Michael Bloomber: A Prediction Part 1

Michael Bloomberg is mayor of New York City. Currently he has a net worth estimated at $18 million and ranks among the ten wealthiest people living in the United States.

Bloomberg is the founder and 80% owner of Bloomberg LP, an information services company which provides data to Wall Street. In more recent years the company has branched out into financial news and media. They own the Bloomberg Television channel, a financial news outlet on cable television, and now also own BusinessWeek, which Bloomberg bought last year.

There is no doubting Bloomberg’s ability in business. While he has probably spent the
last dozen years involved in politics his record of business achievement is enviable. It should also be stated that Bloomberg would rank as one of the more generous Americans. In the last decade he has probably donated in excess of a billion dollars to various non-profit organizations. Some of the statistics are astounding. Bloomberg reportedly gave $254 million in 2009 to 1,400 non-profit organizations and there are statistics available online that he gave $136 million in 2004, $144 million in 2005 and $165 million in 2006. One has to assume that similar amounts were also given in other years.

This is an impressive record and while there have been rumours of personal inde
Bloomberg is divorced and presumably free to make whatever sort of decision he
wishes to make regarding his personal life. While there have been rumours about
personal indiscretions.

His record in New York City is also the subject of positive comment for media and
he is considered to be an effective and competent mayor in the country’s
largest city. He followed the two-term reign of Rudy Guiliani, whose claim to
fame as New York’s attorney was to clean out the mafia and followed that effort
by cleaning up the crime in New York City itself. Guiliani had a popularity
based on his success as an administrator and a reputation for being tough on
crime. To his credit, Bloomberg has maintained the aura of the Guiliani era and
is perceived to possess the same positive attributes of his predecessor.