Michael Rubens Bloomberg (born February 14, 1942) is an American businessman, politician, philanthropist, and author. He is the majority owner and co...
Michael Rubens Bloomberg (born February 14, 1942) is an American businessman, politician, philanthropist, and author. He is the majority owner and co-founder of Bloomberg L.P. He was the mayor of New York City from 2002 to 2013, and was a candidate for the 2020 Democratic nomination for president of the United States.
Bloomberg grew up in Medford, Massachusetts, and graduated from Johns Hopkins University and Harvard Business School. He began his career at the securities brokerage Salomon Brothers before forming his own company in 1981. That company, Bloomberg L.P., is a financial information, software and media firm that is known for its Bloomberg Terminal. Bloomberg spent the next twenty years as its chairman and CEO. In 2020, Forbes ranked him as the sixteenth-richest person in the world, with an estimated net worth of $48 billion as of April 7, 2020 and as of July 21, 2020, Bloomberg ranked 8th in Forbes 400 with net worth $60.1 billion. Since signing The Giving Pledge, Bloomberg has given away $8.2 billion.
Bloomberg was elected the 108th mayor of New York City. First elected in 2001, he held office for three consecutive terms, winning re-election in 2005 and in 2009. Pursuing socially liberal and fiscally moderate policies, Bloomberg developed a technocratic managerial style. After a brief stint as a full-time philanthropist, he re-assumed the position of CEO at Bloomberg L.P. by the end of 2014.
As mayor of New York, Bloomberg established public charter schools, rebuilt urban infrastructure, and supported gun control, public health initiatives, and environmental protections. He also led a rezoning of large areas of the city, which facilitated massive and widespread new commercial and residential construction after the September 11 attacks. Bloomberg is considered to have had far-reaching influence on the politics, business sector, and culture of New York City during his three terms as mayor. He has also faced significant criticism for his expansion of the city's stop and frisk program, support for which he reversed with an apology before his 2020 presidential run.In November 2019, Bloomberg officially launched his campaign for the Democratic nomination for president of the United States in the 2020 election. He ended his campaign in March 2020, after having won only 61 delegates. Bloomberg self-funded $935 million for his candidacy, which set the record for the most expensive U.S. presidential primary campaign.
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Herman Cain
Herman Cain (December 13, 1945 – July 30, 2020) was an American businessman and activist for the Tea Party movement within the Republican Party. Born...
Herman Cain (December 13, 1945 – July 30, 2020) was an American businessman and activist for the Tea Party movement within the Republican Party. Born in Memphis, Tennessee, Cain grew up in Georgia and graduated from Morehouse College with a bachelor's degree in mathematics. He then earned a master's degree in computer science at Purdue University while also working full-time for the U.S. Department of the Navy. In 1977, he joined the Pillsbury Company where he later became vice president. During the 1980s, Cain's success as a business executive at Burger King prompted Pillsbury to appoint him as chairman and CEO of Godfather's Pizza, in which capacity he served from 1986 to 1996.
Cain was chairman of the Federal Reserve Bank of Kansas City Omaha Branch from 1989 to 1991. He was deputy chairman, from 1992 to 1994, and then chairman until 1996, of the Federal Reserve Bank of Kansas City. In 1995, he was appointed to the Kemp Commission and, in 1996, he served as a senior economic adviser to Bob Dole's presidential campaign. From 1996 to 1999, Cain served as president and CEO of the National Restaurant Association.
In May 2011, Cain announced his 2012 presidential candidacy. By the fall, his proposed 9–9–9 tax plan and debating performances had made him a serious contender for the Republican nomination. In November, however, his campaign faced allegations of sexual misconduct, which he denied. He announced the suspension of his campaign on December 3, but remained involved in politics. In the 2020 election cycle, Cain was a co-chairman of Black Voices for Trump.
Cain died from COVID-19 on July 30, 2020, at the age of 74.
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