Thomas Secunda’s profile picture

Thomas Secunda

Thomas Secunda’s profile picture
Net worth 2018: $2.71 Billion
Industry: Media
Residence: Croton-on-Hudson, New York
Country: United States
BirthDay: 1954
Children: 2
Education: Bachelor of Arts / Science, SUNY Binghamton
BIOGRAPHY

Thomas Secunda was bornon 1954 in Croton-on-Hudson, New York, United States. Thomas Secunda is #915 in List Billionaires People In The World. Thomas Secunda is a cofounder of financial services and media company Bloomberg LP. He built the company's financial products, most notably its lucrative terminal business. The terminal business accounts for an estimated 80% of Bloomberg LP's more than $9 billion in revenue. He holds a 4% stake in the business and still leads its terminal division. A mathematician by education, Secunda was working in Salomon Brother's systems research department when he met Michael Bloomberg.

NET WORTH STATISTIC
2009

$1.2 Billion

2010

$1 Billion

2011

$1.1 Billion

2012

$1.3 Billion

2013

$1.5 Billion

2014

$1.75 Billion

2015

$1.9 Billion

2016

$2.4 Billion

2017

$2.4 Billion

2018

$2.71 Billion

TIMELINE
Thomas "Tom" Secunda (born 1954) is an American business executive, best known as one of the original four co-founders of Bloomberg L.P. and current vice chairman.Thomas Secunda was born in 1954 in Bethpage, New York. He graduated from Binghamton University with Bachelor's and Master's Degrees in mathematics.Beginning his career as a programmer, Thomas Secunda worked as a fixed-income trader at Morgan Stanley, as well as a systems researcher at Salomon Brothers, where he worked alongside future co-founder of Bloomberg L.P. former Mayor of New York City Michael Bloomberg.In 1982, Secunda joined his former Salomon Brothers colleagues Michael Bloomberg, Duncan MacMillan, and Charles Zegar to set up Innovative Market Systems, later renamed Bloomberg L.P. in 1987. He serves as the global head of Bloomberg’s Financial Products and Services where his primary responsibility is to help Bloomberg develop new features and tools for the Bloomberg Professional service, the company’s primary product, driving 85 percent of its estimated $7 billion in revenue. As head of Financial Products, Secunda oversees a global staff of 6,000. In July 2011, Secunda was appointed vice chairman of Bloomberg L.P. following Daniel L. Doctoroff's promotion to CEO.In addition to being one of the four co-founders of Bloomberg L.P., Secunda sits on the board of directors. When asked about Bloomberg, Secunda has said, "I'm immensely proud of the culture, the people and the company. The product is wonderful and I'm very proud of that as well."Secunda and his wife Cindy are signatories of the Giving Pledge. The beneficiaries of the couple's charitable giving are primarily organizations that focus on "National Parks, local parks, conservation, healthcare and Jewish causes." He supports the American Israel Education Foundation, the American Jewish Joint Distribution Committee, and the UJA Federation. In 2011, Secunda was appointed Chairman of the Board of Directors for the National Parks Conservation Association. He also serves on the board of trustees for the Intrepid Museum Foundation, and on the board of directors of the Manhattan Theater Club.In 2012, he was awarded the Simon Wiesenthal Center's award for his philanthropic work.Secunda currently lives with his wife, Cynthia "Cindy" Cohen, who is also Jewish, and their two daughters in Croton-on-Hudson, New York.
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