How did Michael Bloomberg make his money?


Michael Bloomberg made his first millions in a severance package from a Wall Street Investment firm called Salomon Brothers. When he was let go from that company, he was given $10,000,000. He used this money to start up a company called Innovative Market Systems. He created the Market Master system, which Merrill Lynch originally invested in. As of 2012, his net worth is 22 million dollars.
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When Michael Jordan was still playing basketball he was earning about $300,000 per game. His annual salary was about $30 million plus another $40 million in endorsement ...
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