Michael Bloomberg‘s $155 million gift to a museum was inspired by his lifelong love of learning instilled by his parents. The billionaire businessman and former New York City mayor is funding a new public science space at Boston’s Museum of Science named for his late parents, William and Charlotte Bloomberg. As a boy growing up in nearby Medford, Massachusetts, Bloomberg visited the museum every Saturday. Now, decades later, he’s helping make those same kinds of discoveries possible for a new generation.
The New Science Space Honors Michael Bloomberg’s Late Parents
On October 10, the Museum of Science opened the William and Charlotte Bloomberg Public Science Common, with a celebration planned for October 28.
The new space is designed to “connect trusted scientific voices with local and global audiences.” It will host conversations with leading scientists and science communicators, as well as conferences and symposia.
“The Public Science Common captures the spirit of openness and dialogue that has always fueled progress – and it means a lot to have it named for the most important teachers my sister Marjorie and I had: our parents, William and Charlotte,” Bloomberg shared.
The new space features floor-to-ceiling glass overlooking the Charles River, with 270-degree views of the Boston skyline. Its technology will also allow the museum to share its programs with audiences well beyond the Boston area.
Michael Bloomberg Grew Up in a Middle-Class Family Outside Boston
The son of William Bloomberg, a bookkeeper, and Charlotte Bloomberg, an office manager, Michael Bloomberg was born in Boston on February 14, 1942, and grew up in Medford, Massachusetts. His childhood was shaped by hard work and learning, and he became an Eagle Scout at age 12.
Bloomberg attended Johns Hopkins University, where he studied electrical engineering and worked as a parking attendant to help pay for college. He later earned an MBA from Harvard Business School.
How Michael Bloomberg Built His Billion-Dollar Fortune
After graduating from Harvard, Bloomberg joined Wall Street firm Salomon Brothers, where he rose through the ranks and eventually oversaw the company’s information systems.
In 1981, after Salomon Brothers was acquired and Bloomberg lost his job, he used his experience in finance and technology to start his own company. Initially called Innovative Market Systems, it developed computer terminals that gave financial professionals access to real-time market data and analytics.
That business became Bloomberg LP, a global financial information and media company. Its success made Bloomberg a billionaire and gave him the resources to pursue philanthropy on a massive scale.
His Parents Took Him to the Museum Every Saturday as a Boy
Growing up in Medford, Bloomberg regularly traveled to the Museum of Science on Saturday mornings, taking a trolley, subway and bus to get there. He has said those childhood visits sparked his lifelong love of learning and problem-solving, helping shape his interests in engineering, technology and discovery.
The new science space bears his parents’ names because William and Charlotte Bloomberg encouraged that curiosity in their children. Bloomberg has described his parents as the most important teachers he and his sister, Marjorie, ever had.
The gift is more than a donation to a museum. It connects the experiences that helped shape Bloomberg’s own life with his hope that other young people will discover the same excitement about learning.
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