Who owns Bloomberg?

Question

Who owns Bloomberg?

Zippia Team · Accepted Answer

Michael Bloomberg owns Bloomberg with an 88% stake in the company. Bank of America and Merrill Lynch own a combined stake of 12%. Bloomberg Inc. is Bloomberg's parent organization.

The initial founding of Bloomberg was in 1981 when Michael Bloomberg created Innovative Market Systems (IMS). Michael Bloomberg created and built his own computerized system to exhibit real-time market data, financial calculations, and other financial analytics to firms on Wall Street.

In 1986, the IMS renamed itself the Bloomberg L.P. (limited partnership) and launched Bloomberg Business News, which later became Bloomberg News. The companies of Bloomberg remain privately held and the majority of which are primarily owned by Michael Bloomberg.

In 2019, the company had an annual revenue of $10 billion and employed 20,000 workers.