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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Rahm Emanuel
Rahm Israel Emanuel (; born November 29, 1959) is an American politician who served as the 55th mayor of Chicago from 2011 to 2019. A member of the De...
Rahm Israel Emanuel (; born November 29, 1959) is an American politician who served as the 55th mayor of Chicago from 2011 to 2019. A member of the Democratic Party, he previously served as the 23rd White House Chief of Staff from 2009 to 2010, and as a member of the United States House of Representatives from Chicago between 2003 and 2009.
Born in Chicago, Emanuel is a graduate of Sarah Lawrence College and Northwestern University. Working early in his career in Democratic politics, Emanuel was appointed as director of the finance committee for Bill Clinton's 1992 presidential campaign. In 1993, he joined the Clinton administration, where he served as the assistant to the president for political affairs and as the Senior Advisor to the President for policy and strategy. Beginning a career in finance, Emanuel worked at the investment bank Wasserstein Perella & Co. from 1998 for 2½ years, and served on the board of directors of Freddie Mac. In 2002, Emanuel ran for the seat in the U.S. House of Representatives vacated by Rod Blagojevich, who resigned to become governor of Illinois. Emanuel won the first of three terms representing Illinois's 5th congressional district, a seat he held from 2003 to 2009. As the chair of the Democratic Congressional Campaign Committee, he oversaw Democratic wins in the 2006 United States House of Representatives elections, allowing the party to gain control of the chamber for the first time since 1994. After the 2008 presidential election, President Barack Obama appointed Emanuel to serve as White House chief of staff.
In October 2010, Emanuel resigned as chief of staff to run as a candidate in Chicago's 2011 mayoral election. Emanuel won with 55% of the vote over five other candidates in the non-partisan mayoral election, succeeding 22-year incumbent Richard M. Daley. At his reelection, although Emanuel failed to obtain an absolute majority in the February 2015 mayoral election, he defeated Cook County board commissioner (and later U.S. Representative) Jesús "Chuy" García in the subsequent run-off election in April. In late 2015, Emanuel's approval rating plunged to "the low 20s" in response to a series of scandals. These followed and were attributed to the police shooting of 17-year-old Laquan McDonald, the city's subsequent attempts to withhold a video of the shooting, and the lack of an investigation into the matter.
Emanuel initially announced in October 2017 he planned to run for a third term, but on September 4, 2018, he reversed his decision and announced that he would not seek a third term due to personal obligations. The Chicago Tribune assessed Emanuel's performance as mayor as "mixed." At one point, half of Chicagoans favored Emanuel's resignation. He later made steady progress in recovering his political support. He left office in May 2019 and was succeeded by Lori Lightfoot.
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