The Source of Bloomberg's Big Bucks

[mystery-ak]

February 25, 2020
The Source of Bloomberg's Big Bucks
By Jon N. Hall

As of November 2019, Democrat presidential candidate Michael Bloomberg was “the 12th richest person in the world, with a net worth estimated at $61.8 billion.” That quote came from this paragraph, which also gives one a sense of how quickly Mr. Bloomberg’s net worth has grown. On Valentine’s Day 2020, Forbes’ profile listed Bloomberg as the 8th richest person in America, and the magazine’s “real time net worth” gizmo calculated his wealth at $62.8B. Pretty soon we’re gonna be talking “real money.”

In March of 2009, Forbes pegged Bloomberg’s wealth at $16B, a $4.5B bump-up from the previous year, and “the world's biggest increase in wealth in 2009.” And that, mind you, happened during the financial crisis. Do a little math, and one sees that since 2008 Michael Bloomberg’s wealth has more than quintupled.

But just how did Mr. Bloomberg amass so much money? Well, it seems Mike has a product: the Bloomberg Terminal, a computer system widely used by the financial-services industry. In December, Vox ran “How Mike Bloomberg made his billions: a computer system you’ve probably never seen” by Emily Stewart. To subscribe to Bloomberg Terminal, go to the Bloomberg Professional Services division of the company, but know that it will set you back about “$20,000 to $25,000 per seat per year for fast access to information and the tools available with the proprietary trading platform.”

more
https://www.americanthinker.com/articles/2020/02/can_you_program_joe.html

[PeteS in CA]

Earlier thread about this topic, http://www.gopbriefingroom.com/index.php/topic,392491.0.html .