Michael Bloomberg

Michel Bloomberg (Born February 14, 1942 )

Michael Bloomberg is a CEO, Philanthropist, and a politician. In 1981 he launched Bloomberg L.P. He was born on 14th February 1942. He was a candidate in 2020 democratic presidential primaries and was a mayor if New York City. Bloomberg graduated from Johns university and grew up in Medford Massachusetts. Before forming his own company in 1981, he begins his career at securities brokerage Salomon Brothers. The Bloomberg L.P is financial information, software, and media firm that is known for its Bloomberg Terminal. HE spent his next 20 years as a chairman and CEO. Forbes ranked Bloomberg as the 9yh richest man in the world in 2019 with the net worth of 55.5 billion dollars. He also has given away 8.2 billion dollars.

In 2001, he held the office for three consecutive terms and won reelection in 2005 and 2009. Was elected the 108th mayor of New York City. Bloomberg developed a technocratic managerial style pursing the socially liberal and fiscally moderate policies. He later reassumed as a CEO at Bloomberg L.P after a brief stint as a philanthropist.

Bloomberg built an urban infrastructure, public health initiatives, and protection for the environment.

Things you didn’t know about Michel Bloomberg:

  • Michel has an MBA from Harvard and a BA from John Hopkins. He wanted to study the best universities possible in the country at that time. He majored in electronic engineering at John Hopkins University and also joined Phi kappa c fraternity. After this study, he went to Harvard business school and graduated in 1966. There came many difficulties during his study as he was also working as a parking lot attendant to pay his school fee. He is a self-made billion from the bottom and a smart man.
  • While he was a mayor of New York, he used the subway to go to work. He stated he used to go from 76 Street to the city hall every day. That is probably a great way to see the real-life, but being the mayor you would see him the fancy cars.
  • He has the net worth of $50,800,000,000 which makes him the 7th richest man in the USA and 10th richest man in the world. He has two children with his wife.
  • He is a supporter of women’s rights. He is quite progressive in the matter of thinking and doesn’t care about what party he is a part of when he believes and stands for something he believes in. He tried to make New York City better and he did that also. There were a lot of people who tried hard to bring down his legacy, but he was a pioneer in a lot of ways. He supports legal abortion, sex education, plan B availability in schools, and access to education for all women. He often said that if he were a woman, he would wear high hills and walk in front of people.

Some rules to become successful from Bloomberg:

  • Share the credit

He goes on saying if something good happens, sharing the credit makes you a better person. For example if I say Loyd did that and he made me involved with that and you are also giving credit to yourself and as well you have just made another friend just by doing a simple act of kindness.

  • Word Hard

The only thing you can control is the amount of work you put in, how honest you are, and how you deal with other people. There is no role in how God made you or your luck. He thinks there is a price for everything you do. And you cannot walk away from your family to make your career. You should find a balance between two which may not be the perfect answer but is a practical answer. It is a part of an experience.

  • Don’t jump too quickly

He says, not to jump at anything too quickly. That does not mean that you waste your life and never realize when something not going to happen or when the opportunity is not going be presented. The main thing is to learn.

  • Question everything

For him, the engineering background was a transformative thing in his life, because in science you need to be able to look in the mirror and answer the question. You can’t just say something and believe it; you have to be able to show people. That you can independently verify what you claim you saw. It has forced him to say why and ask questions every time which allowed him to target more effectively.

  • Focus on people

The important thing is that people want respect. Whether you do it by giving free food or giving nice offices, whether you do it by always giving them credit. He would always make a point as he goes into his building and shakes hands with his security people. He thinks they are just as important as the other people in the office. As the head of the company, there are too many distinctions between people inside the office too.

  • Be prepared

You never know when the opportunity is going to be presented. The careers that you wind are invariably going to be very different. So you should focus to interact with people and how you approach problems.

  • Be honest with your self

As you work harder the luckier you get. If it doesn’t work out then it’s not the end of the world. He says, he doesn’t have anything common with people that say” oh my god it was terrible”. Just say why it worked out didn’t. That is the whole point. All you have to do is be honest with yourself all the time throughout the process. What bloom used to do is drawing a line on the paper and right the pros and cons of a particular action that he was going to take. And be honest with yourself during this whole process.

On this date, Bloomberg is 78 years old and is living a life of billionaire and one of the most successful men.


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