Bloomberg is one of the most influential financial media companies in the world. Many wonder who owns Bloomberg and how control over this financial powerhouse is structured. This article will cover its history, ownership details, financial strength, and the companies it owns.
Bloomberg Profile
Bloomberg L.P. is a privately held global financial, software, data, and media company. It was founded in 1981 by Michael Bloomberg, along with Thomas Secunda, Duncan MacMillan, and Charles Zegar. The company is headquartered in New York City and has offices in more than 170 locations worldwide.
Bloomberg’s core product is the Bloomberg Terminal—also known as Bloomberg Professional Service. This product revolutionized the financial industry by offering real-time financial data, analytics, news, and trading tools in one platform. It quickly became a staple for traders, analysts, investment managers, and financial institutions.
Major Milestones
- 1981: Bloomberg L.P. was founded with initial funding from Merrill Lynch, which received a 30% stake in exchange for a $10 million investment.
- 1982–1984: The company launched its first product, the Market Master terminal, which later became the Bloomberg Terminal.
- 1990: Bloomberg News was established to provide real-time news integrated into the terminal. This gave users a unique advantage by combining data with journalistic content.
- 1993: Bloomberg Television launched, expanding the brand into broadcast media.
- 2009: Bloomberg acquired Businessweek magazine from McGraw-Hill, renaming it Bloomberg Businessweek, further strengthening its editorial voice.
- 2010: Bloomberg Government was launched, focusing on the intersection of business and U.S. government policy.
- 2011: Bloomberg Law entered the legal information market, directly competing with established legal databases.
- 2020: Michael Bloomberg used significant portions of his wealth from Bloomberg L.P. to fund political campaigns and climate initiatives, raising public interest in the company’s value and ownership structure.
- 2023: Vlad Kliatchko became CEO, focusing on technology innovation and data product expansion.
Company Details
- Founded: 1981
- Founder: Michael Bloomberg
- Headquarters: 731 Lexington Avenue, New York City, USA
- Type: Private company
- Employees: Over 20,000 globally
- Clients: Over 325,000 Bloomberg Terminal subscribers worldwide
- Industry: Financial services, media, software, and technology.
Bloomberg’s business is built around data. More than 80% of its revenue comes from terminal subscriptions. The rest comes from media, enterprise data products, and professional services. Despite being a media giant, Bloomberg prioritizes technology and data innovation at its core.
The company also emphasizes independence. Its editorial division operates separately from its financial products division to avoid conflicts of interest. This structure has helped Bloomberg maintain trust in both its reporting and services.
Today, Bloomberg continues to lead in delivering financial data, business journalism, and market tools to global professionals.
Who Owns Bloomberg: Major Shareholders
Bloomberg L.P. is a privately held financial, software, data, and media company. As of 2025, its ownership is primarily concentrated among its founder and a select group of early partners.
Below is a detailed breakdown of the major shareholders:
| Shareholder | Ownership Percentage | Role/Status | Notes |
|---|---|---|---|
| Michael Bloomberg | 88% | Co-founder, Former CEO, Majority Owner | Controls the company; plans to transfer stake to Bloomberg Philanthropies |
| Thomas Secunda | 4% | Co-founder, Vice Chairman | Holds a minority stake; involved in product development |
| Duncan MacMillan | 1% | Co-founder | Minority shareholder; helped establish core systems |
| Charles Zegar | 1% | Co-founder | Minority shareholder; key software architect in early days |
| Merrill Lynch (Historical) | 30% (original stake) | Former Stakeholder (exited) | Sold its entire stake back to Bloomberg by 2008 |
| Bloomberg Philanthropies | 0% (as of 2025) | Future Stakeholder (planned recipient) | Will inherit Michael Bloomberg’s stake after his passing or earlier |
Michael Bloomberg – Majority Owner (88%)
Michael Bloomberg, the company’s co-founder, holds approximately 88% of Bloomberg L.P. His significant stake grants him substantial control over the company’s strategic direction and operations. Despite stepping down as CEO in 2023, Bloomberg remains actively involved in the company’s affairs. He has also pledged to donate his stake to Bloomberg Philanthropies upon his death or earlier, ensuring the company’s profits support charitable causes.
Thomas Secunda – Co-founder and Vice Chairman (4%)
Thomas Secunda, one of Bloomberg’s co-founders, serves as the company’s vice chairman. While specific details about his ownership percentage are not publicly disclosed, as a co-founder, he holds a minority stake in the company. Secunda has been instrumental in developing Bloomberg’s financial products and services.
Duncan MacMillan and Charles Zegar – Co-founders (2%)
Duncan MacMillan and Charles Zegar, also co-founders of Bloomberg L.P., retain minority ownership stakes. Both have contributed significantly to the company’s growth and development since its inception. Their exact ownership percentages are not publicly available.
Merrill Lynch (Bank of America) – Former Stakeholder
At the company’s founding in 1981, Merrill Lynch acquired a 30% stake in Bloomberg L.P. Over time, Michael Bloomberg repurchased this stake, consolidating his ownership to the current 88%.
Bloomberg Philanthropies – Future Ownership
Michael Bloomberg has announced plans to transfer his ownership stake to Bloomberg Philanthropies, his charitable foundation. This move aims to ensure that the company’s profits support philanthropic initiatives in areas such as public health, education, and the environment.
Who is the CEO of Bloomberg?
In August 2023, Bloomberg L.P. appointed Vlad Kliatchko as its Chief Executive Officer, marking a significant leadership transition for the company. Kliatchko, a seasoned executive with over two decades at Bloomberg, succeeded Michael Bloomberg, who had returned to lead the company in 2014 after his tenure as New York City mayor. Michael Bloomberg remains actively involved in the company but has stepped back from day-to-day executive responsibilities.
Vlad Kliatchko’s Background and Rise
Vlad Kliatchko’s journey at Bloomberg began in 2003 when he joined the Research and Development department, focusing on the company’s communication platforms. Over the years, he held various leadership roles, including Global Head of Engineering and Chief Product Officer. As Chief Product Officer, he was instrumental in integrating Bloomberg’s Product, Data, and Engineering functions, driving innovation and strategic vision.
Kliatchko holds a degree in mathematics and computer science from St. Petersburg State University, one of Russia’s most prestigious institutions.
Leadership Structure and Strategic Direction
Under Kliatchko’s leadership, Bloomberg has emphasized internal mobility and the promotion of talent from within. The company’s leadership structure includes:
- Jean-Paul Zammitt: President, overseeing day-to-day operations.
- Patti Roskill: Chief Financial Officer, responsible for financial planning and strategy.
- Mark Carney: Chairman of the Board, providing oversight and governance.
This leadership team reflects Bloomberg’s commitment to continuity and innovation, ensuring the company remains at the forefront of financial data and media services.
Past CEOs of Bloomberg
Bloomberg L.P. has seen several leadership changes since its founding in 1981:
- Michael Bloomberg: Served as CEO from 1981 to 2001 and again from 2014 to 2023.
- Lex Fenwick: CEO from 2001 to 2008.
- Daniel Doctoroff: CEO from 2008 to 2014.
Each leader has contributed to Bloomberg’s growth and adaptation in the rapidly evolving financial and media landscapes.
Bloomberg Annual Revenue and Net Worth
In 2025, Bloomberg L.P.’s estimated annual revenue stands at approximately $13.3 billion, reflecting consistent growth driven by its flagship product, the Bloomberg Terminal, and diversified media offerings.
The Bloomberg Terminal remains the company’s primary revenue source, accounting for a significant portion of total income. With over 325,000 subscribers globally, each paying upwards of $24,000 annually, the Terminal’s subscription model ensures a steady revenue stream.
Beyond the Terminal, Bloomberg’s revenue is bolstered by its media divisions, including Bloomberg News, Bloomberg Television, and Bloomberg Businessweek, as well as enterprise data products and professional services. These diversified offerings contribute to the company’s financial stability and growth.
Bloomberg L.P. Net Worth (2025)
While Bloomberg L.P. is a privately held company and does not publicly disclose its net worth, estimates place its valuation in the range of $60 to $70 billion as of 2025. This valuation is inferred from the company’s consistent revenue growth, market position, and the valuation of similar firms in the financial data and media industry.
Michael Bloomberg, the company’s co-founder and majority owner, holds an estimated 88% stake in Bloomberg L.P. His personal net worth is reported at $104.7 billion as of March 2025, underscoring the substantial value of his ownership in the company.
Here’s an overview of the annual revenue and net worth of Bloomberg from 2015-25:
| Year | Estimated Revenue (USD) | Estimated Company Valuation (Net Worth) |
|---|---|---|
| 2015 | $9.0 billion | ~$45 billion |
| 2016 | $9.2 billion | ~$47 billion |
| 2017 | $9.6 billion | ~$50 billion |
| 2018 | $10.0 billion | ~$52 billion |
| 2019 | $10.0 billion | ~$55 billion |
| 2020 | $10.0 billion | ~$55 billion |
| 2021 | $10.0 billion | ~$57 billion |
| 2022 | $12.2 billion | ~$60 billion |
| 2023 | $12.5 billion | ~$62 billion |
| 2024 | $13.0 billion | ~$65 billion |
| 2025 | $13.3 billion | ~$67 billion |
Companies Owned by Bloomberg
Bloomberg L.P. has strategically expanded its portfolio over the years, encompassing a diverse range of subsidiaries, brands, acquisitions, and platforms. These entities collectively enhance Bloomberg’s offerings in financial data, media, legal research, government affairs, and technology solutions.
Below is a detailed overview of the major companies owned by Bloomberg:
| Name | Type | Year Founded / Acquired | Description |
|---|---|---|---|
| Bloomberg Terminal | Core Product | 1982 | Flagship financial data and analytics platform with over 325,000 global users. |
| Bloomberg News | Media | 1990 | Global news organization with 2,700+ journalists in 120+ countries. |
| Bloomberg Television | Media | Early 1990s | 24/7 global business and financial news network. |
| Bloomberg Radio | Media | 1992 | Live radio broadcasts on markets and business news. |
| Bloomberg Businessweek | Media (Acquired Brand) | Acquired in 2009 | Weekly magazine offering business and economic analysis. |
| Bloomberg Markets | Media | Ongoing | Monthly magazine focused on finance professionals. |
| Bloomberg Pursuits | Lifestyle Media | Digital only (from 2016) | Covers luxury, travel, tech, and culture. |
| Bloomberg Law | Legal Research Platform | Launched in 2009 | Legal content and analytics for attorneys and firms. |
| Bloomberg Government | Policy/Analytics Tool | Launched in 2011 | Insights on U.S. government policy and regulation. |
| Bloomberg Tax | Tax Research Platform | Ongoing | Tax law and compliance platform for professionals. |
| Bloomberg New Energy Finance (BNEF) | Clean Energy Research | Acquired in 2009 | Provides data and insight on clean energy and sustainable markets. |
| Bloomberg Industry Group | B2B Information Services | Acquired BNA in 2011 | Offers niche legal, tax, and regulatory news and publications. |
| Bloomberg Index Services | Financial Indices | Acquired in 2015 | Offers bond and market indices (former Barclays indices). |
| Bloomberg PolarLake | Data Management | Acquired in 2012 | Enterprise data management and distribution solutions. |
| Bloomberg Tradebook | Trading Platform | Launched in 1996 | Agency brokerage for equities, options, FX, and futures. |
| Bloomberg Beta | Venture Capital Arm | Launched in 2013 | VC fund focusing on future of work, data-driven tech startups. |
| Bloomberg Quicktake | Digital Media | Launched in 2017 (as TicToc) | Short-form video news network for social platforms. |
| CityLab | Urban Affairs Media | Acquired in 2019 | Covers city planning, urban design, and innovation. |
| Broadway Technology | Fintech Platform | Acquired in 2023 | Offers high-performance trading systems for institutional clients. |
| RegTek.Solutions | Regulatory Software | Acquired in 2019 | Compliance and reporting software for financial institutions. |
Bloomberg Terminal (Bloomberg Professional Service)
The Bloomberg Terminal is the cornerstone of Bloomberg L.P.’s services, providing real-time financial data, analytics, and trading tools to over 325,000 subscribers worldwide. Introduced in 1982, it remains the primary revenue generator for the company.
Bloomberg News
Established in 1990, Bloomberg News delivers comprehensive financial and business news globally. With a network of over 2,700 journalists and analysts in more than 120 countries, it serves as a vital source of information for professionals and the public alike.
Bloomberg Television
Bloomberg Television is a 24-hour global business and financial news network. It offers live market coverage, interviews with industry leaders, and in-depth analysis, catering to a worldwide audience.
Bloomberg Radio
Acquired in 1992, Bloomberg Radio provides continuous business news coverage. Broadcasting through various stations and digital platforms, it reaches listeners across major markets.
Bloomberg Businessweek
In 2009, Bloomberg L.P. acquired BusinessWeek magazine from McGraw-Hill, rebranding it as Bloomberg Businessweek. The publication offers insights into global business trends, economic developments, and industry analyses.
Bloomberg Markets
Bloomberg Markets is a monthly magazine targeting financial professionals. It features articles on investment strategies, market trends, and profiles of influential figures in finance.
Bloomberg Pursuits
Bloomberg Pursuits is a lifestyle brand focusing on luxury, travel, and culture. While its print edition ceased in 2016, it continues to offer digital content and programming on Bloomberg Television.
Bloomberg Law
Launched in 2009, Bloomberg Law is a subscription-based legal research platform. It integrates legal content, company information, and news, serving attorneys, law students, and legal professionals.
Bloomberg Government
Introduced in 2011, Bloomberg Government provides data-driven tools and news for professionals engaged in government affairs and policy-making. It offers insights into legislative and regulatory developments.
Bloomberg Tax
Bloomberg Tax delivers comprehensive tax research and analysis. It assists tax professionals in navigating complex tax laws and regulations, offering tools for compliance and planning.
Bloomberg New Energy Finance (BloombergNEF)
Acquired in 2009, BloombergNEF specializes in research on clean energy, advanced transport, and innovative materials. It provides data and analysis to support low-carbon energy development and sustainability initiatives.
Bloomberg Industry Group
Formed after the acquisition of the Bureau of National Affairs in 2011, Bloomberg Industry Group offers specialized news and information for professionals in law, tax, government, and business. It publishes over 350 news publications covering various sectors.
Bloomberg Index Services Limited
In 2015, Bloomberg acquired Barclays Risk Analytics and Index Solutions Ltd, renaming it Bloomberg Index Services Limited. This entity provides benchmark indices and analytics for financial markets.
Bloomberg PolarLake
Acquired in 2012, Bloomberg PolarLake offers enterprise data management solutions. It helps organizations manage and distribute data efficiently across their operations.
Bloomberg Tradebook
Established in 1996, Bloomberg Tradebook is an electronic agency brokerage. It provides trading solutions for equities, futures, options, and foreign exchange, catering to both buy-side and sell-side clients.
Bloomberg Beta
Launched in 2013, Bloomberg Beta is a venture capital firm funded by Bloomberg L.P. It focuses on early-stage investments in technology companies, particularly those related to the future of work and data-driven businesses.
Bloomberg Quicktake
Originally launched as TicToc in 2017, Bloomberg Quicktake is a digital video news network. It offers global news coverage through social media platforms, targeting a younger, mobile-first audience.
CityLab
Acquired in 2019, CityLab is a digital publication focusing on urban planning, transportation, and sustainability. It explores innovative ideas shaping cities and communities worldwide.
Broadway Technology
In 2023, Bloomberg L.P. acquired Broadway Technology, a provider of high-performance trading systems. This acquisition enhances Bloomberg’s capabilities in fixed income and foreign exchange trading solutions.
RegTek.Solutions
Acquired in 2019, RegTek.Solutions specializes in regulatory reporting and compliance software. Its integration strengthens Bloomberg’s suite of regulatory and data management services.
Final Thoughts
Bloomberg is a private financial and media empire controlled by its founder, Michael Bloomberg. Its impact on finance and business news is unmatched. With a powerful terminal business and a growing media footprint, Bloomberg L.P. continues to influence global markets.
The company’s private status allows it to operate differently from public corporations. It focuses on long-term goals and innovation, guided largely by its founder’s vision. Bloomberg remains a symbol of data-driven success in both finance and journalism.
FAQs
Who owns the Bloomberg network?
The Bloomberg network, which includes Bloomberg Television and Bloomberg Radio, is owned by Bloomberg L.P.. The company is privately held and majority-owned by its co-founder Michael Bloomberg, who owns approximately 88% of the business.
Who are Bloomberg’s biggest clients?
Bloomberg’s biggest clients are financial institutions, including investment banks, hedge funds, central banks, asset managers, government agencies, and large multinational corporations. Major clients include JPMorgan Chase, Goldman Sachs, Citigroup, BlackRock, and various global treasury departments that rely on the Bloomberg Terminal for real-time data and analytics.
Which country owns Bloomberg?
Bloomberg L.P. is a privately held American company. It is not owned by any country. It was founded and is headquartered in New York City, United States, and remains a U.S.-based private corporation.
How does Bloomberg make money?
Bloomberg makes the majority of its revenue from subscriptions to the Bloomberg Terminal, which costs upwards of $24,000 per user per year. Additional revenue comes from media operations (advertising, Bloomberg News, Businessweek), data analytics, Bloomberg Law, Bloomberg Government, and enterprise software services. As of 2025, over 85% of its income is generated through Terminal subscriptions.
Who owns BNN Bloomberg?
BNN Bloomberg is not owned by Bloomberg L.P. It is a Canadian business news network owned by Bell Media, a division of BCE Inc. BNN Bloomberg operates in partnership with Bloomberg L.P., using Bloomberg content under a licensing and branding agreement.
Who invented Bloomberg?
Michael Bloomberg is the inventor and co-founder of Bloomberg L.P. He launched the company in 1981 after developing the MarketMaster terminal, the precursor to the Bloomberg Terminal, which revolutionized financial data access.
Who is Bloomberg owned by?
Bloomberg L.P. is majority-owned by Michael Bloomberg, who holds about 88% of the company’s shares. The remaining shares are held by a small group of company executives and limited partners. The company is not publicly traded.
Who are Bloomberg L.P. founders?
Bloomberg L.P. was founded in 1981 by Michael Bloomberg, Thomas Secunda, Duncan MacMillan, and Charles Zegar. The founding team created a system to provide real-time financial data to Wall Street and financial firms.
Who owns Bloomberg News?
Bloomberg News is a division of Bloomberg L.P. It is indirectly owned and controlled by Michael Bloomberg, through his ownership stake in the parent company. The newsroom operates under editorial guidelines intended to preserve journalistic integrity, although ownership remains private.
Who is the majority owner of Bloomberg?
Michael Bloomberg is the majority owner, holding about 88% of the company.
Is Bloomberg a publicly traded company?
No, Bloomberg L.P. is privately owned and not listed on any stock exchange.
What is the main source of revenue for Bloomberg?
The Bloomberg Terminal is the primary source of revenue, generating billions annually.
Does Bloomberg own any media outlets?
Yes, it owns Bloomberg News, Bloomberg Television, Bloomberg Businessweek, and more.