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This article is a direct result of the research process for our US Single Family Office database. This list includes the main family investment vehicles of some of America’s wealthiest people, investing in areas as diverse as financial markets, real estate, venture capital, private equity and renewable energy.
Where does the fortune of Michael Bloomberg come from?
Michael Bloomberg is an entrepreneur, former mayor of New York City, presidential candidate – and one of the richest Americans. After graduating with an engineering degree from Johns Hopkins University and an MBA from Harvard, Bloomberg worked for Salomon Brothers and Merrill Lynch. In 1982, Bloomberg founded Bloomberg, one of the world’s leading financial data and media companies.
Update 2024: Bloomberg’s business is booming. So far, the 82-year-old entrepreneur has managed to increase his fortune to around $106 billion, making him the 12th richest man in the world.
How did Bloomberg’s company develop?
Bloomberg’s first products were computer-based systems for market data and financial analysis. By 1986, more than 5,000 Bloomberg terminals had been installed. Today, the company has several businesses, from Bloomberg News to the venture capital firm Bloomberg Beta. The company is headquartered on Lexington Avenue in New York.
Update 2024: Last year, Bloomberg continued to grow its revenues to $12.5 billion and employ more than 21,000 people. This makes Bloomberg the 33rd largest company in the US.
Is there a Michael Bloomberg single family office?
Yes, there is a single family office run by Michael Bloomberg. It is called Willett Advisors LLC and is also based in New York. Willett Advisors mainly manages Michael Bloomberg’s philanthropic assets, as he has also joined Bill Gates’ and Warren Buffet’s Giving Pledge. The family office employs many high-profile figures from the financial industry. For example, Brian Allen (a former principal at Soros Fund Management) joined the firm in July 2019.
How is the New York-based Willett Advisors family office investing?
The family office employs many high-profile individuals from the financial industry. For example, Brian Allen (a former principal at Soros Fund Management) joined the firm in July 2019. Bloomberg’s family office, Willett Advisors, invests in various asset classes. For example, the firm has stakes in various natural gas companies. The New York-based family investment firm also invests in startups from the Silicon Valley-based Y Combinator. Another startup investment was the $93 million Series D financing round of TraceLink.
This article is part of our detailed report “The single family offices of the richest US families“.
Picture source: Colton Duke
