Too Long; Didn't Read
Michael Bloomberg spent over $4m creating the first terminal, with the only money he had at the time from his exit from Salomon Brother’s. He was doing odd consulting jobs, and one of his clients was Merrill Lynch & co. This was the decision-maker he needed to convince. The terminal was eventually sold to one of the top 5 banks in the world as his legacy business leader and magnate. Michael Bloomberg is now a billionaire with a net worth of roughly $69 billion, but we don't all think of how he got there.