Billionaire & Founder of Bloomberg Michael Bloomberg (Age 83) with $105 Billion Fortune Donates $25 Million (£20 Million) & 14,000 Roman Artefacts to London Museum via Bloomberg Philanthropies, 14,000 Roman Artefacts Discovered During Construction of Bloomberg Europe Headquarters in London from 2012 to 2014, New London Museum (Previously Museum of London) Will Open in 2026 at Smithfield Market
20th March 2025 | Hong Kong
Billionaire & founder of Bloomberg (financial information technology company) Michael Bloomberg (Age 83) with $105 billion fortune has donated $25 million (£20 million) & 14,000 Roman artefacts to the London Museum via Bloomberg Philanthropies. The 14,000 Roman artefacts were discovered during the construction of Bloomberg Europe headquarters in London from 2012 to 2014. The new London Museum (Previously Museum of London) will open in 2026 at the Smithfield Market (London, UK). London Museum (18/3/25): “London Museum today announced a gift of the single largest archive of archaeological material ever received by the museum, a world-renowned collection of Roman artefacts uncovered on the site of Bloomberg’s European headquarters in the City of London. The museum also announced £20 million of funding from Bloomberg Philanthropies that will help transform two of the historic Smithfield market buildings into a dynamic new home for London’s stories, expand access to its collection through digital innovation and make new archaeological discoveries available for research and public display for the first time. The support from Bloomberg Philanthropies is the museum’s largest private donation to date. Set to open in 2026, London Museum is one of the largest cultural infrastructure projects in Europe and will be a new landmark cultural destination for the capital. The Bloomberg Collection includes more than 14,000 Roman artefacts uncovered by Museum of London Archaeology (MOLA) archaeologists during the construction of Bloomberg’s European headquarters in the City of London between 2012 and 2014. The extensive archaeological project, funded by Bloomberg, was one of the most significant excavations in London’s history. Known internationally as home to a 3rd century AD temple to the Roman god Mithras, discoveries on the Bloomberg site include Britain’s largest, earliest and most significant collection of Roman writing tablets, which reveal the earliest surviving voices of Roman Londoners, including the first written reference to London. The temple and around 600 of the artefacts have been on permanent, free public display at the award-winning London Mithraeum Bloomberg SPACE since its opening on the Bloomberg site in 2017 – and will remain there – but many stories remain untold. The Bloomberg Collection will now join one of the world’s largest archaeological archives at London Museum, enhancing public accessibility, preserving it for future generations and offering unparalleled research opportunities into early Roman London. Much of the collection has never been seen before and the museum plans to make new objects from the collection available to the public for the first time when it opens in 2026. Based in its evocative subterranean galleries, situated at Roman street level, they will be a key addition to the museum’s new home … … One of the most ambitious cultural redevelopments of the coming decade, London Museum will become one of the city’s top visitor attractions and play a key role in the transformation of Smithfield, creating a new cultural quarter for London. Housed within historic Smithfield market buildings, the museum will welcome over 2 million people each year, of which half will be tourists. It will support economic growth, local businesses, and employment, contributing an estimated £565m in GVA (Gross Value Added) within 10 years of opening. Through its learning centre, it will seek to engage every London schoolchild. Increased gallery space will enable visitors to enjoy more of London Museum’s 7 million strong collection than ever before. Today’s announcement builds on a broader, long-term collaboration between Bloomberg Philanthropies and London Museum. In 2023, the museum announced support from Bloomberg Philanthropies’ Digital Accelerator Programme for Arts and Culture to support the transformation of its digital infrastructure and improve access to its collection online. Through bold approaches and innovative partnerships, the Bloomberg Philanthropies Arts program supports increased access to culture through new technologies and empowers artists and cultural organisations all over the world. Now partnering with more than 700 cultural organisations globally, Bloomberg Philanthropies has been investing in the UK’s most dynamic, vibrant, and exciting cultural voices at every level of the sector for more than 25 years. This includes hosting digital guides from 200 UK cultural organisations on the free Bloomberg Connects app, including London Museum Docklands.” In 2025 January, Michael Bloomberg (Age 82) with $105 billion fortune will provide $15 million funding to the global climate agreement Paris Accord via Bloomberg Philanthropies & other climate funders after United States President Donald Trump announced withdrawal from the Paris Accord. In 2024 November, Michael Bloomberg has been reported to have donated $50 million to a non-profit group (Future Forward USA Action) supporting United States Democratic Party Presidential Nominee Kamala Harris. In 2024 August, Michael Bloomberg announced a donation of $600 million to 4 medical schools that have more black (African-Americans) students, with the donation made by Bloomberg Philanthropies. $600 million donation – 3 universities will receive $175 million each (Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine), and 1 university will receive $75 million (Charles Drew University of Medicine & Science). Separately, Xavier University of Louisiana (opening new medical school) will receive a $5 million grant. In 2023, Michael Bloomberg had planned to transfer Bloomberg into a trust managed by his friends & family to finance Bloomberg Philanthropies, which gives to Arts, Education, the Environment, Public Health and Government Innovation. Michael Bloomberg is also signer of The Giving Pledge, a pledge for billionaires to give more than half their wealth to charitable causes.
“ Billionaire & Founder of Bloomberg Michael Bloomberg (Age 83) with $105 Billion Fortune Donates $25 Million (£20 Million) & 14,000 Roman Artefacts to London Museum via Bloomberg Philanthropies, 14,000 Roman Artefacts Discovered During Construction of Bloomberg Europe Headquarters in London from 2012 to 2014, New London Museum (Previously Museum of London) Will Open in 2026 at Smithfield Market “
Sharon Ament, Director, London Museum: “The collection together with this generous donation represents a momentous gift that ties the past to the future and which will be a lasting legacy for London. Working together with organisations like Bloomberg, we have the power to make a big difference: not just in preserving the city’s heritage but in creating amazing spaces and new opportunities for the Londoners of today. We are hugely ambitious for this project – from setting high standards in sustainability, to creating new apprenticeships for young people; moving the dial on digital opportunities to involving a record number of Londoners in the making of the museum. This will be a place truly of and for the city that we hope Londoners will be proud of. We want to thank Mike Bloomberg and Bloomberg Philanthropies for supporting our vision and for being generous champions of London’s culture.”
Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies: “London has an extraordinary history with so much to teach and discover. These remarkable artefacts offer a unique window into the past, connecting us directly to the voices of its ancient inhabitants. As someone who considers London my second home, I’m honored that our company will be able to help bring these stories to life while strengthening the City’s future. Investments in arts and culture bring important benefits, from driving economic growth and job creation, to sparking creativity and innovation, to fostering tolerance and civic pride. The new London Museum represents one of the most ambitious cultural projects globally and it will create a dynamic new home where London’s rich history of stories will inspire future generations.”
The Mayor of London, Sadiq Khan: “The generous donation of these wonderful Roman artefacts will be a great addition to the London Museum’s collections and the investment provides a major boost to what is one of the biggest cultural projects in Europe. Bloomberg has been a huge cultural champion for London, and this is a great example of public and private sectors working together to help realise bold plans for our capital’s future. I want to thank Mike for his continued commitment to London. The London Museum will be a significant addition to our capital, transforming the Smithfield area and using the power of culture to drive economic improvement, as we build a better London for everyone.”
Chris Hayward, Chairman of the City of London Corporation’s Policy and Resources Committee: “This generous donation is a significant investment in both preserving the rich history of the City of London and ensuring the swift transformation of the new London Museum. It will also add to the range of first class exhibits the new London Museum will offer visitors, cementing it as a cultural and economic cornerstone of Destination City.”
London Museum – London Museum tells the ever-changing story of this great world city and its people, from 450,000 BC to the present day. Our galleries, exhibitions, displays and activities seek to inspire a passion for London and provide a sense of the vibrancy that makes the city such a unique place. A fixture on London’s cultural scene since first opening in 1976, London Museum is moving house. It has now closed doors at its London Wall site in preparation for its relocation to a new home at Smithfield, where it will occupy historic market buildings and open up to millions more visitors from 2026. London Museum Docklands remains open Monday – Sunday 10am – 5pm and is FREE to all. You can explore London Museum with collections online – home to 138,000 objects with more being added regularly.
Bloomberg Philanthropies – Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2024, Bloomberg Philanthropies distributed $3.7 billion
Bloomberg in the UK – Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. For almost forty years, Bloomberg has been a proud part of the UK’s economic and cultural fabric. Located in the heart of the City of London, Bloomberg’s award-winning European headquarters houses more than 5,000 employees, and is situated on one of London’s most significant archaeological sites, home to the ancient Temple of Mithras. Across arts and culture, education, and the environment, Bloomberg partners with hundreds of UK organizations to deliver on its belief in the remarkable power of philanthropy to bring communities together, inspire creativity and spur economic growth.
Michael R. Bloomberg, Founder of Bloomberg L.P. & Bloomberg Philanthropies – Mike Bloomberg is an entrepreneur and three-term mayor of New York City. He was elected mayor just weeks after the attacks of September 11, 2001, and led the city’s resurgence. After leaving city hall, he resumed leadership of Bloomberg L.P. and expanded his global philanthropic work. He has given away $21.1 billion through Bloomberg Philanthropies, which works to save and improve lives through its core focus areas. Bloomberg also serves as the UN Secretary-General’s Special Envoy on Climate Ambition and Solutions, and as World Health Organization Ambassador for Noncommunicable Diseases and Injuries. Bloomberg made London the European headquarters of his company in 1987, creating thousands of jobs in the UK, and he serves as Chair of Serpentine Galleries in London. In 2014 he was recognized as an Honorary Knight Commander of the Most Excellent Order of the British Empire (KBE) for his entrepreneurship and wide-ranging philanthropic support of the arts and education in the UK. Bloomberg graduated from Johns Hopkins University and Harvard Business School.
Billionaire & Founder of Bloomberg Michael Bloomberg Age 82 with $105 Billion Fortune to Provide $15 Million Funding to Global Climate Agreement Paris Accord via Bloomberg Philanthropies & Other Climate Funders after United States President Donald Trump Announced Withdrawal
30th January 2025 – Billionaire & founder of Bloomberg (financial information technology company) Michael Bloomberg (Age 82) with $105 billion fortune will provide $15 million funding to the global climate agreement Paris Accord via Bloomberg Philanthropies & other climate funders after United States President Donald Trump announced withdrawal from the Paris Accord. Bloomberg Philanthropies (23/1/25): “Today, Michael R. Bloomberg, the United Nations Secretary-General’s Special Envoy on Climate Ambition and Solutions, announced that Bloomberg Philanthropies and other U.S. climate funders will ensure the United States meets its global climate obligations following the federal government’s intent to withdraw from the Paris Agreement for the second time. This includes covering the funding gap left by the United States to UN Climate Change (UNFCCC) and upholding the country’s reporting commitments.” In 2024 November, Michael Bloomberg has been reported to have donated $50 million to a non-profit group (Future Forward USA Action) supporting United States Democratic Party Presidential Nominee Kamala Harris. In 2024 August, Michael Bloomberg announced a donation of $600 million to 4 medical schools that have more black (African-Americans) students, with the donation made by Bloomberg Philanthropies. $600 million donation – 3 universities will receive $175 million each (Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine), and 1 university will receive $75 million (Charles Drew University of Medicine & Science). Separately, Xavier University of Louisiana (opening new medical school) will receive a $5 million grant. In 2023, Michael Bloomberg had planned to transfer Bloomberg into a trust managed by his friends & family to finance Bloomberg Philanthropies, which gives to Arts, Education, the Environment, Public Health and Government Innovation. Michael Bloomberg is also signer of The Giving Pledge, a pledge for billionaires to give more than half their wealth to charitable causes.
Billionaire & Founder of Bloomberg Michael Bloomberg Age 82 with $105 Billion Fortune Donates $50 Million to Non-Profit Group Supporting United States Democratic Party Presidential Nominee Kamala Harris
2nd November 2024 – Billionaire & founder of Bloomberg (financial information technology company) Michael Bloomberg (Age 82) with $105 billion fortune has been reported to have donated $50 million to a non-profit group (Future Forward USA Action) supporting United States Democratic Party Presidential Nominee Kamala Harris. In 2024 August, Michael Bloomberg announced a donation of $600 million to 4 medical schools that have more black (African-Americans) students, with the donation made by Bloomberg Philanthropies. $600 million donation – 3 universities will receive $175 million each (Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine), and 1 university will receive $75 million (Charles Drew University of Medicine & Science). Separately, Xavier University of Louisiana (opening new medical school) will receive a $5 million grant. In 2023, Michael Bloomberg had planned to transfer Bloomberg into a trust managed by his friends & family to finance Bloomberg Philanthropies, which gives to Arts, Education, the Environment, Public Health and Government Innovation. Michael Bloomberg is also signer of The Giving Pledge, a pledge for billionaires to give more than half their wealth to charitable causes.
Billionaire & Founder of Bloomberg Michael Bloomberg Age 82 with $105 Billion Fortune Donates $600 Million to 4 Medical Schools that Have More Black (African-Americans) Students, Donation Made by Bloomberg Philanthropies
8th August 2024 – Billionaire & founder of Bloomberg (financial information technology company) Michael Bloomberg (Age 82) with $105 billion fortune has announced a donation of $600 million to 4 medical schools that have more black (African-Americans) students, with the donation made by Bloomberg Philanthropies. $600 million donation – 3 universities will receive $175 million each (Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine), and 1 university will receive $75 million (Charles Drew University of Medicine & Science). Separately, Xavier University of Louisiana (opening new medical school) will receive a $5 million grant. In 2023, Michael Bloomberg had planned to transfer Bloomberg into a trust managed by his friends & family to finance Bloomberg Philanthropies, which gives to Arts, Education, the Environment, Public Health and Government Innovation. Michael Bloomberg is also signer of The Giving Pledge, a pledge for billionaires to give more than half their wealth to charitable causes.
Bloomberg Philanthropies (6/8/24): “Bloomberg Philanthropies announced a new $600 million gift to help bolster the endowments of the nation’s four historically Black medical schools: Charles R. Drew University of Medicine & Science, Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine. Seed funding will also be given to support the creation of the Xavier Ochsner College of Medicine, a new medical school in New Orleans.
- Bloomberg Philanthropies’ investment is part of its Greenwood Initiative – an effort that seeks to advance racial wealth equity including addressing systemic underinvestment in Black institutions and communities. The funding will fuel the historically Black medical schools’ long-established commitments to diversifying the medical field and training the next generation of doctors. Increasing the schools’ endowments will strengthen their financial stability and institutional capacity to respond to the rising costs of tuition, innovative research, and operations.
- Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine will each receive a gift of $175 million, and Charles R. Drew University of Medicine & Science will receive $75 million. The new funding will more than double three of the four medical schools’ endowments. Funding levels were determined by current class size and anticipated growth. In addition, the Xavier Ochsner College of Medicine, an HBCU medical school being developed in New Orleans, will receive a $5 million grant. The school is a partnership between Xavier University of Louisiana – one of the top educators in the U.S. of Black students who go on to graduate from medical school – and Ochsner Health – the leading not-for-profit academic health care provider in the Gulf South.
- Research has shown that Black people have better health outcomes and receive medical care more frequently when they are treated by Black physicians. Further, Black patients are 34 percent more likely to receive preventative care if seen by Black doctors. Yet, data shows that while the U.S. population is 13 percent Black, only 7 percent of medical school graduates and less than 6 percent of all practicing doctors are Black. Debilitating health problems take an enormous economic toll on families and communities so creating more Black doctors will help to address racial wealth inequities.
- The four historically Black medical schools alone graduate around half of all Black doctors in the U.S. but have significantly underfunded endowments as a result of systemic funding inequities including lower federal and state support. Since the early 1900s, a combination of factors – including the impacts of the Flexner report and other discriminatory practices and attitudes – have led to the closing of ten Black medical schools in the United States.
- In 2020, Bloomberg Philanthropies gave $100 million to the four historically Black medical schools, which at the time was the largest philanthropic gift from a single donor to these institutions. Since then, the institutions have been able to put a spotlight on how critical they are to advancing health equity and have catalyzed support from new funders and broken annual fundraising goals.
- The 2020 gift from Bloomberg Philanthropies also helped to reduce the student debt of nearly 1,000 future Black doctors. Less debt has given graduates more freedom to practice what they choose and where the need is greatest. More than 50 percent of the graduates benefiting from the support selected primary care specialties including internal medicine, pediatrics, OB/GYN, and the top non-primary care areas chosen were emergency medicine and psychiatry. Additionally, many of the graduates opted to work in underserved communities, urban communities, and public hospitals.
- In 2021, Bloomberg Philanthropies gave an additional $6 million to the four historically Black medical schools to expand their efforts to provide access to COVID-19 vaccines to underserved populations in their local communities.
- The gifts to the historically Black medical schools’ endowments are part of Bloomberg Philanthropies’ Greenwood Initiative which includes strategic investments such as the Black Wealth Data Center and its Racial Wealth Equity Database – created to provide public and private sector leaders with actionable data to advance racial wealth equity policies and strategies; Cities for Financial Empowerment Funds’ CityStart Initiative – focused on working closely with local leaders to create wealth building strategies for the residents they serve; and The Vivien Thomas Scholars Initiative at Johns Hopkins University, which was established to address underrepresentation in STEM by creating a sustained cohort of approximately 100 new slots in JHU’s more than 30 STEM programs for exceptional PhD students from HBCUs and other minority serving institutions (MSIs), and creating new pathways to the initiative and future leadership in STEM careers through partnership with the HBCUs and MSIs. Together these initiatives seek to implement, scale, and advocate for efforts that will help improve local conditions by acquiring resources, expanding community ownership, and increasing influence through economic power.
Michael R. Bloomberg, founder of Bloomberg Philanthropies and Bloomberg L.P.: “We have much more to do to build a country where every person, regardless of race, has equal access to quality health care – and where students from all backgrounds can pursue their dreams. Addressing health disparities and underrepresentation in the medical field are critical challenges, and Bloomberg Philanthropies is dedicated to making a difference. By building on our previous support, this gift will empower new generations of Black doctors to create a healthier and more equitable future for our country.”
Garnesha Ezediaro, who leads Bloomberg Philanthropies’ Greenwood Initiative: “Bloomberg Philanthropies’ Greenwood Initiative understands that inequity in our healthcare systems is far too great a cost to our economy and our collective well-being. Our continued partnership will build the institutional wealth of the historically Black medical schools, boosting their ability to provide the best training possible for current and future students. Ultimately, the benefits of this gift will be realized in the communities where the next generation of Black doctors practice and among patients who receive their care.”
Bloomberg Philanthropies – Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2023, Bloomberg Philanthropies distributed $3 billion
Billionaire & Founder of Bloomberg Michael Bloomberg Age 81 with $94 Billion Fortune Plans to Transfer Bloomberg into a Trust Managed by Friends & Family to Finance Bloomberg Philanthropies, Michael Bloomberg is Signer of Giving Pledge to Give More than Half His Wealth to Charity
27th April 2023 – Billionaire & founder of Bloomberg (financial information technology company) Michael Bloomberg (Age 81) with $94 billion fortune is planning to transfer Bloomberg into a trust managed by his friends & family to finance Bloomberg Philanthropies, which gives to Arts, Education, the Environment, Public Health and Government Innovation. Michael Bloomberg is also signer of The Giving Pledge, a pledge for billionaires to give more than half their wealth to charitable causes.
Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies, and three-term Mayor of the City of New York
Michael R. Bloomberg is an entrepreneur and three-term Mayor of New York City whose innovations in government and philanthropy have made him a global leader on climate change, public health, education, and other critical issues facing America and the world. Throughout his career, he has been strongly committed to giving back through Bloomberg Philanthropies, which employs a unique, data-driven approach to its core focus areas: the Arts, Education, the Environment, Public Health, Government Innovation, and the Greenwood Initiative, which aims to accelerate the pace of wealth accumulation in Black communities and address systemic underinvestment in them. He has given away $14.4 billion so far, with $1.7 billion distributed in 2022 alone.
Bloomberg was elected mayor just weeks after the attacks of September 11, 2001, and, under his leadership, New York City rebounded faster and stronger than expected. His administration raised high school graduation rates by 42 percent, cut crime by a third, reduced the city’s carbon footprint by 13 percent, banned smoking from bars and public parks, and increased life expectancy by three years. His economic policies, which supported entrepreneurs, small businesses, and emerging industries such as tech and bioscience, helped to create a record 400,000 new jobs. His administration invested more than $3 billion in the arts and cultural organizations, making New York City the largest funder of the arts in the country.
After leaving City Hall, he resumed leadership of Bloomberg L.P., the information technology start-up he launched in 1981 that revolutionized the investment industry and leveled the playing field for smaller firms. The company has grown from a one-room office into a global organization that employs some 20,000 people in 120 countries.
Bloomberg is one of America’s most fearless and effective voices on urgent national and international issues, including climate change, gun violence, public health, and immigration reform. He serves as the UN Secretary-General’s Special Envoy for Climate Ambition and Solutions, and as the WHO Ambassador for Noncommunicable Diseases and Injuries. The gun safety group he helped found, Everytown for Gun Safety, now has 10 million supporters and is the largest coalition of Americans fighting for common-sense gun laws. His partnership with the Sierra Club has retired more than two-thirds of the nation’s coal-fired power plants, moving the country toward cleaner, cheaper energy – and he has expanded the fight against coal globally as well. He was also sworn in as chair of the U.S. Department of Defense’s Defense Innovation Board, which provides strategic insights and recommendations on technology and innovation that help address national security priorities.
Bloomberg is co-author, with Carl Pope, of The New York Times bestseller Climate of Hope: How Cities, Businesses, and Citizens Can Save the Planet. Born in Boston and raised in Medford, Massachusetts, he graduated from Medford High School, earned a BS in electrical engineering from Johns Hopkins, and went on to earn an MBA from Harvard Business School. He lives in New York City.
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