As Donald Trump into the White house moved in, it sounded from all sides, there had never been a wealthy and limber President and a hard-to-Empire Cabinet. According to "Forbes" brought Trumps Minister in mid-2019 3.2 billion dollars on the balance, $ 100 million more than Trump himself is worth ($3.1 billion).

rich Michael Bloomberg

But it should be Michael Bloomberg, the democratic candidate, and Trump actually in the office, would this record waste. Bloomberg alone has the "Forbes" according to 65.1 billion US dollars, and thus contain ten times as much as Trump and his Cabinet. For its assets, Bloomberg was already under attack by his rivals for the Democrats. They throw him to the office to buy. Because Bloomberg does not hesitate to be assets for election campaign use. On tedious collecting donations, he is not dependent. "Donald Trump get rid of - this has the highest priority," he says. For several hundred million dollars of the 78-Year-old had already commercials switch and it is ready to spend even more.

But where has Bloomberg ever make his billions? The news Agency and the magazines under his own name are likely to be many people are familiar with. But the more important Business of the Bloomberg group are not media but data.

Bloomberg was already looking back on a remarkable career, before he started with the company right through. Because of the 1942-born and in the vicinity of Boston, who grew up Bloomberg previously worked at the investment Bank Salomon Brothers, then a fixed size on Wall Street. Until the Partner brought it to Bloomberg, before he had to go in 1981, after the Takeover of the Bank.

With the "Market Master" it all started

As geschasster Partner to Bloomberg, but got a "Golden parachute" in the amount of ten million dollars. With the money he founded in the same year, the data provider of Innovative Market system, from the giant Bloomberg L. P., was formed. Along with the networking and the data the company offered the first Terminal to the "Market Master".

With his idea Bloomberg hit the nerve of the time. As a first small businessman, he worked in the Era of computerization, the financial industry faster and more flexible than time, such as today's rivals, such as Thomson Reuters. Today, of 325,000 of the most influential decision-makers use, according to the company "" the Bloomberg Terminal.

even If every Internet-enabled device can be used to access the data treasure bloom Bergs used, in particular, the in-house keyboard bloom Bergs with color-coded extra features and a fingerprint scanner to use in the case of investment professionals.

More than just courses

it is not just to seconds current rate data. Bloomberg's wealth of Data is far greater. So cargo ships can be with the Terminal, for example, real-time tracking. Also in-house analysis of the 20,000 employees, provides a summary of the group. And before a message of the Agency is accessible to everyone, read the Terminal user, you a long time ago.

to the Messaging network for professionals is also appreciate. Especially in the case of assets that are traded predominantly by traders personally, if a Terminal is therefore virtually a Must. "Whether you generate ideas, perform research, or a Trading Partner's want to find it [the Terminal] gives you a head start", says Bloomberg. With Stock Selection in Europe, you will be able to achieve excess Returns with the System. You put on the strongest trend signals from Germany and Europe. Long and Short. So make your investment a success, regardless of the DAX level. (Partner quote) Here is an exclusive free trial!

cheap, this Service is not. $ 24,000 of access per year and per user costs, customers with two or more additions are still paying $ 20,000 a year for each individual Terminal. Who wants to be a player in the pros, one does not get such prices but. The competitive product Eikon Thomson Reuters is the cost of the professional setup also stately of 22,000 dollars.

Bloomberg is considering the sale of its shares

At such prices, it's hardly surprising that the group is enormously profitable. Allegedly, the group has a profit margin of 37 percent and has made, according to estimates by the analysis firm Burton-Taylor in the last year, 10.5 billion dollars in sales. To the group that you want to be up to 60 billion dollars, considers Bloomberg a lion's share of 88 percent.

A large part of its assets, Bloomberg owes so his sense of the value of data. In addition, Bloomberg is a politician, known. From 2002 to 2013 he held the mayor's office in New York. His company, back then he was a fiduciary to manage, which would be up to a possible sale of a provisional Option, he should move actually to the White house. With the stock recommendations of the Bernecker exchange-compass, you can get more out of your money! (Partner activity) 30 days free to try!

However, this seems currently unlikely. Survey data from the "New York Times" estimated that currently only 15 percent of the voters Bloomberg, as a candidate of the Democrats, after the former Vice President Joe Biden (16 percent) and far behind the social Democrats, Bernie Sanders (28 percent).

according to "Forbes" currently the eight richest person in the world has Reached but basically enough. On the billionaire list, the Bloomberg Billionaires Index, not the business man because of the internal editorial policy, by the way, even as little as Donald Trump, and has not wealth enough to make it in the to 500 persons, limited rankings.

also read: long-term investments - Make you more away of your money: The best savings ideas for the next ten years

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