Episode 920
Michael Bloomberg
Sat, 2019-Nov-09 01:35 UTC
Length - 4:22
Direct Link
Welcome to popular Wiki of the Day where we read the summary of a popular Wikipedia page every day.
With 330,355 views on Friday, 8 November 2019 our article of the day is Michael Bloomberg.
Michael Rubens Bloomberg KBE (born February 14, 1942) is an American businessman, politician, author, and philanthropist. As of November 2019, his net worth was estimated at $57.1 billion, making him the 9th richest person in the United States and the 14th richest person in the world. He has joined The Giving Pledge, whereby billionaires pledge to give away at least half of their wealth. To date, Bloomberg has given away $8.2 billion, including his November 2018 $1.8 billion gift to Johns Hopkins University for student aid—the largest private donation ever made to a higher education institution. Bloomberg is co-founder, CEO, and owner of Bloomberg L. P., a global financial services, software and mass media company that bears his name, and is notable for its Bloomberg Terminal, a computer software system providing financial data widely used in the global financial services industry. He began his career at the securities brokerage Salomon Brothers, before forming his own company in 1981 and spending the next twenty years as its chairman and CEO. Bloomberg also served as chair of the board of trustees at his alma mater, Johns Hopkins University, from 1996 to 2002.
Bloomberg served as the 108th Mayor of New York City, holding office for three consecutive terms, beginning his first in 2001. A Democrat before seeking elective office, Bloomberg switched his party registration in 2001 to run for mayor as a Republican. He defeated opponent Mark Green in a close election held just weeks after the September 11 terrorist attacks. He won a second term in 2005, and left the Republican Party two years later. Bloomberg campaigned to change the city's term limits law, and was elected to his third term in 2009 as an Independent on the Republican ballot line.
Bloomberg was frequently mentioned as a possible centrist candidate for the U. S. Presidential elections in 2008, and 2012, as well as for Governor of New York in 2010. He declined to seek either office, opting to continue serving as the mayor of New York City. His final term as mayor ended on December 31, 2013.
After a brief stint as a full-time philanthropist, Bloomberg re-assumed the position of CEO at Bloomberg L. P. by the end of 2014. There was widespread speculation that he would run as a third party candidate in the 2016 U. S. presidential election, though he chose not to run, later endorsing Democratic nominee Hillary Clinton for president. In October 2018, Bloomberg announced that he had changed his political party affiliation to Democratic, which he had previously been registered as prior to 2001.
Bloomberg announced on November 7, 2019 that he was taking steps to enter the 2020 presidential race, despite previously saying in March 2019 that he would not pursue the presidency, Bloomberg officially entered the race on November 8, 2019 by filing to insert his name on the Alabama Democratic Primary ballot and announced that he will make a decision about a formal campaign launch on November 11 at earliest.
This recording reflects the Wikipedia text as of 01:35 UTC on Saturday, 9 November 2019.
For the full current version of the article, see Michael Bloomberg on Wikipedia.
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This has been Geraint. Thank you for listening to popular Wiki of the Day.
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