10. What is his secret of success?
Let’s be honest here. If you get laid off from work, you will most likely to step towards desperation which can lead you into failures. When Michael Bloomberg got laid off, he founded his own company instead.
Yes, he got $10 million worth of equity. But he did not just sit back and let the money grow itself to feed him for years to come like most of us would probably do in the same situation. He worked hard and turned that $10 million to $47.4 billion!
Bloomberg is scrappy as both businessman and politician. He is highly determined and pretty argumentative in his actions. That is one of the keys to his success in both areas.
Just take a look at his political career as the Mayor of New York City. At first, people did not approve him as a new Mayor. Who would have thought with such disapproval, Bloomberg was re-elected instead of rejected.
