Michael Bloomberg was fired from a Wall Street bank after 15 years. He used his $10 million payout to build a $109 billion fortune and has given away $25.4 billion
- Michael Bloomberg was 39 when his 15-year career at Wall Street investment bank Salomon Brothers came to an end in 1981.
- A general partner at the firm, Bloomberg left as Salomon was being acquired by Phibro Corporation and received about $10 million for his stake.
- Rather than use the money to retire or join another Wall Street firm, he put it towards an idea shaped by his years in finance.
Unverified
- Michael Bloomberg was 39 when his 15-year career at Wall Street investment bank Salomon Brothers came to an end in 1981.
- A general partner at the firm, Bloomberg left as Salomon was being acquired by Phibro Corporation and received about $10 million for his stake.
- Rather than use the money to retire or join another Wall Street firm, he put it towards an idea shaped by his years in finance.
Sources: Times of India