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He made his fortune selling financial-information terminals to Wall Street firms. Bloomberg L.P.[?] also began a radio network (the flagship station is 1130 WBBR-AM in New York City).
In 2001 he spent about $69 million, or $92 a vote, to defeat Mark Green[?] in the mayoral election to replace Rudy Giuliani, who was required to leave office by term limits[?]. A lifelong Democrat, Bloomberg ran on the Republican ticket to avoid the Democratic primaries.
Michael Bloomberg is a member of the Phi Kappa Psi fraternal organization.
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