Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar,[7] and a 12% ownership investment by Merrill Lynch.[8]

Bloomberg L.P.
TypePrivate, limited partnership
IndustryTechnology, mass media
FoundedOctober 1, 1981; 39 years ago (1981-10-01)[1][2]
FoundersMichael Bloomberg
Thomas Secunda
Duncan MacMillan
Charles Zegar[3]
HeadquartersBloomberg Tower
731 Lexington Avenue,
Number of locations
167 offices (2019)[4]
Key people
Peter Grauer (chairman)
Michael Bloomberg
(co-founder & CEO)
Revenue US$10 billion (2019)[5]
OwnerMichael Bloomberg (88%)[6]
Merrill Lynch
Number of employees

Bloomberg L.P. provides financial software tools and enterprise applications such as analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product.[9] Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), websites, radio stations (Bloomberg Radio), subscription-only newsletters, and two magazines: Bloomberg Businessweek and Bloomberg Markets.[10]

The company has 167 locations and nearly 20,000 employees.[5][11]

The company's director of global construction Anthony Gozzone took part in bribery between 2010 and 2017 in which he accepted bribes in exchanging for awarding construction work done for Bloomberg. Guzzone has accepted more than $5.1 million in bribes and he pleaded guilty to tax evasion on the bribes in September, 2020 and sentenced to prison for three years and two months in January 2021[12][13]