FinTech Magazine - December 2021 | Page 17

BLOOMBERG

MICHAEL

Job Title : Businessman , philanthropist and politician Company : Bloomberg L . P .

N ot much is publicly written about Michael Bloomberg ’ s early life . But the banker , former New York Mayor , onetime US presidential candidate and founder of Bloomberg L . P . does not seem to have had a remarkable childhood or upbringing .

Various reports show that he came from moderate beginnings and both his parents worked in respectable , blue collar professions .
Bloomberg ’ s father was a Polish immigrant who worked seven days a week as an accountant and his mother was a secretary . The family lived in a quiet suburb of Boston , Massachusetts , and Michael was born in February of 1942 .
At the age of 22 , he graduated from Johns Hopkins University with a degree in engineering . The year was 1964 - and with a career in finance as his goal , Bloomberg enrolled on an MBA at Harvard University .
After graduation , he took an entry-level position at Salomon Brothers investment bank - his launchpad into the dizzying world of finance .
However , despite rising through the ranks and performing well , Saloman Brothers merged with Phibro Bros in 1980 and Bloomberg found himself without a role at the newly formed entity .
Has donated

$ 8.2bn

to charitable causes
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