You probably heard his name from the news channel. But there are more to tell about Michael Bloomberg.
He is probably the most popular former Mayor of New York City in the modern era. Before Donald Trump took business into big political platform, Michael Bloomberg had already done that.
Bloomberg was a Mayor from 2002 to 2013. He ruled New York City and made a lot of major changes when he was running the office, although some were considered controversial. Well, it’s not politic if it doesn’t have the pros and cons. We’re gonna talk about that later on this article.
Before his moves to the US politic, Bloomberg was more commonly known as a business mogul. His company, Bloomberg L.P., is one of the biggest companies in the world with billion dollars of revenue.
And as he reaches the top step of both business and politics, his stories become bigger and bigger. We cover fifteen stories about his wealth, career, and personal life through these fifteen pages. Enjoy the read!
15. How did he start it all?
While most billionaires started off with money inherited from their parents or with a breakthrough idea to prevail their business venture, Michael Bloomberg got his break after he was laid off.
Back in 1973, he became the head of equity trading at Salomon Brothers. The investment bank made more than $4 billion of revenue a year. But when it was bought by another corporation years later, Bloomberg was laid off. However, he was given a $10-million worth of equity.
That is the money he used to set up his own company. It was initially named Innovative Market Systems before renamed as Bloomberg L.P. once it kicked off with millions of dollars worth of investments.
Now, the company has hundreds of thousands terminal subscribers worldwide. And it does not just provide financial services, but it is also conquering the mass media and technology fields. Not bad for someone who was “fired” from his job, huh?