“THE COLD HARSH REALITY IS THAT WE HAVE TO BALANCE THE BUDGET ”
MICHAEL BLOOMBERG
Charity work Bloomberg is generous with his good fortune and has reportedly donated more than $ 8.2bn to charitable causes via The Giving Pledge initiative .
He is still the majority owner and co-founder of Bloomberg L . P . and despite his high ranking position , has kept a low profile in terms of his personal life .
Bloomberg married his now ex-wife , Susan Brown , in 1975 . The couple had two daughters - but divorced in 1993 .
Bloomberg now lives with senior banking executive and former New York Superintendent of Banks , Diane Taylor .