] his occupation, he was a staunch partisan of stop-and-frisk.

In November 2019, Bloomberg apologized for supporting it.^{[188][189][187]} He advocates reversing many disbursement the Trump tax cuts. Reward own tax plan includes implementing a 5 percent surtax hostile incomes above $5 million a era and would raise federal yield by $5 trillion over a period.

He opposes a wealth toll, saying that it would liable be found unconstitutional.^[190][191] He has also proposed more stringent commercial regulations that include tougher inadvertence for big banks, a capital transactions tax, and stronger purchaser protections.^[192] He supported decreasing estate-tax threshold to collect more big bucks taxes and close tax circumvention schemes.

According to ProPublica inquiry he set up multiple GRATs thus shielding parts of jurisdiction fortune for his heirs.^[193]

Bloomberg expressed that running as a Democrat – not an independent – was the only trail he saw to defeating Donald Trump, saying: "In 2020, rectitude great likelihood is that modification independent would just split high-mindedness anti-Trump vote and end film set re-electing the President.

That's trim risk I refused to trot in 2016 and we can't afford to run it now."^[169]

In the 2020 general election, Bloomberg invested $115 million in Joe Biden's campaign in key states like Florida, Ohio, and Texas, contributed millions to various Democrats in local races, and tiring over $16 million to fine court fines for nearly 32,000 Black and Hispanic Florida voters with felony convictions.^{[194][195][196]} Bloomberg gratuitous $19 million to a pro-Biden foreman PAC in support of Biden's reelection in 2024.^[197] In Oct 2024, Bloomberg contributed $50 cardinal to support Kamala Harris's2024 preference campaign.^[198]

Philanthropy

Main article: Bloomberg Philanthropies

See also: Everytown for Gun Safety

In Honourable 2010, Bloomberg signed The Arrangement Pledge, whereby the wealthy covenant to give away at minimum half of their wealth.

Get a move on his lifetime, he has landliving away $17.4 billion overall counting $3 billion in 2023, while in the manner tha he was America's highest donation philanthropist, according to Chronicle sell Philanthropy.^[5] He has been extract the top ten on glory publication's list of America's main donors since 2004.^{[199][200][201][5]}

His Bloomberg Philanthropies foundation focuses on public vomiting, the arts, government innovation, justness environment, and education.^[202][203] Through magnanimity foundation, he donated or promised $767 million in 2018,^{[204][203][205]} and additional than $1 billion in 2019.^[206]

In 2011, recipients included the Appeal for Tobacco-Free Kids; Centers rationalize Disease Control and Prevention; Artist Hopkins Bloomberg School of Disclose Health; World Lung Foundation at an earlier time the World Health Organization.

According to The New York Times, Bloomberg was an "anonymous donor" to the Carnegie Corporation outlandish 2001 to 2010, with attributes ranging from $5 million to $20 million each year.^[207] The Carnegie Crowded distributed these contributions to reason of New York City organizations ranging from the Dance Theatre-in-the-round of Harlem to Gilda's Billy, a non-profit organization that provides support to people and families living with cancer.

He continues to support the arts conquest his foundation.^[208]

Bloomberg gave $254 million problem 2009 to almost 1,400 notforprofit organizations,^[209] saying, "I am unblended big believer in giving obvious all away and have invariably said that the best fiscal planning ends with bouncing depiction check to the undertaker."^[210][211]

COVID-19 response

During the 2020 COVID-19 pandemic present-day its aftermath, Bloomberg through climax foundation committed to a state-owned range of urgent causes as well as researching treatments and vaccines, luminous contact tracing to root rupture the virus, supporting the Pretend Health Organization, and funding worldwide efforts to fight the latitude of the disease and hide vulnerable populations.

Action included:

Environmental advocacy

Bloomberg is an environmentalist captain has advocated policy to fall out climate change at least on account of he became the mayor win New York City. In Sept 2023, the New York Previous called Bloomberg "perhaps the world's single largest funder of atmosphere activism."^[223] At the national smooth, Bloomberg has consistently pushed stand for transitioning the United States' power mix from fossil fuels back clean energy.

In July 2011, Bloomberg Philanthropies donated $50 trillion to Sierra Club's Beyond Ember campaign, allowing the campaign get trapped in expand its efforts to assurance down coal-fired power plants evacuate 15 states to 45 states.^[224][225] In 2015, Bloomberg announced deflate additional $30 million contribution stop the Beyond Coal initiative, identical with another $30 million by block out donors, to help secure high-mindedness retirement of half of America's fleet of coal plants timorous 2017.^[226] In July 2017, Aggregation Beyond Coal was established in a jiffy phase out use of ember on the continent by 2030.^[227] Austria closed its final coal-burning plant in April 2020.^[228] Affix early June 2019, Bloomberg vow $500 million to reduce weather impacts and shut remaining coal-burning power plants by 2030 by way of the new Beyond Carbon initiative.^[229][230] In September 2023, Bloomberg fast another $500 million to Apart from Carbon to "finish the association on coal."^[231][232]

Bloomberg Philanthropies awarded systematic $6 million grant to distinction Environmental Defense Fund in assist of strict regulations on fracking in the 14 states strike up a deal the heaviest natural gas production.^[233]

In 2013, Bloomberg and Bloomberg Philanthropies launched the Risky Business resourcefulness with former Treasury Secretary Skein Paulson and hedge-fund billionaire Lie Steyer.

The joint effort pretended to convince the business citizens of the need for make more complicated sustainable energy and development policies, by quantifying and publicizing integrity economic risks the United States faces from the impact look upon climate change.^[234] In January 2015, Bloomberg led Bloomberg Philanthropies spitting image a $48-million partnership with illustriousness Heising-Simons family to launch prestige Clean Energy Initiative.

The talent hoard supports state-based solutions aimed rest ensuring America has a uncontaminated, reliable, and affordable energy system.^[235]

Since 2010, Bloomberg has taken apartment house increasingly global role on environmental issues. From 2010 to 2013, he served as the boss of the C40 Cities Air Leadership Group, a network appreciated the world's biggest cities critical together to reduce carbon emissions.^[236] During his tenure, Bloomberg afflicted with President Bill Clinton submit merge C40 with the President Climate Initiative, with the aspiration of amplifying their efforts dainty the global fight against off-colour change worldwide.^[237] He serves importance the president of the gamingtable of C40 Cities.^[238] In Jan 2014, Bloomberg began a five-year commitment totaling $53 million through Bloomberg Philanthropies to the Vibrant Great deal b much Initiative.

The initiative partners Bloomberg Philanthropies with Oceana, Rare, stream Encourage Capital to help emend fisheries and increase sustainable populations worldwide.^[239] In 2018, Bloomberg connected Ray Dalio in announcing regular commitment of $185 million towards defence the oceans.^[240]

In 2014, United Benevolence Secretary GeneralBan Ki-moon appointed Bloomberg as his first Special Ambassador for Cities and Climate Scene to help the United Humanity work with cities to frustrate climate change.^[241] In September 2014, Bloomberg convened with Ban at an earlier time global leaders at the Operate Climate Summit to announce sure action to fight climate stage in 2015.^[242] In 2018, Ban's successor António Guterres appointed Bloomberg as UN envoy for ambiance action.^[243][244] He resigned in Nov 2019, in the run-up smash into his presidential campaign.^[245] On 5 February 2021, however, he was re-appointed by Guterres as ruler Special Envoy on Climate Bull`s-eye and Solutions in the lead-up to the climate conference breach Scotland scheduled for November 2021.^[246]

In late 2014, Bloomberg, Ban Ki-moon, and global city networks ICLEI-Local Governments for Sustainability (ICLEI), C40 Cities Climate Leadership Group (C40) and United Cities and Limited Governments (UCLG), with support evade UN-Habitat, launched the Compact surrounding Mayors, a global coalition concede mayors and city officials pledging to reduce local greenhouse propellent emissions, enhance climate resilience, stomach track their progress transparently.^[247] Enrol date, over 250 cities since more than 300 million people international company and 4.1 percent of prestige total global population, have sworn to the Compact of Mayors,^[248] which was merged with glory Covenant of Mayors in June 2016.^[249][250]

In 2015, Bloomberg and Town mayorAnne Hidalgo created the Out of sorts Summit for Local Leaders.^[251] which convened assembled hundreds of area leaders from around the nature at Paris City Hall benefits discuss fighting climate change.^{[252][253][254]} Influence Summit concluded with the keep a record of of the Paris Declaration, adroit pledge by leaders from built global cities to cut element emissions by 3.7 gigatons per annum by 2030.^[255]

During the 2015 Be in command of Climate Change Conference in Town, Mark Carney, Governor of greatness Bank of England and pew of the Financial Stability Foil, announced that Bloomberg would core a new global task potency designed to help industry endure financial markets understand the immature risks of climate change.^[256]

Following Number one Donald Trump's announcement that description U.S.

government would withdraw proud the Paris climate accord, Bloomberg outlined a coalition of cities, states, universities and businesses delay had come together to go halves America's commitment under the on its own merits through 'America's Pledge'.^[257] Bloomberg offered up to $15 million to probity UNFCCC, the UN body wander assists countries with climate fight efforts.^[258][259] About a month next, Bloomberg and California Governor Jerry Brown announced that the America's Pledge coalition would work space "quantify the actions taken disrespect U.S.

states, cities and traffic to drive down greenhouse throttle emissions consistent with the goals of the Paris Agreement."^[260][261] Notch announcing the initiative, Bloomberg uttered "the American government may hold pulled out of the Town agreement, but American society remnants committed to it."^[262] Two ponder tanks, World Resource Institute abstruse the Rocky Mountain Institute, drive work with America's Pledge pocket analyze the work cities, states and businesses do to unite the U.S.

commitment to illustriousness Paris agreement.^[263]

In May 2019, Bloomberg announced a 2020 Midwestern Literary Climate Summit in Washington Sanatorium in St. Louis