10 Wealthiest Americans and How They Got Rich

8) Michael Bloomberg

Michael Bloomberg ranks 8th on our list for the wealthiest American. He grew up in Medford, Massachusetts and put himself through John Hopkins with a degree in electrical engineering. He also earned an MBA from Harvard. Afterwards, Bloomberg landed a job at Salomon Brothers in New York City. He worked his way up and was named partner in 1972. In 1981 the company let Bloomberg go. Bloomberg then decided to take his knowledge and make his own company. It was first called Innovative Market Solutions, but was changed to Bloomberg LP shortly after. The company’s goal was to make it easier for traders to wade through data. By 1989, the company was worth 2 billion. Bloomberg then began to branch out into other types of media that included Bloomberg News and Bloomberg TV. By this time Bloomberg had amassed his wealth, and ran for the mayor of New York City in 2001. He won. After his mayoral years he is still a part of Bloomberg LP. He still has the desire to be successful and work towards a rich reward.