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What Does Bloomberg Want for Bloomberg L.P.?

A modest proposal for how New York’s $100 billion man could bequeath his namesake, and its monumental profits in perpetuity.

Michael Bloomberg
Bloomberg L.P. is a significant entity—with some 26,000 employees and an implied valuation of around $120 billion—that hasn’t had much to say about succession. Photo: Roy Rochlin/Getty Images
William D. Cohan
November 5, 2025

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One of the more interesting parlor games on Wall Street these days is predicting what billionaire Michael Bloomberg, now 83 years old, is going to one day do with Bloomberg L.P., his invaluable financial data and news service. Yes, Bloomberg is in great shape, and his mother famously lived to be 102. But for octogenarians, estate planning is always a relevant topic, especially when your net worth is estimated at more than $109 billion, according to Forbes.