Entrepreneurs
Michael Bloomberg Net Worth
What is Michael Bloomberg’s net worth?
Net Worth: | $96.3 Billion |
---|---|
Age: | 82 |
Born: | February 14, 1942 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | February 15, 2024 |
Introduction
Michael Bloomberg’s net worth is about $96.3 Billion.
Michael Bloomberg is one of the wealthiest people in the world, as he is the majority owner and founder of the global financial media and data company Bloomberg L.P.
As well as being a world-renowned businessman, he is also known for having been the mayor of New York City several times and being an esteemed philanthropist.
Early Life
Michael Bloomberg was born on February 14, 1942, in Boston Massachusetts.
After completing high school, he attended John Hopkins University and graduated in 1964 with a Bachelor of science degree in electrical engineering.
After getting his bachelor’s degree, he attended Harvard Business School and graduated in 1966 with a master’s degree in business administration.
Career
Before becoming one of the richest people in the world, Michael Bloomberg graduated from Johns Hopkins University and Harvard Business School.
He started his career at Salomon Brothers, a Wall Street investment bank, in 1966, where he was promoted to the equities desk.
After becoming a general partner in 1972, he headed equity trading and later systems development at the company.
In 1981, the Phibro Corporation bought out Salomon Brothers, and while they fired Bloomberg, they also paid him $10 million for his equity in the firm.
Starting His Own Company
Using the money he got from the buyout of Salomon Brothers, Michael Bloomberg set up a data services company called Innovative Market Systems.
This company sold customized computer terminals designed to display real-time market data and other Wall Street analytics.
In 1986, IMS was renamed Bloomberg L.P., and it was used to spawn Bloomberg Radio, Bloomberg News, and Bloomberg Tradebook.
Although the company thrived throughout the 80s and 90s, it also had some rough patches regarding sexual harassment.
During this period, the company was sued four times by female employees for sexual harassment, and the company’s culture was compared to a fraternity.
However, this didn’t hinder Bloomberg’s success, and when he left his position as CEO, he had become one of the richest people in America, worth billions.
A Successful Politician
After leaving his position as CEO of Bloomberg L.P., Michael Bloomberg chose to pursue a political career, running for mayor of New York City.
He assumed office in 2002 as the 108th mayor of New York City, one of the most expensive cities in the world, replacing Rudy Giuliani.
Bloomberg would be re-elected twice, in 2005 and 2009, although he struggled with low approval ratings at the beginning of his career.
While he was mayor, he turned the city’s $6 billion budget deficit into a $3 billion surplus, mainly by raising property taxes.
He also created many bicycle lanes, enacted indoor smoking bans, pedestrianized Times Square, and required chain restaurants to list calorie counts.
Furthermore, his administration vastly expanded its stop-and-frisk program, which resulted in stops increasing nearly sixfold.
Post-Mayoral Politics
Michael Bloomberg was frequently mentioned as a potential candidate for the 2008 and 2010 presidential elections.
Although he declined to run during those years, he briefly considered an independent run during the 2016 elections.
In 2018, he pledged $80 million to support Democratic congressional candidates, but by October of that year, he had committed over $100 million.
All of his spending during this electoral period once again fueled rumors that he would run for president in 2020.
While he first encouraged the Democratic party to nominate someone to defeat Donald Trump, he soon decided to throw his own hat into the ring.
A Presidential Campaign
In November 2019, Michael Bloomberg officially launched his presidential campaign, self-funding everything from his personal fortune.
Because he entered the race late, he missed the first four primaries and caucuses and suffered from two lackluster debates.
Despite that, Bloomberg remained in the race, using his wealth to advertise on TV, radio, the internet, and by mail.
Overall, he spent $676 million of his own fortune on his campaign, the most money ever spent on a presidential run.
However, no matter how much he put forward, his support in national polls never rose above 15% and stagnated before Super Tuesday.
Ultimately, Bloomberg chose to suspend his campaign and support Joe Biden after only winning American Samoa.
In 2022, Bloomberg was nominated to chair the Defense Innovation Board and, the following year, served as global advisor to winners of the Earthshot Prize.
Michael Bloomberg Net Worth
Michael Bloomberg’s net worth is $96.3 Billion.
Michael Bloomberg’s Net Worth Over Time
Year | Net Worth |
---|---|
2009 | $16 Billion |
2010 | $18 Billion |
2011 | $19.5 Billion |
2012 | $22 Billion |
2013 | $31 Billion |
2014 | $33 Billion |
2015 | $35.5 Billion |
2016 | $40 Billion |
2017 | $47.5 Billion |
2018 | $50 Billion |
2019 | $55.5 Billion |
2020 | $48 Billion |
2021 | $59 Billion |
2022 | $82 Billion |
2023 | $94.5 Billion |
2024 | $96.3 Billion |
Highlights
Here are some of the best highlights of Michael Bloomberg’s career:
- Award for Distinguished Leadership in Global Capital Markets (2003)
- Richard A. Cook Gold Medal Award
- Shorty Special Award for Foursquare Mayor of the Year (2012)
- Lasker-Bloomberg Public Service Award (2009)
Summary
Michael Bloomberg is one of the wealthiest men in the world and has earned a lot of his fortune through his own company.
Michael Bloomberg’s net worth is approximately $96.3 Billion.
What do you think about Michael Bloomberg’s net worth? Leave a comment below.
Entrepreneurs
Carlos Ghosn Net Worth
What is Carlos Ghosn’s net worth?
Net Worth: | $120 Million |
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Age: | 70 |
Born: | March 9, 1954 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Brazil |
Source of Wealth: | Entrepreneur |
Last Updated: | Dec 1, 2024 |
Introduction
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million.
Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.
Career Overview
After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France.
In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America.
Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to Brazil’s hyperinflation. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989.
Rising Through The Ranks
In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company.
Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999.
While maintaining his previous roles, Ghosn became Nissan’s COO and was named president in 2000 and CEO in 2001. Ghosn turned Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division.
In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously. While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.
Ghosn’s Recent Business Deals
Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017. Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman.
After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto. However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company.
At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned.
In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.
Carlos Ghosn Net Worth
In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million.
What do you think about Carlos Ghosn’s net worth? Leave a comment below.
Entrepreneurs
Rich Barton Net Worth
What is Rich Barton’s net worth?
Net Worth: | $2.1 Billion |
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Age: | 57 |
Born: | June 2, 1967 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Dec 1, 2024 |
Introduction
Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion.
Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover. Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.
Career Overview
After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989.
In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project.
In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.
Making Billions
After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion. Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry.
In December 2004, Zillow was incorporated in Washington and officially launched in February 2006. Upon launch, the site included a home valuation tool, sales history, and value appreciation information. However, the site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic.
By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch.
In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015. All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.
Maintaining Zillow
Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States. However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable.
By July 2020, Zillow became one of the first companies to allow employees to work from home permanently. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021.
Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees.
This didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow.
Now one of the richest people in the world, Rich Barton has a $700 million stake in Zillow and plans to turn it into a home-flipping machine. He’s undoubtedly lived up to his first name, earning billions through his business.
Rich Barton Net Worth
In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion.
Highlights
Here are some of the best highlights of Rich Barton’s career:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Summary
Rich Barton is an American entrepreneur and businessman best known for being the CEO of the Zillow Group.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.
He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship.
What do you think about Rich Barton’s net worth? Leave a comment below.
Entrepreneurs
Russell Simmons Net Worth
What is Russell Simmons’ net worth?
Net Worth: | $340 Million |
---|---|
Age: | 67 |
Born: | October 4, 1957 |
Gender: | Male |
Height: | 1.76 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Dec 1, 2024 |
Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million.
Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957.
He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians.
Career
During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.
From Rap To Riches
The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”
In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.
That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.
Simmons’ Vegan Advocacy
Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.
Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.
His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.
Signing Lil Skies And Jack Harlow
Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.
In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.
To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.
Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.
Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.
Estimated Net Worth
Highlights
Here are some of the best highlights of Russell Simmons’ career:
- Co-founded Def Jam (1983)
- Krush Groove (Movie, 1985)
- Launched Clothing Line (1992)
- Sold Phat Farm (2004)
Summary
Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.
What do you think about Russell Simmons’ net worth? Leave a comment below.
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