The life of Michael Bloomberg: How an unemployed 39-year-old banker became a billionaire, 3-time mayor of New York, and former presidential hopeful

Drew Angerer/GettyNewly announced Democratic presidential candidate, former New York Mayor Michael Bloomberg speaks during a press conference to discuss his presidential run on November 25, 2019 in Norfolk, Virginia.
  • Michael Bloomberg has dropped out of the 2020 presidential race, and endorsed former Vice President Joe Biden for the Democratic ticket.
  • The 77-year-old billionaire philanthropist spent 15 years working in finance, before getting fired when he was 39. With the severance check, he co-started his own IT firm, which he called Bloomberg LP.
  • It was a success, and he expanded it to cover the media. Fifteen years later he was a billionaire. But that wasn’t enough, so he entered politics.
  • In 2002, he was elected mayor of New York City, and kept the post for 12 years.
  • Visit Business Insider’s homepage for more stories.

Michael Bloomberg is not your typical billionaire.

On Wednesday, he announced he was dropping out of the 2020 presidential race after he took a clobbering on Super Tuesday, when he only won in American Samoa.

He campaigned for months and spent more than $US500 million on advertising why he should be the next president. It’s a lot of money, but only a fraction of his $US64 billion fortune.

Bloomberg wasn’t born into money. He was raised modestly in suburban Boston, before he rose through the ranks of New York’s financial world, only to get fired at the age of 39.

That same year, using his IT expertise and a healthy chunk of his severance pay, he started Bloomberg LP, which provided data to financial traders. The service was a success, and 15 years later, along with starting his own media company, he became a billionaire.

But that wasn’t enough for Bloomberg. He entered politics and served as New York City mayor for over a decade, earning only $US1 a year. During his tenure he identified as a Republican and an independent.

As Chris Smith wrote for New York Magazine, “Instead of using his money to withdraw from the messiness of the everyday world, Bloomberg has thrust himself ever more into it.” And while Bloomberg is a liberal, his “real religion has always been pragmatism.”

He has pledged half of his fortune to charity after his death. Bloomberg Philanthropies says he’s already donated more than $US6 billion to various causes over the years.

Here’s a look back at Bloomberg’s life to date, in photos.

Michael Bloomberg was born on February 14, 1942. He grew up in a family of four in Medford, Massachusetts, a blue-collar suburb of Boston.

Getty ImagesA warm fall evening in Medford, Massachusetts.

His Polish immigrant father worked seven days a week as an accountant, while his mother worked as a secretary.

In 1964, he graduated from Johns Hopkins University with a degree in mechanical engineering. During his studies, he worked part-time at a parking lot, and was president of his fraternity. In 1966, he received an MBA from Harvard University.

REUTERS/Brian SnyderBloomberg receiving an honorary doctorate degree.

Sources: Politifact, MichaelBloomberg2020,Politico

In 1966, he moved to New York and started work at Salomon Brothers, an investment bank. His first role was down in a vault known as “The Cage” counting stocks.

Eduardo Munoz/ReutersThe Bloomberg Tower in New York City.

He didn’t stay down for long. By the time he was 30 in 1972, he had made partner working in sales and trading.

In 1976, while working his way up, Bloomberg married Susan Brown.

Thomas Monaster/NY Daily News Archive / GettyMichael Bloomberg and Susan Brown.

Sources: The New York Times, The New York Times

They had two daughters — Georgina Bloomberg, now a professional equestrian rider, and Emma Bloomberg, who works in non-profits. The couple later divorced in 1993.

Michael Appleton/NY Daily News Archive / GettyMayor Michael Bloomberg enjoys a beer with his daughter Georgina during the New York Jets versus San Francisco 49ers football game at the Meadowlands.

According to a 2001 interview in The New York Times with Emma, her parents remained best friends.

In 1979, Bloomberg was moved to the IT department. It was not a promotion. IT wasn’t a glamorous sector, since it was removed from the glory of trades and deals. But it was there he learned about computers.

Reuter Raymond/Sygma / GettyMichael Bloomberg in 1998.

Sources: The Gentleman’s Journal, The New York Times

In 1981, when Salomon merged with another company called Phibro, Bloomberg was fired. He was 39 years old. He had spent 15 years working 12-hour-days, six-days a week. But he had to walk away.

Richard Corkery/NY Daily News Archive / GettyMichael Bloomberg in 1999.

He was helped along by a $US10 million payout.

“Afterward, I didn’t sit around wondering what was happening at the old firm. I didn’t go back and visit. I never look over my shoulder. Once finished: Gone. Life continues!” he wrote in his memoir titled “Bloomberg“, which was published in 1997.

According to the biography on him “Mike Bloomberg: Money, Power, Politics” by Joyce Purnick, at one point he told his bosses, “I could run the goddamn company better.”

Bloomberg wasn’t embarrassed about being fired, but he worried his wife would be ashamed about the loss of status, or his ability to support his family. So the week he was fired he ordered her a sable fur coat from Third Avenue.

Thomas Monaster/NY Daily News Archive / GettyMichael Bloomberg and Susan Brown.

“A sable jacket seemed to say, “No sweat. We can still eat. We’re still players,” he wrote in “Bloomberg.”

That same year, using $US4 million from the Salomon payout, he co-created Bloomberg LP, a financial services company. He knew that traders needed reliable data, and decided his company would be the one to provide it.

James Keyser/The LIFE Images Collection / GettyBloomberg Financial Markets electronic financial information service co. head Michael Bloomberg in co’s computer-filled offices.

He saw that computers would revolutionise Wall Street, and was one of the first to capitalise on it.

According to his website, the provision of this information was a way to “democratize financial information, empowering investors and smaller firms and result in dramatically improved returns for pensioners and retirees.”

The company’s first customer was Merrill Lynch.

Bloomberg still owns 88% of the company. In 2018, it bought in $US10 billion in revenue, employing nearly 20,000 people in 120 countries.

In 1986, he bought a five-story townhouse in the Upper East Side of Manhattan for $US3.5 million. It became his home base and a venue for dinner parties.

Reuters/Andrew BurtonBloomberg’s townhouse on 79th St.

According to New York Magazine, these dinner parties “were often pretentious in their unpretentiousness.” Bloomberg served things like fried chicken and coleslaw.

At one point in 2013, Bloomberg owned 14 properties worldwide, with homes everywhere from New York to London to Bermuda.

Due to the success of the company, he branched out into the news media. In 1990, he launched Bloomberg News, with 50 reporters spread out in key cities like Tokyo, London, and Toronto. In 1994, he launched Bloomberg TV.

Rita Barros/GettyMichael Bloomberg, founder and president of Bloomberg LP, a communications and media company, poses for a portrait at his company’s television studios October 1994 in New York City

Sources: Politico, The Gentleman’s Journal

In 1995, Bloomberg joined the ranks of billionaires. Money was flowing. As well as his property purchases, Bloomberg was donating hundreds of millions of dollars. But it wasn’t enough to satisfy him.

Michael Brennan / GettyAmerican businessman and politician Michael Bloomberg, New York City, 1999.

That same year he donated $US55 million to John Hopkins, a sizeable chunk of the $US1 billion he has donated to the university, according to Politico. The John Hopkins School of Public Health was renamed after Bloomberg, because of the donations.

According to New York Magazine, Bloomberg told the school’s dean Alfred Somner that he needed another challenge, and it wasn’t building another company. “I don’t need any more money. Where can I make a difference?” he said.

News anchor Barbara Walters, one of Bloomberg’s close friends, told New York Magazine, “This was not a man who used his money because he was going to take us all out on a yacht.”

Richard Cockery / NY Daily News Archive / GettyMichael Bloomberg and Barbara Walters attend a party honouring Walters for her 25 years as news anchor on ’20/20.’

Source: New York Magazine

According to Boston College professor Paul Schervish, Bloomberg had “conquered the business world, but he still had in his soul this command to use his talents and his will in another arena.”

JHU Sheridan Libraries / Gado / GettyMichael Rubens Bloomberg, Candid shot, Bloomberg is climbing an indoor climbing wall, Side view, ca 47 years of age, 1997.

Source: New York Magazine

In 2000, Bloomberg, until then a Democrat, registered as a Republican. A month later, he hosted an election night party with magazine editor Tina Brown and (now disgraced) movie producer Harvey Weinstein.

Evan Agostini/GettyTalk Magazine, Miramax & Bloomberg host democratic election night party at Elaines in New York City. Pictured are the hosts: Michael Bloomberg, Tina Brown & Harvey Weinstein.

They invited hundreds of friends to a restaurant on Manhattan’s Upper East Side. When The New York Times asked at the party if he wanted to spend his 60s standing over wounded New York police officers as mayor, he responded, “I’d like to prevent cops from getting shot.”

According to The Times, he became a Republican because if he’d remained a Democrat he would have lost in a mayoral primary.

He also met Diana Taylor in 2000. Taylor was the unofficial first lady during his time as mayor and later served as the New York State superintendent of banks. Both parties have said marriage won’t be in the cards.

Getty/Mike CoppolaBloomberg and his domestic partner, Diana Taylor.

Source: The New York Times

In 2000, he bought his daughter, Georgina, a $US3.6 million equestrian estate in Westchester County’s North Salem. It was once used as an exercise ground for circus elephants.

Howard Simmons/NY Daily News Archive / GettyMayor-Elect Michael Bloomberg 20-acre farm to stable his daughter’s horses in North Salem, Westchester, estimated value is $US3.7 Million.

Adjacent to his daughter’s house is a $US4.55 million home he purchased in 2012.

He bought the house so his daughter Georgina, a competitive horse jumper, could keep her horses there.

But when he tried to extend a special-use permit from six horses to 20, several neighbours complained, arguing renovations could harm the environment, property values, and “bring a pervasive smell” to the neighbourhood, according to The New York Times.

Bloomberg campaigned for mayor. But in an unusual move, at a press conference where former Republican Gov. George Pataki endorsed him, Bloomberg repeatedly said, “I’m a liberal. I’m a liberal. I’m a liberal. I’m a LIBERAL.”

Susan Watts / NY Daily News Archive / GettyGov. George Pataki shakes hands with Michael Bloomberg as he endorses the Republican mayoral candidate at Hudson River Park.

Source: The New York Times

It didn’t matter. In 2002, he was elected mayor of New York, narrowly beating Democrat candidate Mark Green. He stepped down from running his company, and over the next 12 years earned $US1 a year.

Getty ImagesBloomberg campaigning in 2001.

Sources: Business Insider, Wall Street Journal, The New York Times, The New York Times

He held more than 80 public forums during his first three-year tenure as mayor, and seemed to be, according to New York Magazine, “a one man complaint department.”

Todd Maisel/NY Daily News Archive / GettyRepublican mayoral candidate Michael Bloomberg tries to make friends with a shy Linda McNulty, 4, during a campaign stop in Bay Ridge, Brooklyn.

Source: New York Magazine

His tenure had a number of positives — he led the city through its recovery after 9/11. He helped the city’s finances by raising property taxes and cutting down city services. His administration introduced Citi Bikes and banned smoking in restaurants.

Mark Peterson/Corbis / GettyMike Bloomberg riding mass transportation in the city.

Sources: The New York Times, City & State NY

One of his big focuses was gun control. In 2002, he announced a gun buy-back program. Anyone who provided information about an illegal handgun would be rewarded $US1,000.

Spencer Platt / GettyNew York City Mayor Michael Bloomberg (R) holds a gun during a news conference with New York Police Commissioner Raymond W. Kelly (L) to announce a gun buy back program April 15, 2002 in New York City. Operation Gun-Stop will reward $US1,000 to anyone providing information leading to the arrest of anyone possessing an illegal handgun.

In 2006, he also co-founded Mayors Against Illegal Guns, which later became Everytown for Guns Safety.

The environment was another one of his priorities. To protect the city’s drinking water, he had the city buy a large piece of land in the Catskill mountains to ensure development didn’t contaminate water.

Stan Honda / AFP / GettyNew York City mayor Michael Bloomberg holds a low-energy household fluorescent light bulb

His administration also spent billions cleaning waterways and wetlands, creating parks, and planting trees.

His tenure had its negatives. One of the things he’s most often criticised for was defending police commissioner Ray Kelly’s push to get police to “stop and frisk” people.

The policy has been called racist, because the police did stop and frisks primarily in high-crime areas, disproportionately impacting African American and Hispanic people. In 2002, there were about 97,000 stops; by 2011 there were 685,000.

A district court declared the methods unconstitutional in 2013.

His politics weren’t entirely traditional. According to New York Magazine, one “endearing habit” of Bloomberg’s was to explain some “spin” and then a moment later undercut that spin by explaining how it might not be as accurate as it seemed.

Mario Tama/GettyMichael Bloomberg greets workers at the Manhattan Business Centre April 22, 2002 in New York City

Source: New York Magazine

But something was working, because in 2005, Bloomberg beat former Bronx Borough president Fernando Ferrer by nearly 20 percentage points. Bloomberg won in all of the boroughs except the Bronx.

Bryan Smith-Pool/GettyMichael Bloomberg and Fernando Ferrer in 2005.

Sources: The Guardian, Gothamist

In 2005, he also had one of his biggest losses as mayor — the state legislature wouldn’t approve the West Side Stadium, a proposed massive stadium in Manhattan.

Andrew Savulich/NY Daily News Archive / GettyMichael Bloomberg leaves City Hall after meeting with Assembly Speaker Sheldon Silver in continuing talks over a deal to approve the West Side stadium project in 2005.

Source: The New York Times

In 2007, Bloomberg announced he was leaving the Republican Party to become an independent. The move triggered speculation that he would run for president in 2008.

Curtis Means / NBC NewsWire / GettyMayor of New York City Michael R. Bloomberg addresses the press in July 2007.

In a statement released about his change, he said, “Any successful elected executive knows that real results are more important than partisan battles and that good ideas should take precedence over rigid adherence to any particular political ideology.”

Instead, he ran again for mayor. Before Bloomberg, there had been a two-term limit for New York mayors, but he campaigned to change the law, won, and went on to serve a third term.

Jimi Celeste/Patrick McMullan / GettyBill Thompson and Michael Bloomberg in 2007.

The New York Times said he “strong-armed” the city council into letting him have a third term.

And while he was re-elected in 2009, he only beat the city comptroller Bill Thompson narrowly, winning with 50.7% of the vote.

During his tenure as mayor, his wealth played a defining role. It allowed some things to happen that otherwise wouldn’t have been possible.

Brian Ach / WireImage / GettyNYC Police Commissioner Raymond W. Kelly, NYC Mayor Michael Bloomberg

For instance, police commissioner Ray Kelly said after a meeting in Miami, one of Bloomberg’s planes had a problem, so they simply got on his other plane.

Bloomberg also spoke to New York Magazine about readily using his wealth to achieve his end-goals, including to help win elections.

“If you really believe that you’re making a difference and that you can leave a legacy of better schools and jobs and safer streets, why would you not spend the money? The objective is to improve the schools, bring down crime, build affordable housing, clean the streets-not to have a fair fight.”

Another interesting aspect of his wealth was how he allowed it to be scrutinised. Bloomberg let reporters review his annual tax returns and financial disclosures, but not copy them, because he was concerned giving away too much would benefit his competitors.

Pat Carroll / NY Daily News Archive / GettyMike Bloomberg offers his views at a meeting with the Daily News Editorial Board in 2000.

Source: The New York Times

In 2011, he purchased a Hamptons home, called “Ballyshear.” The estate’s 35 acres and 22,000-square-foot house had an asking price of $US22.5 million. He also owns a neighbouring house and another 4.8-acre plot of vacant land.

Douglas EllimanInside Bloomberg’s Hamptons house.

Source: Business Insider

In 2012, Bloomberg tried to combat obesity by banning soda and sugary drinks in cups more than 16 ounces — at least in restaurants, cinemas, and street carts.

Andrew Burton / ReutersDominic Inferrera of New York, protests the proposed ‘soda-ban,’ that New York City Mayor Michael R. Bloomberg has suggested, outside City Hall in New York July 9, 2012.

It would have been the first city in America to enforce such a ban, but it was struck down by the New York Supreme Court, and again on appeal in 2014. The idea was widely derided on late night talk shows.

Though nutrition was one of his signature issues as mayor, he had been chided fornot following his own advice. He loves Cheez-Its, puts salt on everything (even pizza), and drinks three to four cups of coffee a day.

Getty/Mario TamaBloomberg eating a hot dog during the annual hot dog eating contest in Coney Island.

The manager at Viand, a Greek diner near Bloomberg’s Upper East Side townhouse, told The New York Times he liked so much salt on his bagel, “it’s like a pretzel.”

He also made headlines for recommending going to the toilet less to get more done.

In 2013, after the Boston Marathon bombing, Bloomberg called for constitutional privacy protections to be weakened, according to The Atlantic.

Spencer Platt/GettyNew York City Mayor Michael Bloomberg speaks during a news conference at City Hall announcing that the two men accused of carrying out last week’s bombing of the Boston Marathon planned an additional bomb attack on New York’s Times Square on April 25, 2013 in New York City.

“We have to understand that in the world going forward,” he said, “we’re going to have more cameras and that kind of stuff. That’s good in some senses, but it’s different than what we are used to. And the people who are worried about privacy have a legitimate worry, but we live in a complex world where you’re going to have a level of security greater than you did back in the olden days, if you will. And our laws and our interpretation of the Constitution I think have to change.”

That same year, he was succeeded by current mayor Bill de Blasio. The New York Post wrote that his impact would be most-felt through his pro-health policies.

Spencer Platt / GettyNew York Mayor Bill de Blasio (L) appears on stage with Michael Bloomberg in 2013. De Blasio is 6-foot-5; Bloomberg is 5-foot-8.

“In his three terms, Nanny Bloomberg waged war on salt and soda, banned smoking in parks and pushed breast-feeding by having hospitals hide the formula,” the Post wrote.

The New York Times was less critical, and said after Bloomberg left he would “bequeath a litany of record-shattering statistics on crime reduction, footpath safety and skyline-altering construction.”

It also noted that while usually “the city paid its mayor; Mr. Bloomberg paid to be the city’s mayor.” It estimated he had spent $US650 million of his own money on things related to running the city, like campaigning and travel costs.

A portion of that went on keeping fish alive. Bloomberg loves marine life. While he was at City Hall, he had two enormous tanks installed, and spent $US62,400 of his own money a week to maintain them.

Source: The New York Times

In 2014, eight months after stepping down as mayor, he resumed control of Bloomberg LP. With his return, former CEO Daniel Doctoroff stepped down.

Getty Images/ Donald BowersDaniel Doctoroff and Michael Bloomberg.

Doctoroff told The New York Times, “Mike is kind of like God at the company. He created the universe. He issued the Ten Commandments and then he disappeared. And then he came back. You have to understand that when God comes back, things are going to be different. When God reappeared, people defer.”

In 2014, Queen Elizabeth II made Bloomberg an honorary knight for his “prodigious entrepreneurial and philanthropic endeavours.” Since he’s not British he can’t call himself “sir.”

Henry Ray Abrams / AFP / GettyQueen Elizabeth II, left, and Prince Phillip, centre, speak to New York City Mayor Michael Bloomberg during her visit to the British Garden at Hanover Square in New York, Tuesday, July 6, 2010.

Source: The Telegraph

He owns two houses in London — a city he’s referred to as his second home. The first, which Bloomberg has owned for a while, is in the exclusive borough of Knightsbridge. It’s reportedly filled with American art.

Google MapsOne of Bloomberg’s homes in London.

Sources: New York Magazine, New York Daily News

He bought a second London home was for $US25 million in 2015. It sits along the River Thames and was once owned by novelist George Eliot.

Source: The New York Times

Although he was out of public service, Bloomberg continued to donate. Bloomberg Philanthropies says he has donated more than $US6 billion to a variety of charitable causes over the years.


In 2015, he gave $US100 million to Cornell’s technology campus on New York’s Roosevelt Island. The university won a competition put on by the city while Bloomberg was still mayor to build an applied sciences campus on the island. It was named “The Bloomberg Centre,” after his daughters.

He’s an avid skier and owns a top floor unit in the Mountain Haus ski resort in Vail, Colorado. He’s also a member of the exclusive Game Creek Club, a restaurant located midway down a ski slope.

Source: New York Magazine

Another of his international abodes is in Bermuda, where it’s notoriously hard for non-natives to purchase a home. In the comfort of his private jet, he can get to his Bermuda house from New York City in two hours.

Shutterstock.comA view of Bermuda.

Cab drivers in the area often compete to drive him, as he is a very good tipper, according to The New York Times.

Bloomberg has his own private jets — including a trijet Dassault Falcon 900B.

Wikimedia CommonsNot Bloomberg’s plane, but similar.

Source: Wall Street Journal

He’s also passionate about helicopters. He owns a six-seat Agusta SPA A109S — which he is fond of flying — worth $US4.5 million. Bloomberg is said to be an excellent pilot and received his flying licence in 1976.

NJR ZA/Wikimedia CommonsNot Bloomberg’s helicopter, but similar.

Source: The New York Times

His love of aircrafts doesn’t stop there. He’s one of 50 who have “expressed interest” in owning an Agusta Westland AW609 Tilt-rotor, a futuristic plane and helicopter hybrid. The company plans to deliver the first units in 2020.

Agusta WestlandAgusta Westland AW609 Tilt-rotor.

Sources: The New York Times, Airway1

As for suiting, his closet is filled with threads made by legendary Brooklyn tailor Martin Greenfield.

Melia Robinson/Business InsiderMartin Greenfield.

Source: New York Daily News

In 2016, Bloomberg’s political roots re-emerged when he spoke at the Democratic National Convention.

Aaron P. Bernstein / GettyFormer New York City Mayor Michael Bloomberg delivers remarks on the third day of the Democratic National Convention at the Wells Fargo Centre, July 27, 2016 in Philadelphia, Pennsylvania.

Source: Politifact

In 2017, he published “Climate of Hope: How Cities, Businesses, and Citizens Can Save the Planet.” He has donated $US650 million to fund the Sierra Club’s Beyond Coal campaign, and positioned himself as a global leader pushing for climate action.

Kelly Sullivan/Getty Images for Sierra ClubCopies of ‘Climate of Hope’ by Michael Bloomberg and Carl Pope are stacked on a table at Sierra Club’s 125th Anniversary Trail Blazers Ball at Innovation Hangar on May 18, 2017 in San Francisco, California.

Sources: Politifact, InsideClimate News, The New York Times

In 2018, he officially registered as a Democrat. In the elections that year, he was the second-largest donor, contributing about $US95 million, almost entirely to Democrats.

Getty Images / Mike Stobe

Sources: Politifact, OpenSecrets

In November, his adviser Howard Wolfson told The Guardian that Bloomberg thought President Donald Trump was an “unprecedented threat” to America, and the Democrat presidential candidates didn’t have what it took to beat him.

Brendan Smialowski / AFP / GettyPresident Donald Trump speaks to former New York City Mayor Michael Bloomberg during a memorial service at the National 9/11 Memorial September 11, 2016 in New York.

Source: The Guardian

At the end of November, Bloomberg announced he was running for president. It was a late entry — five Democrat debates had already been held.

Drew Angerer/GettyNewly announced Democratic presidential candidate, former New York Mayor Michael Bloomberg speaks during a press conference to discuss his presidential run on November 25, 2019 in Norfolk, Virginia.

“Defeating Donald Trump – and rebuilding America – is the most urgent and important fight of our lives. And I’m going all in,” Bloomberg told The New York Times. “I offer myself as a doer and a problem solver – not a talker. And someone who is ready to take on the tough fights – and win.”

He’s previously contemplated running in 2016 while he was an independent, and earlier in 2019.

Within the first week of entering the race, he spent $US30 million, the most a candidate has ever spent in a week in a primary, and by the end of the first month, he had spent over $US100 million on TV ads alone.

After he entered the race, he apologised for supporting the “stop-and-frisk” policy while he was New York’s mayor.

Yana Paskova / GettyMichael Bloomberg prepares to speak at the Christian Cultural Centre on November 17, 2019 in the Brooklyn borough of New York City.

Source: The Nation

He also advised Bloomberg Media not to investigate any Democrat candidate, including himself. He told CBS News, “They get a paycheck. But with your paycheck comes some restrictions and responsibilities.”

Carlo Allegri/ReutersFormer Mayor of New York Michael Bloomberg speaks at the dedication ceremony of the Memorial Glade at the 9/11 Memorial site in the Manhattan borough of New York, New York, May 30, 2019.

Source: NBC News

In November, Business Insider published a report delving into decades of court records about the culture of Bloomberg LP, which has been described as a sexualized, predatory environment.

Andrew Burton/Getty ImagesMichael Bloomberg.

The reporting showed that Bloomberg permitted his company to become – in the words of one former employee – a “reckless playground” for male senior executives to “target young, female, naive employees” for sex.

Bloomberg’s spokesperson said the comments were unfortunate episodes from decades ago, but the company faces five active discrimination complaints.

Read the full story here »

In December, Bloomberg moved his expanding campaign team, of 300 staffers, to a new space in Times Square. He has 200 more staff members around the country.

Yana Paskova/Getty ImagesMichael Bloomberg speaks at the Christian Cultural Centre on November 17, 2019 in the Brooklyn borough of New York City.

He said when he was president he’d turn the White House’s East Room into an open plan office, where he’d work beside his team, and that he’d never use the Oval Office for tweeting.

The new office also has countdown clocks ticking down to Super Tuesday and the General Election. This is because he’s skipping the first four states in his unusual campaign to be the next president of the United States.

Over the next few months, he had an advertising blitz. By February 18, he spent $US338.7 million, from his $US64 billion fortune. Insider’s Eliza Relman reported that was more than Barack Obama spent for his entire 2012 campaign.

Bill Pugliano/GettySigns are posted on a wall at a rally site where Democratic presidential candidate Mike Bloomberg held a campaign rally on February 4, 2020 in Detroit, Michigan.

Sources: Business Insider, Business Insider

On February 19, he had his first debate alongside his Democrat rivals. Going into the debate, polls had him at third place for the nomination. He instantly came under fire — about his time as mayor, Republican donations, racial profiling, what he’s said about women, and claims of harassment at his company.

Mario Tama/GettyDemocratic presidential candidates Mike Bloomberg, Elizabeth Warren, and Bernie Sanders.

His fiercest critic of the night was Sen. Elizabeth Warren, who said early on, “I want to talk about who we’re running against: a billionaire who calls women fat broads and horse-faced lesbians. And no I’m not talking about Donald Trump – I’m talking about Mayor Bloomberg.”

On Twitter, he wrote afterwards that he had shared a stage with politicians who talked “because that’s what they’re good at.” He continued: “I have built. I have created actual change. I have gotten it done. That’s what I’ll do for America.”

George Frey/GettyDemocratic presidential candidate Mike Bloomberg talks to supporters at a rally on February 20, 2020 in Salt Lake City, Utah.

Source: Twitter

Directly after the debate, the odds of him becoming the next Democratic candidate had fallen to 19%. But he was back on the campaign trail the following day. And at his second debate on February 25, he did better, even if he was far from the strongest presence.

George Frey/GettyDemocratic presidential candidate, former New York City mayor Mike Bloomberg speaks to supporters at a rally on February 20, 2020 in Salt Lake City, Utah.

Sources: The New York Times, Business Insider, Wall Street Journal

Bloomberg was banking on succeeding on March 3, known as Super Tuesday, because it has 14 primaries. Since he skipped the first four primaries, he had to do well to stay in the race. But he only won in America Samoa.

Toni L. Sandys/The Washington Post / GettyPresidential candidate Mike Bloomberg waves to the crowd after speaking at his Super Tuesday rally at the Palm Beach Convention Centre in Palm Beach, Florida on Tuesday, March 3, 2020.

Source: Business Insider

On March 4, he announced he was dropping out of the race and officially endorsed former Vice President Joe Biden, because he said Biden had the best shot at beating Trump.

Paul Hennessy / Echoes Wire/Barcroft Media / GettyFormer New York mayor Mike Bloomberg addresses his supporters at a campaign stop at the Bloomberg campaign field office in Orlando on March 3.

“I’ve known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country – including gun safety, health care, climate change, and good jobs,” Bloomberg said in a statement announcing the end of his campaign.

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