All articles tagged with #michael bloomberg
Michael Bloomberg criticizes RFK Jr for spreading vaccine misinformation and urges Senate Republicans to remove him as Trump's health secretary, citing his role in undermining vaccine policies amid a severe measles outbreak in the US.
Billionaire Michael Bloomberg has donated $5 million to a super PAC supporting Andrew Cuomo's bid for New York City mayor, marking a significant financial boost and a shift in his stance from previous rivalries, as Cuomo faces a competitive primary against Zohran Mamdani.
Former NYC Mayor Michael Bloomberg endorsed ex-Governor Andrew Cuomo for mayor, citing Cuomo's management skills and experience, amidst a competitive Democratic primary race. Bloomberg's backing is seen as influential, especially among moderate voters, and may include further campaign support. The race is tightening with Cuomo leading in polls, facing a challenge from Zohran Mamdani.
Michael Bloomberg has contributed nearly $20 million to support President Biden's 2024 re-election campaign, including a $19 million donation to the Future Forward PAC and the maximum $929,600 to the Biden Victory Fund. This comes as conservative billionaire Timothy Mellon donated $50 million to a super PAC supporting Donald Trump's campaign. Despite significant fundraising efforts, Biden's campaign and the DNC raised $85 million in May, falling short of the $141 million raised by Trump's campaign and the RNC.
Michael R. Bloomberg, former New York City mayor and Democratic megadonor, has donated nearly $20 million to support President Biden's re-election campaign. Bloomberg contributed $19 million to the super PAC Future Forward and $929,600 to the Biden Victory Fund. Bloomberg, who spent $1 billion on his own failed 2020 presidential bid, was a significant financial supporter of Biden in the 2020 election and continues to back him in 2024.
Former NYC Mayor Michael Bloomberg has joined Marc Lore and Alex Rodriguez's group to help finalize the purchase of the Minnesota Timberwolves from Glen Taylor. The group is in a legal dispute with Taylor, who is trying to back out of the $1.5 billion sale agreement. Bloomberg's investment aims to secure the remaining 20% of the franchise, giving the group full ownership.
Alex Rodriguez and Marc Lore have added Michael Bloomberg to their group to help finalize the purchase of the Minnesota Timberwolves from Glen Taylor. Despite a missed payment deadline and ongoing arbitration, Rodriguez and Lore assert they will become the team's owners. Bloomberg's involvement could resolve financial issues, while fans await the outcome and potential new stadium plans.
Michael Bloomberg has agreed to join Marc Lore and Alex Rodriguez's ownership group for the Minnesota Timberwolves, bringing significant financial backing to their bid for majority control. The group, which currently owns nearly 40% of the Timberwolves and WNBA's Lynx, is in arbitration with current owner Glen Taylor over a disputed $600 million transaction. Bloomberg's involvement could expedite their acquisition process, pending NBA approval.
Michael Bloomberg, co-founder of Bloomberg LP, tops the Forbes 400 list as the wealthiest person in New York with an estimated net worth of $96.3 billion. Elon Musk takes the overall top spot with a net worth of $251 billion, thanks to his companies Tesla, SpaceX, and X. The list includes notable firsts, such as Michael Jordan becoming the first professional athlete on the Forbes 400. Texas' Alice Walton is the wealthiest woman on the list with a net worth of $66.5 billion.
Former New York City mayor Michael Bloomberg, at the Climate Summit, revealed his succession plan for Bloomberg L.P., stating that his Bloomberg Philanthropies foundation would inherit the company and eventually sell it. Bloomberg, who holds an 88% stake in the company, intends to keep working for at least three to five more years. He also discussed his campaign to block the construction of petrochemical plants, emphasizing the need for practicality in addressing climate change and targeting specific sectors like petrochemicals to limit harm to communities.
Former New York City mayor and billionaire Michael Bloomberg is using his wealth to fund a campaign against the construction of petrochemical plants, aiming to shut down coal and gas power plants and now targeting the petrochemical industry. While his efforts against coal were largely successful, the petrochemical industry presents a tougher challenge as it is booming and highly profitable. Bloomberg's campaign, called Beyond Petrochemicals, has achieved some wins, but the industry is fighting back with its own counter-effort. Supporters argue that petrochemicals are essential for modern life, but opponents highlight their contribution to greenhouse gas emissions and the negative impact on local communities.
Former New York City mayor Michael Bloomberg sparked controversy by claiming that remote workers are essentially on vacation and spending their time playing golf. While it may be a stretch to suggest that all remote workers are hitting the golf course, data does show a golfing boom during weekday mid-afternoons. However, this increase in golfing hasn't directly led to a drop in productivity, as long as employees make up their time later in the day. Bloomberg, along with other CEOs, remains a staunch critic of remote work, arguing that in-person work is critical for mentoring, upskilling, and fostering personal interactions among colleagues. The debate over remote work continues as some bosses advocate for a return to the office while others acknowledge the benefits of flexibility and autonomy gained from working remotely.
Bloomberg LP has announced a major overhaul of its executive ranks, appointing a new CEO, president, and CFO, and forming a new board of directors chaired by former Bank of England governor Mark Carney. The changes come as part of the company's efforts to strengthen its leadership and strategic direction.
Former New York City Mayor Michael Bloomberg has given $130 million to the Perelman Performing Arts Center at the World Trade Center site, more than the $75 million donated by Ronald O. Perelman. Bloomberg has also served as chairman of the board since 2020 and helped raise funds for the center. The center, which will cost $500 million, is set to open in September and will showcase theater, dance, music, chamber opera, and film. The building is a 138-foot-tall cube sheathed in marble and has a flexible interior with three theater spaces that can be combined to provide multiple configurations.
Petrochemical companies and economic development interests in Louisiana have created the Louisiana Industry Sustainability Council to counter grassroots activists who have successfully fought construction of two multibillion-dollar plastics facilities and the nation's largest methanol plant. The activists have received millions of dollars from Michael Bloomberg's Beyond Petrochemicals campaign, which targets 120 new proposed petrochemical facilities. The council, consisting of about 60 representatives, including from Chevron, Dow, Entergy, BASF, and ExxonMobil, aims to "protect and grow safe and responsible community jobs and prosperity in Louisiana."