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Biography for
Mike Bloomberg (Character)
from "Saturday Night Live" (1975)

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Michael Rubens Bloomberg (born February 14, 1942) is an American business magnate, politician, and philanthropist. He served as the 108th Mayor of New York City, holding office for three consecutive terms beginning with his first election in 2001. With a net worth of $41.1 billion, he is the 6th-wealthiest person in the United States and the 8th-wealthiest in the world. He is the founder, CEO, and owner of Bloomberg L.P., the global financial data and media company that bears his name and is notable for its Bloomberg Terminal, which is widely used by investment professionals around the world.

Bloomberg 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. He also served as chairman of the board of trustees at his alma mater Johns Hopkins University from 1996 to 2002. 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. Bloomberg won a second term in 2005 and left the Republican Party two years later. He campaigned to change the city's term limits law and was elected to his third term in 2009 as an independent candidate on the Republican ballot line.

Bloomberg was frequently mentioned as a possible 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, instead opting to continue serving as the mayor of New York City. On January 1, 2014, Bill de Blasio succeeded Bloomberg as the mayor of New York City. After a brief stint as a full-time philanthropist, he re-assumed the position of CEO at Bloomberg L.P. the end of 2014. On March 7, 2016, Bloomberg announced that he would not run as a third party candidate in the 2016 presidential election.

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