Michael Bloomberg Net Worth

Michael Bloomberg has an estimated net worth of $94.9 billion, according to Forbes Real-Time Billionaires, Michael Bloomberg profile (figures as of October 20, 2026). That is up from $55.5 billion in 2019.

Michael Bloomberg is an American businessman, politician, and philanthropist best known for helping build Bloomberg LP. He got his start on Wall Street in 1966 with an entry level job at Salomon Brothers. After 15 years there, he was fired. In 1981, he cofounded Bloomberg LP, a company focused on financial information and media. He served as its CEO from 1981 to 2001, then again from 2014 to 2023.

His wealth is tied mainly to Bloomberg LP. Forbes says he owns 88% of the business, which has estimated annual revenue of nearly $15 billion. Bloomberg also spent 12 years as mayor of New York City from 2002 to 2013 and made an unsuccessful run for president in the 2020 race. Forbes put his net worth at $109 billion on its 2026 World's Billionaires List, placing him among the richest self-made figures in finance and investments.

How Michael Bloomberg built his fortune

Bloomberg became wealthy by building Bloomberg LP into a major financial information and media company. He cofounded the business in 1981 and provided the seed funding himself. The company grew from his background on Wall Street, where he had worked at Salomon Brothers starting in 1966. Over time, Bloomberg LP expanded into products and media built around financial data, and Bloomberg remained deeply involved as a longtime CEO and majority owner.

Today, Forbes says Bloomberg still owns 88% of Bloomberg LP, making that stake the main source of his fortune. In 2023, he handed the CEO role to product head Vlad Kliatchko and named former Bank of England governor Mark Carney as non-executive chair of a new board of directors. He has also said his stake in Bloomberg LP will go to Bloomberg Philanthropies when he dies, if not sooner.

What Forbes says about his wealth

Forbes has tracked large swings in Bloomberg's fortune over the past several years. Its World's Billionaires List estimated him at $55.5 billion in 2019, then $48 billion in 2020. The estimate rose to $59 billion in 2021 and $82 billion in 2022. It climbed again to $94.5 billion in 2023, then reached $106 billion in 2024 before easing slightly to $105 billion in 2025.

On October 20, 2026, Forbes' real-time billionaires tracker put Bloomberg at $94.9 billion. The main driver is still Bloomberg LP, where Forbes says he owns 88% and the company generates nearly $15 billion in annual revenue. Bloomberg is also known for giving away large sums. Forbes says he donated $4.3 billion in 2025 and more than $25.4 billion over his lifetime to causes including education, climate change, and gun safety.