Michael Bloomberg: How he built his Net worth (podcast)

Michael Bloomberg’s journey is a masterclass in reinvention, resilience, and visionary leadership. Born in Boston to a middle-class family, Bloomberg’s path was shaped by hard work and a relentless pursuit of excellence. After earning his MBA from Harvard, he began his career at Salomon Brothers, where he rose through the ranks, only to face an unexpected layoff. Instead of retreating, Bloomberg turned this setback into an opportunity that would transform industries.

With a $10 million severance, Bloomberg founded Innovative Market Systems in 1981, which later became Bloomberg L.P. His creation, the Bloomberg Terminal, revolutionised finance by delivering real-time data and analytics to traders and investors. This innovation bridged gaps in market information, empowering professionals to make faster, better-informed decisions. Today, Bloomberg L.P. is synonymous with financial technology, boasting services that span news, analytics, and media, cementing its influence in global markets.

Bloomberg’s leadership transcended the business world. In 2002, he became the 108th mayor of New York City, serving three terms. His tenure was marked by bold initiatives in urban planning, public health, and education. From smoking bans to tackling climate change, his pragmatic, data-driven policies became a blueprint for effective governance.

As a philanthropist, Bloomberg has pledged billions toward public health, environmental sustainability, and education through Bloomberg Philanthropies. His commitment to fighting climate change and preventing non-communicable diseases has left an indelible mark on global progress.