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Michael Bloomberg

9 questions · Economics

Michael Bloomberg, born in 1942, lost his Wall Street job in 1981 and turned it into his greatest success. He founded the company Bloomberg, whose „terminals“ supply finance professionals worldwide with real-time data and news; hardly a trading floor does without them. With the data business he became a billionaire and built a global media empire. From 2002 to 2013 he was also Mayor of New York City and is a major philanthropist. Good to know: The company bears his own name. It is one of the most powerful firms in finance. It delivers prices, news and analysis in real time. A subscription costs tens of thousands of dollars a year. With his severance he founded his own company. The setback became his greatest success. He ran the huge city for three terms. His mayoral salary was a symbolic one dollar. It includes TV, radio and the website Bloomberg News. Thus he combines data and journalism. He gives billions for education, health and climate. He gave record sums to his old university Johns Hopkins.

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All questions with answers

Which financial-data company was founded by the man who later became mayor of New York?

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Bloomberg

The company bears his own name.

💡 Did you know? It is one of the most powerful firms in finance.

Which device supplying finance professionals with market data founded the former New York mayor's fortune?

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the Bloomberg Terminal

It delivers prices, news and analysis in real time.

💡 Did you know? A subscription costs tens of thousands of dollars a year.

What triggered Bloomberg to start his company?

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the loss of his Wall Street job

With his severance he founded his own company.

💡 Did you know? The setback became his greatest success.

Which political office did Bloomberg hold from 2002 to 2013?

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Mayor of New York City

He ran the huge city for three terms.

💡 Did you know? His mayoral salary was a symbolic one dollar.

What else did Bloomberg build besides financial data?

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a media empire (news)

It includes TV, radio and the website Bloomberg News.

💡 Did you know? Thus he combines data and journalism.

What else is Bloomberg known for besides business and politics?

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as a major philanthropist

He gives billions for education, health and climate.

💡 Did you know? He gave record sums to his old university Johns Hopkins.

For which highest US office did Bloomberg unsuccessfully run in 2020?

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the presidency

He spent hundreds of millions of his own dollars on it.

💡 Did you know? The bid nonetheless failed.

Which university, his own alma mater, has Bloomberg given billions to?

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Johns Hopkins University

He is regarded as the largest single donor any US university has ever had.

💡 Did you know? Its school of public health is now called the Bloomberg School of Public Health.

Michael Bloomberg

Foto: Bloomberg Philanthropies · CC0 · Wikimedia Commons

Which billionaire is shown here?

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Michael Bloomberg

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