If you don’t encounter setbacks in your career, if you don’t have doubts and disappointments, let me tell you, you’re not dreaming big enough – By Michael Bloomberg.
Michael Bloomberg is respected as a Successful Entrepreneur (CEO of Bloomberg L.P.) & Philanthropist all over the world.
As of July 2019, his net worth is more than 54 billion dollars making him one of the richest persons in the world.
As rightly said by the man himself, if you do not have aspirations and you don’t face setbacks, you are not dreaming big.
Michael Bloomberg is a man who has inspired many people to focus on dreams.
Michael Bloomberg’s Top 10 Rules For Success
Being a business person, author, politician, and philanthropist, the man has surely achieved a lot in life.
- The vision to succeed
It is not only about the right kind of motivation but it’s about the will to succeed.
The success that attributes is because of dedication and hard work you put in.
Michael Bloomberg’s journey is surely an inspiration for many young entrepreneurs.
He is not only grounded but also lives his life with discipline and that inspires many millennial’s even today.
Former New York mayor, founder of global financial services company Bloomberg L.P, Michael Bloomberg believes that changes are inevitable; you need to go through the change to move ahead.
He believes no person can achieve success without major failures.
Mayor Bloomberg On Hard Work | Founder Stories
It is great to emulate this thought to achieve the success that you desire in your life.
- Early life of Bloomberg
Born on Feb. 14, 1942, Medford, Massachusetts, Bloomberg majored electrical engineering at Hopkins and received an MBA degree from Harvard.
He started as an employee but became a partner at Solomon Brothers.
Coming from the middle-class background in the initial years, he paid his school fee through loans and worked as a parking lot attendant.
In the year 1981, he started his own company Bloomberg L.P that caters to financial information (computer).
It truly revolutionized the way securities data was consumed and stored in the system.
The company started with one room office and branched out into various media businesses with 100 offices worldwide.
Bloomberg used the money from his severance package, formed innovative market systems in 1982, and served as its CEO. He then acquired Merrill Lynch, wealth management system of Bank of America.
Bloomberg rose to ranks of the Solomon that surpassed sales and trading before heading up the firms IT system.
Today, Bloomberg is a global company that employees thousands of people all over the world.
- One Person Many Roles
Michael Bloomberg has served three times as a Mayor of New York.
He entered the political circuit way back in 2002.
He won the election and became 108th mayor of New York.
He has been a liberal Republican since the beginning and the first thing he did was legalizing same-sex marriages.
He successfully established 311 emergency telephone line that put callers of New York in direct contact with the city.
The line was started allowing people to report crimes and other civic problems.
In 2005, he was re-elected as a mayor of New York. In the year 2008, he pushed through legislation that allowed him to serve for the third term as a mayor.
Bloomberg secured a four-year term in the year 2009.
Bloomberg supported progressive views as a Mayor.
He supported abortion rights and citizenship for illegal immigrants.
His main emphasis was always on public welfare and free trade.
- Philanthropist approach
On Jan 2014, he stepped down of his political duties and focused on philanthropist duties.
As a philanthropist, Michael Bloomberg has donated more than 2.5 billion dollars to philanthropic causes in arts, education, environment, public health, and government innovation.
In fact, the donation list has placed him in the top 50 philanthropists of America.
He has donated Princeton University, which also has a dorm named Emma Bloomberg hall dedicated to his daughter who graduated from the same university.
As a co-author, he worked on a book about climate change.
He co-authored the book with Carl Pope.
The book is about promising climate change solutions and ways to achieve them.
It talks about practical steps to achieve the same.
The book is about tackling global warming and how to make the world a better and healthy place to live in.
- The Global Philosophy of Change – Bloomberg LP
Bloomberg is the vital nervous system of global finance.
The prime focus of the company is building solutions and products that are needed for the 21st century.
The objective is to connect a dynamic network of people to major decision makers.
Bloomberg has employed more than 20,000 people in 167 locations around the world.
More than 5000 technologists and engineers work at Bloomberg.
There are lacs of subscriptions globally.
Well, this is surely a success story of a man that can’t be written off ever.
A true story of how an ordinary man with a vision can turn to the most influential man globally.
Michael Bloomberg always believes in diversity and inclusion.
The product development caters to various clients around the world.
The company is built on innovation that helps to yield bigger results. It works on promoting creative ideas and focuses on client relationship globally.
Bloomberg TV was launched to focus pressure points of the social change and business behind dynamics.
Michael Bloomberg works on the measurement approach for sustainability.
In fact, he believes that if you can’t measure it, you can’t really manage it.
Bloomberg strives to decouple the company growth from the harmful environmental impact.
The target is to reduce emissions by almost 20% by the year 2020.
Increase the renewable energy source by the year 2025.
The company aims to invest in energy efficient buildings to meet sustainable building standards.
The company strives to improve its operational flexibility as well.
Mike Bloomberg Shares Advice With Small Business Owners
- Bloomberg Philanthropies
Michael Bloomberg is a philanthropist so nearly all the profits from the company go to Bloomberg Philanthropies.
It’s dedicated to improving and saving lives all around the world.
From advancing innovation in art and craft to inspiring the next generation through Bloomberg startup education, from sustainability to media initiates, the company has done a lot in inspiring others.
Michael Bloomberg has donated more than 6 million dollars on worldwide causes.
In the year 2018, he distributed about 767 million dollars.
Success with humility is rear; Bloomberg is not only a successful entrepreneur but also a compassionate humanitarian.
This inspires you to do things for others and indulge in charity to make the world a better place to live in.
Michael Bloomberg always believes in empowering lives with his choices. And, his donation and charity work has made him a big name among the top philanthropists of the world.
- Bloomberg- The Growth in Earnings
The net worth of Michael Bloomberg is more than 54 billion dollars as of July 2019.
He is the sixth richest man in America and 9th richest person in the world.
He retains a stake of 88% in the company that is grown to full media business and financial products.
Bloomberg broke every record with the donation of 1.8 billion dollars to the John Hopkins financial aid program.
As a mayor of New York, he used to take an annual salary of one dollar.
According to Forbes, his net worth has only increased over the years. In 2012, it was 25 billion dollars.
In 2015, it was 35.4 billion dollars. In 2018, it was 51.8 billion dollars. As an active philanthropist, he has donated more than 5 billion dollars to climate changes and other causes.
Michael Bloomberg plans to spend 500 million dollars to defeat Donald Trump by the year 2020.
- The Achievements of Michael Bloomberg
Michael Bloomberg has received many awards in his career as an entrepreneur and philanthropist.
In the year 2003, he received an award in distinguished leadership of global capital market from the prestigious Yale School of Management.
In the year 2008, he received hundred-year association of New York gold medal for outstanding contributions to New York City.
In 2009, he was honored with a doctorate of laws from the University of Pennsylvania. He also received a healthy community leadership award in the year 2009.
In 2013, Bloomberg was chosen as an inaugural laureate of the Genesis Prize.
In the year 2014, he was awarded Honorary Knight Commander of the Order of the British Empire by Queen Elizabeth II.
In March 2017, Bloomberg was ranked sixth in the list of Most Influential Philanthropists and Social Entrepreneurs.
- The Life under Wraps
Michael Bloomberg married Susan Elizabeth Barbara Brown in the year 1975. But, the couple divorced in the year 1993.
He has two beautiful daughters Georgina Bloomberg and Emma Bloomberg.
He has been in a relationship with Diana Taylor since 2000.
He loves coffee and savors pizza the most.
He is fond of shiny metal and futuristic toys. He is extremely fond of helicopters and is said to be an excellent pilot.
He received his flying license in the year 1976. On the real estate front, he has more 15 houses all around the world.
His home is based in a five-story townhouse on Manhattan’s Upper East Side.
- Michael Bloomberg Personality- The Right Approach
Michael Bloomberg has a direct approach to life.
He is not the person who’ll fool around.
He is controlled and disciplined and that has helped him achieve a lot.
Success is a framework of discipline and hard work. Having these qualities can help you go far in life. He has a set fitness regime that helps him to maintain that discipline in life.
He is a tad approachable and has a great sense of humor too.
He is not only smart at taking decisions but also highly knowledgeable with things.
He has a zest to achieve in life but at the same time, he believes in charity too.
He believes in empowering the lives of people with good causes and that makes him a great humanitarian. His life is truly inspiring and that’s the reason he is the role model for young people.
Michael Bloomberg | Talks at Google
Success Tips in Life – By Michael Bloomberg
- Preference matters
Every successful entrepreneur has a success story. Michael Bloomberg has also believed in his set of principles.
According to him, one needs to build a product that the customers want, the preference and taste matters for the product.
Monetization and defending plays an equally important role. It’s important to build the right kind of opportunities for the framework.
- Perceive & receive
The way you perceive is the way you receive in life.
Your product should speak for it is what Bloomberg believes in.
This also implies for startups and small business organizations who want to grow their business.
The business model works according to your plan, so implement it.
- Embrace failures
Bloomberg always emphasizes on failure.
You need to deal with it in a proper way.
Your business cannot succeed unless there is a failure.
There are ups and there are downs, the way you embrace the downs is important.
His approach is to rightly accept failure as it.
- Accept and overcome
With acceptance, you’ll move to the second step of overcoming that failure.
Once you overcome it, you’ll be able to find solutions for it and then success will come your way.
The message is clear that accept failures in the same way you accept success. Both are connected so you need to keep an open mind.
- Recruit smart people
Bloomberg believes that it’s important to hire smarter people for work.
He actually believes in recruiting people who are smarter than him.
Smarter people in the workforce are above to solve the problem and find a solution easily.
- Stay positive
He also advised that one should not take negative comments in mind.
Negative comments are a part of life when you wish to succeed.
No force should push you back or compel you back. You must be smart enough to stay positive and do not get affected by negativity.
- A Great Inspiration,
Michael Bloomberg is a great entrepreneur and a human being.
Apart from being a successful CEO of Bloomberg (Current period), he is also good with charity. He always works for the welfare of people around.
He had contributed a lot when he was the Mayor of New York. This great magnate has the determination to excel in whatever he does.
Apart from all the setbacks and things in life, what matters is the way to approach things.
When your approach is positive, you’ll succeed in whatever you do.
He is truly a self-made man who has achieved so much with his determination to excel.
Michael Bloomberg is a man with a successful vision and philanthropic approach towards life.