Once Got Fired from Work, But Later Built a $64B Personal Net-worth

His name is Michael Bloomberg.
1996: Got a job in “The Cage” at Salomon Brothers
1981: Fired from Salomon Brothers (age 39)
1981: Co-founded financial information and media company Bloomberg LP
2002: Three-term Mayor of New York City (spending 12 years in all)

2014: Back as CEO of Bloomberg L.P.

2019: Resigned as CEO of Bloomberg L.P to run for president of the US

2020: US Democratic Party primaries Presidential Candidate.

REVIEW SPACE: Of course, the game changer that brought about his wealth was going into entrepreneurship and not sitting in, climbing a dazing ladder as a paid employee. But would entrepreneurship have ever happened, and at the time it did if he was not fired from his job? If Bloomberg had gone into entrepreneurship at another time (possibly years later after he was fired), and he did not follow through on his ongoing project then at Salomon Brothers, would he have achieved the same wealth?

“Just know that in the end, you’re going to be fine and they’re not” … dealing with critics

“Failure can often lead to something better.”

Note: Not all rich and influential people are a ‘success’. And like all normal human beings, our personal, public or private life is not closed until death, it’s still an open book – the past can be re-written in a better future.

OTHERS Who Went Through Similar Life-Space (From Getting Fired from a Job to Getting Wealthy)

  • Oprah Winfrey – Let go from dream job for being ‘dull and stiff’.
  • Steve Jobs – Forced to resign by the Board, from the company he founded.
  • Mark Cuban – Made a big sale, but fired because he won’t listen to his boss.
  • Walt Disney – Fired because he ‘lacked imagination and had no good ideas.’

Check-in: Have you now got the message?

  • “You always pass failure on your way to success.” – Mickey Rooney
  •  “Failure should be our teacher, not our undertaker.” – Denis Waitley
  • “Most great people have achieved their greatest success just one step beyond their greatest failure.”- Napoleon Hill
  • “When you take risks, you learn that there will be times when you succeed and there will be times when you fail, and both are equally important.”- Ellen DeGeneres
  • “Failure is another stepping-stone to greatness.” —Oprah Winfrey
  •  “Failure is a detour, not a dead-end street.” —Zig Ziglar
  • “Failure is not the opposite of success, it’s part of success.” —Arianna Huffington

There were instances when “I wanted to walk out and slam my fist into a lamp post after reading the papers. It was not because of what they said, it was because of what I did or I said that was stupid. It was my mistake that bothered me,”… Michael Bloomberg during years as mayor of New York City.

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