How Michael Bloomberg became the richest man in media

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Just how did a Boston native and son of an accountant and a secretary amass his fortune?

Entrepreneur and philanthropist-turned politician Michael Bloomberg has been called one of most successful New York mayors in the city's history.

Bloomberg became a Wall Street star at the firm, whose leaders later convinced him to manage the company's fledgling computer systems unit in 1979. "I didn't sit around wondering what was happening at the old firm," Bloomberg wrote in his 2001 autobiography"Bloomberg by Bloomberg"."I didn't go back and visit. I never look over my shoulder. Once finished: Gone. Life continues!"

Innovative Market Systems was renamed Bloomberg L.P. in 1986. In 1990, the company created its own news service before launching Bloomberg.com in 1993.

 

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