What is Bloomberg?
Bloomberg LP is a leading American software, data, and media company founded by Michael Bloomberg in 1981. The company is renowned for its role in the financial services industry, providing real-time market data, financial analytics, and global business news. As of recent estimates, Bloomberg worth is valued at over $36 billion, largely driven by the global adoption of its Bloomberg Terminals and data services.
Michael Bloomberg began his career as a Wall Street trader at Salomon Brothers before launching his first venture, Innovative Market Systems, in 1982. The company was later renamed Bloomberg LP in 1992 following a strategic merger with Merrill Lynch’s financial data system.
As of 2016, Bloomberg offers advanced financial software solutions that:
- Organize data from thousands of global information sources
- Calculate and analyze market data using complex financial models
- Deliver real-time financial news and information
The company serves over 320,000 subscribers worldwide through its flagship Bloomberg Worth, along with platforms accessible via smartphones, desktops, and the internet.
How Did Michael Bloomberg Become a Billionaire?
Michael Bloomberg became a billionaire by revolutionizing the way financial data is accessed and analyzed. After being laid off from investment bank Salomon Brothers in 1981, he used his $10 million severance package to launch a startup focused on delivering real-time market data to financial professionals.
In 1982, he founded Innovative Market Systems, which later became Bloomberg LP. His company developed the Bloomberg Terminal—a powerful data platform that provides financial information, analytics, and trading tools. The terminal quickly became essential for investment firms, banks, hedge funds, and government agencies worldwide.
With over 320,000 Bloomberg Terminal subscribers paying hefty annual fees, Bloomberg LP grew rapidly. Michael Bloomberg retained a majority stake in the company, which generated billions in revenue.
By owning around 88% of Bloomberg LP, Michael Bloomberg’s net worth soared over the years, officially making him a billionaire in the 1990s and one of the richest people in the world today.
How Much Does a Bloomberg Terminal Cost?
The Bloomberg Terminal is a premium financial data and analytics platform that costs approximately $25,000 per user per year. Despite its high price, it is considered essential in the financial industry due to its unmatched access to real-time global market data, financial analytics, news, and trading tools.
Traders, analysts, and investment firms use the Bloomberg Terminal to make faster, more informed investment decisions. As of now, Bloomberg Worth Estimated value is over $36 billion, driven largely by the global adoption of its terminals.
What Years Did Michael Bloomberg Serve as Mayor of New York City?
Michael Bloomberg served as the 108th Mayor of New York City from 2002 to 2013. After his tenure, he transitioned into media and political commentary. On January 1, 2014, he became a political commentator and appeared on the same network where he previously co-hosted the political show With All Due Respect.
Bloomberg has also written opinion pieces for The New York Times, contributing to public discourse on business, politics, and climate change.
Bloomberg Worth Revenue Sources for the Terminal
How Does Bloomberg Worth Make Money?
Bloomberg’s primary revenue comes from subscriptions to the Bloomberg Terminal, a financial platform widely used by investment professionals. The monthly cost for a Bloomberg Terminal ranges from $2,400 to $24,000, depending on the features and level of access included in the subscription.
In addition to terminal subscriptions, Bloomberg LP earns commissions on trades executed through its platform and provides data feeds to third-party clients such as banks, hedge funds, and financial institutions.
Bloomberg offers three versions of its terminal:
- A basic version available for free download, giving limited access to data tools.
- A standard version priced at $2,400 per month, which includes a wide range of services.
- Higher-tier subscriptions with enhanced features, analytics, and tools that can cost up to $24,000 monthly, depending on the user’s requirements.
These two main revenue streams—Bloomberg Terminals and data services—make Bloomberg one of the most successful financial data providers in the world.
What Does Bloomberg Do?
Key Services Bloomberg Provides:
- Bloomberg Terminal
A powerful subscription-based platform offering real-time financial data, market analytics, news, and trading tools used by over 320,000 finance professionals worldwide. - Financial Data Services
Bloomberg delivers accurate, real-time market data and analytics for stocks, bonds, commodities, currencies, and other asset classes. It also provides data feeds to banks, hedge funds, and financial institutions. - News & Media
Through Bloomberg News, Bloomberg TV, and Bloomberg.com, the company delivers trusted business and financial news, analysis, and market updates globally. - Trading & Risk Tools
Bloomberg provides electronic trading platforms, risk management software, and portfolio analytics to help institutions make informed decisions. - Research & Analytics
The platform includes tools for economic research, company analysis, industry trends, and forecasting.
Key Facts About Bloomberg LP
- Founded: 1981 by Michael Bloomberg
- Headquarters: New York City, USA
- Founder’s Background: Former Salomon Brothers executive and Wall Street trader
- Flagship Product: Bloomberg Terminal – a subscription-based financial data and analytics platform
- Terminal Cost: Ranges from $2,400 to $24,000 per month, depending on features
- Subscribers: Over 320,000 Bloomberg Terminal users worldwide
- Core Services:
- Real-time financial data
- Market analytics
- Electronic trading tools
- News and media
- Risk and portfolio management tools
- Media Division:
- Bloomberg News
- Bloomberg TV
- Bloomberg Radio
- Bloomberg Businessweek
- Revenue Sources:
- Bloomberg Terminal subscriptions
- Financial data feeds
- Media and advertising
- Global Reach: Operates in over 170 countries
- Employees: More than 20,000 employees globally
- Estimated Company Value: Over $36 billion
- Ownership: Michael Bloomberg owns ~88% of the company
- Notable Role: Bloomberg is a top financial data provider for professionals in investment banking, asset management, and government sectors
- Website: www.bloomberg.com
🏛️ Who Does Michael michael r. bloomberg?
Michael Bloomberg’s recent and notable political endorsements include:
2025 New York City Mayoral Race
Bloomberg has officially endorsed Andrew Cuomo in the 2025 Democratic mayoral primary, held on June 24. He cited Cuomo’s leadership and crisis-management skills as key reasons for his support (Wall Street Journal, NBC New York). This endorsement represents his most prominent political backing in 2025, reflecting renewed engagement in local politics after a period of public neutrality (NBC New York, Spectrum Local News).
Despite criticism from progressive voters, Bloomberg has contributed over $8 million to a super PAC supporting Cuomo, highlighting significant financial and political investment in the candidate’s campaign (Politico).
Past National-Level Endorsements
2020 Presidential Campaign
- Joe Biden (Democrat): Bloomberg ended his own presidential run on March 4, 2020, and then publicly endorsed Biden, funding campaign operations and infrastructure in a bid to defeat Donald Trump (CNBC).
2024 Presidential Campaign Cycle
- Kamala Harris (Vice President): In late October 2024, Bloomberg endorsed Harris in an op‑ed published on Bloomberg News. He had contributed $50 million to her affiliated super PAC and urged undecided voters to support her for her policy positions and integrity (thedailybeast.com).
🧩 Summary Table
| Year | Candidate | Context |
|---|---|---|
| 2025 | Andrew Cuomo | NYC mayoral primary endorsement, crisis leadership |
| 2020 | Joe Biden | Democratic presidential candidate |
| 2024 | Kamala Harris | Vice presidential endorsement |
