How did Michael Bloomberg make his money?
Michael Bloomberg is a multi-billionaire who made his money through founding
Bloomberg L.P., a privately owned financial news and information company. Bloomberg started the company on March 17, 1981 with a terminal and early business partner at Salomon Brothers. In the 1980s, he led the development of computerized models for predicting financial prices used to make trading decisions rather than those based mostly on observation as had been done before.
Since 2006, when Charles J weissman retired from management of Salomon Brothers in protest at cuts in compensation following years of intense competition in equity markets with Jeffrey Steffen Gray Lefcourt’s electronic commerce firm bond desk known as LEF or Liquid Electronic Trading Employees Fund
