Michael Bloomberg Biography

Fast Facts

• During his administration in New York, crime rates decreased by 30 percent, welfare decreased by 20 percent, high school graduation rates increased by 42 percent, and more than 850 acres of parkland were added to the City
• Has directed much of his time and money to philanthropy and is on the boards of several non-profit and educational organizations, including the Bloomberg School of Public Health at Johns Hopkins University
• Graduated from Johns Hopkins University with a degree in Electrical Engineering in 1964 and earned a Master's in Business Administration from Harvard University in 1966
• Started out on Wall Street with the Salomon Brothers, where he would later become partner in 1972
• Founded his own company called Bloomberg L․P․ in 1981 which focused on the storage of securities data
• Won the election to become the 108th mayor of New York in 2002 and was re-elected again in 2005 and 2008
• Founded Bloomberg News in 1990, which has since developed into a worldwide business and financial network, including radio stations, publications, and websites
• Best known as a businessman, entrepreneur, and former mayor of New York City
• One of his most popular programs as mayor was the launching of a 311 telephone line that allowed residents to contact the city directly
• Published his autobiography, "Bloomberg by Bloomberg," in 1997