Bloomberg attained his wealth as the founder of financial news and data company Bloomberg L.P. Although a lifelong Democrat, he ran on the Republican ballot and was elected New York City Mayor in 2001, and was reelected to a second term in 2005. As Mayor of New York, Bloomberg declines to receive a city salary, accepting remuneration of $1.00 annually for his services. In addition, he does not reside in Gracie Mansion, the official mayor's mansion. Bloomberg's personal net worth, in addition to aiding his political career, has allowed him to engage in substantial philanthropic endeavors, including the donation of over $300 million to Johns Hopkins University. Bloomberg's political positions are generally centrist, drawing from both Democratic Party and Republican Party positions. Michael Bloomberg - Billionaire Mayor is highly recommended for those interested in reading more about this dynamic and popular Mayor and business leader.

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