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Mike Bloomberg Net Worth

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Mike Bloomberg Net Worth

  • Net Worth: $64.2 billion
  • Date of Birth: February 4, 1942
  • Gender: Male
  • Income Source: Business
  • Nationality: American

About Michael Bloomberg

Michael Bloomberg was the 108th mayor of New York City and was in the position from 2002 to 2013. He is also a businessman, philanthropist, and author and is the major owner and co-founder of Bloomberg L.P. He is among the richest people in the world with a net worth of $64.2 billion. He is a father of two and was married to Susan Brown Meyer but was divorced in 1993. His current partner is Diana Taylor.

Early Life

Michael Rubens Bloomberg was born on February 14, 1942 in Boston, Massachusetts at the St. Elizabeth’s Hospital. His parents are William Henry Bloomberg, a bookkeeper for a dairy company, and Charlotte Rubens Bloomberg. Bloomberg’s family used to live in Allston until they moved to Brookline, Massachusetts when he was 2 years old, and moved again to Medford, Massachusetts two years later. They finally settled in a Boston suburb where he grew up and stayed until he graduated College. Bloomberg spent high school in Medford High School and went to college in Johns Hopkins University. He is a member of the fraternity Phi Kappa Psi. He was the one who constructed the school mascot blue jay’s costume during his sophomore year in 1962. Bloomberg graduated in 1964 with a BS in Electrical Engineering. He studied his Master of Business Administration in Harvard Business School and graduated on 1966.

Career

Michael Bloomberg was a general partner for the Salomon Brothers in 1973. When the company was bought by Phibro Corporation in 1981, Bloomberg was laid off with a $10 million cash buy-out. Bloomberg then set-up his own data services company named Innovative Market Systems (IMS) which aimed to deliver high-quality business information that would be delivered fastly on computer terminals. His company sold Market Master Terminals or now known as Bloomberg Terminals that would deliver real-time market data, financial calculations, and other technical analyses. Meryll Lynch became Bloomberg’s first customer, investing $30 million in IMS.

In 1990, the IMS was renamed as Bloomberg L.P. and had already 8,000 terminals. The company kept expanding and launched the Bloomberg News, Bloomberg Radio, Bloomberg Message, and Bloomberg Tradebook. By 2015, there were already 325,000 terminals worldwide. In 2019, the company were employing 20,000 workers from different parts of the world.

Bloomberg left his position as CEO when he entered politics. He was the mayor of New York City from 2002 to 2013. His political reform was mainly centered on public education and poverty. He used a statistical and metrics-based management approach and also gave departmental commissioners a wider autonomy in the process of decision-making. He also pioneered a “bullpen” open office plan where all aides and managerial staff sat together and discussed all decisions, in order to promote accountability and accessibility. He helped reduce New York’s budget deficit by raising taxes and accepted an annual renumeration of $1 instead of his mayoral salary. Bloomberg was also known for his stop and frisk program which was ruled as a violation of a citizen’s rights. After his political career ended, he announced his return as the CEO of the company. In 2019, Michael Bloomberg decided to run in the 2020 presidential election campaign. In 2020, he decided to seek the democratic nomination to run against President Donald Trump.

Career Highlights

Michael Bloomberg has received the following awards: Award for Distinguished Leadership in Global Capital Markets (2003), Richard A. Cook Gold Medal Award (2008), Lasker-Bloomberg Public Service Award (2009), and Shorty Special Award for Foursquare Mayor of the Year (2012).

Michael Bloomberg Quotes

“You are safer here tonight than you would be on the streets of any other city in the world.” –Michael Bloomberg

We are the safest large city in America, but any crime rate is too high.” –Michael Bloomberg

“We will rebuild, renew and remain the capital of the free world.”-Michael Bloomberg

“The cold harsh reality is that we have to balance the budget.” –Michael Bloomberg

“It’s no fun to protest on an empty stomach.”-Michael Bloomberg

“Taxes are not good things, but if you want services, somebody’s got to pay for them so they’re a necessary evil.”-Michael Bloomberg

“I’ve got the greatest job in the world. There’s no other job in government where cause and effect is so tightly coupled where you can make a difference every day in so many different ways and in so many different people’s lives. It’s a great challenge.”

Michael Bloomberg

“I think if you look at people, whether in business or government, who haven’t had any moral compass, who’ve just changed to say whatever they thought the popular thing was, in the end they’re losers.”

Michael Bloomberg

“I am what I am and, you know, I’m a very lucky guy.” –Michael Bloomberg

“Well, we have to provide the world’s best schools. We certainly don’t have them, but that’s our objective.” –Michael Bloomberg

Life Lessons

Michael Bloomberg learned the importance of acknowledging help from other people to achieve success, and that no one can become successful by themselves. When he was 39, he was laid off and had no idea what to do with his life. He then decided to start his own company with the help of Thomas Secunda, Duncan MacMillan, and Charles Zegar. All four of them founded the software company Bloomberg L.P. which is now a global leader in business and financial data. It is also a media company that has 20,000 employees and 167 offices worldwide. He acknowledges that he could have never reached these heights on his own and collaboration is essential. His advice to younger people is to “get rid of the words ‘I and me’ and switch to ‘We and Us’”.

Current Lifestyle

Michael Bloomberg lives in Upper East Side neighbourhood of Manhattan in a 7,500 square foot townhouse which he bought for $3.5 million. The five-storey home continues to expand as Bloomberg buys the neighbouring apartments combining the entire floors. In 2016, he bought a $14 million triplex leaving him with only one property left to acquire to achieve his mega mansion.

Summary

Michael Bloomberg is a politician, businessman, and philanthropist famous for being the mayor of New York City from 2002 to 2013. Worldwide, he is known for his media company Bloomberg. He became rich with his business that expanded since its 1983 establishment, landing Bloomberg as one of the richest people in the world. He is currently running for presidency.

Billionaires

Mark Zuckerberg Net Worth

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What is Mark Zuckerberg’s Net Worth?

  • Net Worth: $82 Billion
  • Date of Birth: May 14, 1984
  • Gender:  Male
  • Income Source: Entrepreneur
  • Nationality: American

About

Mark Zuckerberg is an American programmer famous for the creation of the social networking platform Facebook. He currently has a net worth of $82 billion and has broken records as the youngest billionaire in the world. Mark Zuckerberg is married to Priscilla Chan. The couple have two daughters.

Early Life

Mark Elliot Zuckerberg was born on the 14th of May 1984 in White Plains, New York, to parents Karen and Edward. Karen was a psychiatrist while Edward was a dentist. Mark has three younger siblings Randi, Donna, and Arielle. The Zuckerberg’s were raised in Dobbs Ferry, New York. Mark went to Ardsley High School where he excelled in class. He eventually transferred to the Phillips Exeter Academy. In his high school years, he won a number of awards recognizing his excellence in mathematics, astronomy, physics, and even classical studies. Mark was also part of the Johns Hopkins Center for Talented Youth summer camp. He is also multilingual with excellence in the languages French, Hebrew, Latin, and ancient Greek. Zuckerberg was not just an academic child but he also excelled in sports, in fact, he was the captain of the school’s fencing team.

Mark was exposed to computers and programming when he was in middle school. He learned Atari BASIC Programming and his father also hired a software developer to tutor him. When he was still in high school, Zuckerberg took a graduate class in Mercy College to learn more about programming. He also created a software program that organized his father’s computers in the office and at home. He also worked under the company Intelligent Media Group to develop a music player which used machine learning. Mark eventually went to college in Harvard University where he studied psychology and computer science.

Career

While in Harvard, he launched the social networking service Facebook in 2004 with his roommates. The site eventually expanded and had already reached 1.2 billion users by 2012. In early 2012, Facebook was opened to the public. Zuckerberg’s team also released Wirehog in 2004, which was a peer-to-peer file sharing service. Facebook continued to expand and opened the Facebook Platform which allowed programmers to create social applications within Facebook. Although widely received by different age groups in different parts of the world, Facebook has had a number of legal controversies pertaining to security, content, and technicality issues.

Career Highlights

When he was 23 years old, Zuckerberg became the world’s youngest billionaire. In 2019, he was the only person under 50 years old in the Forbes 10 richest people list. He is also the only person under 40 years of age in the top 20 billionaires in the world. Time magazine also recognized Zuckerberg as among the 100 wealthiest and most influential person in the world and was also given the Person of the Year award. He was also among the Forbes list of the World’s Most Powerful People.

Mark Zuckerberg Quotes

“I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.” – Mark Zuckerberg

“Give everyone the power to share anything with anyone.” – Mark Zuckerberg

“In terms of doing work and in terms of learning and evolving as a person, you just grow more when you get more people’s perspectives… I really try and live the mission of the company and… keep everything else in my life extremely simple.” – Mark Zuckerberg

“Nothing influences people more than a recommendation from a trusted friend.” – Mark Zuckerberg

“By giving people the power to share, we’re making the world more transparent.” – Mark Zuckerberg

“All of my friends who have younger siblings who are going to college or high school – my number one piece of advice is: You should learn how to program.” – Mark Zuckerberg

“Facebook was not originally created to be a company. It was built to accomplish a social mission – to make the world more open and connected.” – Mark Zuckerberg

“Instead of building walls, we can help build bridges.” – Mark Zuckerberg

“Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.” – Mark Zuckerberg

“The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg

Life Lessons

There are some lessons that Mark Zuckerberg tries to embody as he continues to be among the most successful businessmen in the world. First is to fail fast. He mentioned before the importance of move fast and break things. In computer programming, the sooner you fail, the sooner you will realize the mistakes, the sooner you will find them as well, and the faster you will recover. Secondly, he believes in the power of the basics and that “if you do the things that are easier first, then you can actually make a lot of progress. Third is the importance of caring about people, which should be a priority in the business. Thus, Mark listens to the feedback of the customers and adjusts accordingly to their needs. Next is the importance of technological innovations. With the advent of AI, manual jobs are easily being replaced. It is important to adjust to the changing times accordingly. More importantly, it is important to live with a higher purpose and have an important mission that goes beyond money or power.

Current Lifestyle

Zuckerberg, similar with the other tech giants, is also not fond of wearing fashionable clothes. He sticks to easy choices such as a gray t-shirt and hoodies. He drives an Acura TSX and a Honda Fit, which are inexpensive cars valued around $30,000. He also has a Volkswagen Golf GTI which costs around $30,000. Nonetheless, Zuckerberg is also a fan of sports cars and has an Italian Pagani Huayra which costs around $1.3 million. Although compared to other billionaires, Zuckerberg’s cars are quite low-key, his real estate says otherwise. He has a 5,000 square-foot home in Palo Alto which he bought for $7 million. He wired his home with a custom-made artificially intelligent assistant. He also bought the four homes surrounding his home where he spent about $30 million. He also has a 5,500 square-foot townhouse in Mission District San Francisco which he bought for $1 million. In addition, he has a 357-acre former sugarcane plantation in Kahu’aina and a 393-acre property called Pila Beach in the island of Kauai. These two properties are worth $100 million.

Summary

Mark Zuckerberg is an American programmer famous for the creation of the world-renowned social media platform Facebook. Zuckerberg has continued to expand Facebook by buying other companies and developing new features he has even made it more user friendly. Since its launch in early 2000s, the platform has acquired billions of users. Facebook has already been a part of an ever changing social culture and has now established itself as a normal means of communication.

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Elon Musk Net Worth

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What is Elon Musk Net Worth?

Net Worth: $21.6 Billion

Date of Birth: June 28, 1971

Gender: Male

Income Source: Entrepreneur, Investor

Nationality: South African, Canadian, American

About

Elon Musk is known as an innovative entrepreneur. He has three citizenships including South African, Canadian, and American. Elon Musk has had different business ventures over the years and has succeeded in many of these businesses. He currently has a net worth of $21.6 billion and this will surely increase in the following years as he continues to expand his companies and partnerships across the world. Elon Musk has been married three times. First to Justine Wilson whom he was married to for eight years. The second and third marriages were with Talulah Riley whom Musk married in 2010, divorced in 2012, remarried in 2013, and divorced again in 2016. His current partner is Claire Boucher commonly known as the singer Grimes. Elon has six children with his first wife. The eldest, Nevada Alexander, passed away 10 weeks after he was born. His five children named Griffin, Xavier, Kai, Saxon, and Damian were all born through IVF. Recently, his girlfriend Grimes has confirmed she is pregnant with Musk’s child.

Early Life

Elon Reeve Musk was born on the 28th of June, 1971 in Transvaal, South Africa to parents Maye and Errol. Elon has two siblings Kimbal and Tosca. Their parents divorced in 1980 and Elon lived mostly with his father, who he regarded as a terrible man. As a child, Elon had always loved reading. When he was 10, his interest was captured by computing whilst playing the Commodore VIC-20. He learned programming by himself and when he reached 12, he sold the code for a video game he created to PC and Office Technology Magazine. The game was called Blastar and he earned $500 from it.

As a kid, Elon was severely bullied up to the point of hospitalization when a group of boys threw him down the stairs. His head smashed the pavement and his nose was damaged, requiring corrective surgery. Elon went to school at the Waterkloof House Preparatory School, Bryanston High School, and Pretoria Boys High School. He attended the University of Pretoria for five months. Since he has always wanted to go to America, he moved to Canada against his father’s will with a plan of obtaining Canadian citizenship which would make it easier for him to enter America. In Canada, Elon went to Queen’s University in 1982 and moved to America in 1992 to study business and physics in the University of Pennsylvania where he graduated with a BS in Economics and a BA in Physics. In 1995, he almost started a PhD journey in Stanford University but decided to drop out two days after to concentrate on the launching of his first company, Zip2 Corporation.

Career

Zip2 is a web software company founded by Elon and his brother which was eventually bought by Compaq in 1999 for $340 million. Elon eventually started X.com, an online bank responsible for launching PayPal. This was bought by eBay for $1.5 billion in 2002. After X.com, Musk ventured into space technology and founded SpaceX and became the company’s CEO and lead designer. He joined Tesla, Inc. in 2004 and also became the CEO and product architect of the company. The SolarCity, a subsidiary of Tesla, was also created. In 2015, the OpenAI research company was founded with the purpose of ensuring ethics in AI. In 2016, he co-founded Neuralink which deals with neurotechnology and The Boring Company which deals with tunnel construction.

Career Highlights

Elon Musk is considered as one of the most exceptional innovators of our time. He started the e-payment revolution with X.com, an e-payment company which eBay eventually bought and renamed to PayPal. He revolutionized the electric cars with Tesla Motors and invests in space exploration with SpaceX. He also invested in solar technology with SolarCity. Musk also landed a contract with NASA for flying the Dragon spacecraft to the International Space Station.

Elon Musk Quotes

“When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk

“I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple’s product is so much better than the alternative, and people are willing to pay that premium.” – Elon Musk

“What makes innovative thinking happen? I think it’s really a mindset. You have to decide.” – Elon Musk

“A company is a group organized to create a product or service, and it is only as good as its people and how excited they are about creating. I do want to recognize a ton of super-talented people. I just happen to be the face of the companies.” – Elon Musk

“I’ve actually not read any books on time management.” – Elon Musk

“I would just question things… It would infuriate my parents… That I wouldn’t just believe them when they said something ’cause I’d ask them why. And then I’d consider whether that response made sense given everything else I knew.” – Elon Musk

“It’s OK to have your eggs in one basket as long as you control what happens to that basket.” – Elon Musk

“The first step is to establish that something is possible; then probability will occur.” – Elon Musk

“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.” – Elon Musk

“My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.” – Elon Musk

 

Elon Musk Life Lessons

Elon Musk has certain lessons and principles that he clings to as he continues expanding his business portfolio. First one is to have a specific goal. But this goal should not be about getting a lot of money or being promoted. It should be about something that will make things better. If there is a product that doesn’t exist yet but will be beneficial for others if it will exist, then make it real. Second is to acknowledge that your ideas are not perfect. With this you will need to seek criticism and need to get as much feedback especially from people that you trust. Third, it is important to concentrate on working on one thing at a time and work harder and longer. Fourth, it is important to not fear failure but instead make it your friend. He views failure as a necessary component for innovation. Last but not the least, there is beauty in being extraordinary. Choose to challenge and question the norms.

Current Lifestyle

Elon Musk is known to own a real estate portfolio that is worth about $70 Million. He owns more than one Bel Air estates with one of these mansions costing $17 million and having a two-storey library. The mansion also has a home theater, a gym, and a thousand-bottle wine cellar. Musk is of course, also a fan of cars. He owns a $920,000 Lotus Esprit submarine car which was used in a James Bond movie. He also has a Ford Model T as well as a Jaguar E-Type Series 1 Roadster. Musk is one of the pledgers in the Giving Pledge effort started by Warren Buffet, Bill, and Melinda Gates. He also donated $10 million to the Future of Life Institute to be used for regulating artificial intelligence.

Summary

Elon Musk is an innovator. He has a lot of fresh ideas about various things in life and he is well-equipped in achieving them with his academic background and intelligence. His earlier working life mostly revolved around these novel business ideas that he eventually brought to life. Musk is still in the process of expanding his business empire and coming up with more ideas which will definitely be something for us all to look forward to.

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Oprah Winfrey Net Worth

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What is Oprah Winfrey’s Net Worth?

Net Worth: $3.5 Billion

Date of Birth: January 29, 1954

Gender: Female

Income Source: Professional Talk Show Host, Acting

Nationality: American

About Oprah Winfrey

Oprah Winfrey is an American talk show host. She is known as the first Black-American female news anchor. Oprah has been a household name not just in the US but in the international arena as well. Her show The Oprah Winfrey Show is among the most watched talk shows in the world. Oprah currently has a net worth of $3.5 billion and is the richest female African-American in the world.

Early Life

Oprah was born as Oprah Gail Winfrey in Kosciusko, Mississippi on January 29, 1954. Her mother Vernita Lee, was an unmarried teenager who worked as a housemaid. Her father is Vernon Winfrey who was a coal miner, barber, and eventually a council man who was in the Armed Forces at the time Oprah was born. Oprah was raised by her grandmother until she was 6 years old and grew up in an area of poverty.  She would often wear clothes made of potato sacks. Her grandmother taught her to read before she turned three and took her to the local church where she would then read bible verses.

At six years of age, Oprah started living again with her mother who by that time also gave birth to her sister Patricia. With the financial difficulties that came with raising two daughters, Oprah was sent to live with her father Vernon. At that time, her mother gave birth to another half-sister which she would only learn about years later. When Oprah went back to live with her mother, she had a half-brother. Allegedly, from the age of nine Oprah was molested by her cousin, uncle, and a family friend but nobody in her family believed her when she told them about it.

Oprah ran away from her mother when she was thirteen and became pregnant when she was 14, with the pregnancy ending in a still born birth. Oprah and her mother did not get along and she was sent once again sent to her father who was strict, but prioritized her education. She attended the East Nashville High School and was an honor student. She was also part of her high school speech team. Oprah won second in the nation in dramatic interpretation and also won an oratorical contest which paved her way for a scholarship to the Tennessee State University, where she studied communication.

Career

Oprah worked at a local grocery store to help with her finances and also joined and won the Miss Black Tennessee when she was 17. She landed a part time job in the local black radio station WVOL, working on delivering news. Oprah became the youngest news anchor and first ever black female news anchor in the Nashvile’s WLAC-TV. She eventually moved to co-anchor the 6 o’clock news in Baltimore’s WJZ-TV. She juggled many other news and talk shows until she reached her biggest break which is The Oprah Winfrey Show in 1986 which became among the most successful and highly watched TV shows in history. Oprah also wrote books and sold millions of copies these books worldwide. Until now, Oprah continues to be one of the most influential personalities and successful TV hostesses in the world.

 

Career Highlights

Oprah Winfrey has received a total of 38 awards and 67 nominations. She has received a number of Daytime Emmy Awards as Outstanding Talk Show and Talk Show Host for The Oprah Winfrey Show in the years 1987, 1989, 1991, 1992, 1997, and 1998. She also received a Lifetime Achievement Award in 1998 and the Chairman’s Award in 2011. Oprah also received a Golden Globe Cecil B. DeMille Award in 2018. She also has Primetime Emmy Awards for Bob Hope Humanitarian Award 2002 and Outstanding Made for Television Movie for Tuesdays With Morrie in 2000. Oprah also received a number of awards from the Academy Awards, Acapulco Black Film Festival, NAACP Image Awards, and Tony Awards to name a few. She was also given the Presidential Medal of Freedom in 2013.

Oprah Winfrey Quotes

“When you undervalue what you do, the world will undervalue who you are.” ― Oprah Winfrey

“Doing the best at this moment puts you in the best place for the next moment” ― Oprah Winfrey

“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” ― Oprah Winfrey

“You can have it all. Just not all at once.” ― Oprah Winfrey

“Real integrity is doing the right thing, knowing that nobody’s going to know whether you did it or not.” ― Oprah Winfrey

“One of the hardest things in life to learn are which bridges to cross and which bridges to burn.” ― Oprah Winfrey

“Challenges are gifts that force us to search for a new center of gravity. Don’t fight them. Just find a new way to stand.” ― Oprah Winfrey

“The thing you fear most has no power. Your fear of it is what has the power. Facing the truth really will set you free.” ― Oprah Winfrey

“Surround yourself only with people who are going to take you higher.” ― Oprah Winfrey

“Turn your wounds into wisdom.” ― Oprah Winfrey

Life Lessons

Oprah believes that simple things matter in life. Life can be enjoyed and lived well by starting with a good breakfast, paying bills on time, recycling, making your own bed, aiming high, showing your gratitude to people, asking for help when needed, and even putting phones away during dinner. She realized the importance of being nice to people and exemplifies that our connection to other people’s humanity is also our way to our very own humanity. With her long experience at work, she has also realized that the job we are doing is not what’s going to fulfil us. There will be times that we will get bored and will not feel like working at all. She mentioned that at these times, it is important to understand that we should keep on going and just remember that our job doesn’t define us. It is not who we are, but only our way of becoming who we will become.

Current Lifestyle

Oprah Winfrey currently lives in her home which is referred to as The Promised Land. The property is a luxury Montecito estate located at the outskirts of Santa Barbara. The home is a 23,000 square-foot Georgian Mansion which Oprah bought for $52 million. The home has ten fireplaces, fourteen bathrooms, and a library containing 1,500 books along with an African-American doll that sits in the sofa. In addition, the home also has a rose garden with 600 rose bushes. The garden also houses a tea house which serves as her personal space. Aside from The Promised Land, Oprah also has six other real estate properties. Oprah also owns a Mercedes Benz 300SL Gullwing, a Cadillac Escalade, a Lincoln Navigator, a Tesla Model S, and a Mercedes Benz E-Class Coupe.

Summary

Oprah Winfrey is an American talkshow host and author. She has gained worldwide fame through her talk show The Oprah Winfrey Show. Oprah had a rough childhood but consistently persevered to be where she is now. She is currently the most influential and richest African-American woman and is known all over the world.

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