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:
The company serves over 320,000 subscribers worldwide through its flagship Bloomberg Worth, along with platforms accessible via smartphones, desktops, and the internet.
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.
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.
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’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:
These two main revenue streams—Bloomberg Terminals and data services—make Bloomberg one of the most successful financial data providers in the world.
Michael Bloomberg’s recent and notable political endorsements include:
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).
| Year | Candidate | Context |
|---|---|---|
| 2025 | Andrew Cuomo | NYC mayoral primary endorsement, crisis leadership |
| 2020 | Joe Biden | Democratic presidential candidate |
| 2024 | Kamala Harris | Vice presidential endorsement |
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