Tom Secunda Net Worth & Biography

Tom Secunda is an American businessman and investor based in New York. He co-founded Bloomberg L.P. and currently leads the company as vice chairman of the board and also serves on its Management Committee. Tom was instrumental in building the Bloomberg Terminal, the most powerful technology platform known world over meant for financial professionals seeking real-time info, data, and analytics. Today, the Bloomberg Professional service is known as an indispensable tool for specialists looking to make faster, smarter and more informed business decisions. The Bloomberg Professional service includes multimedia events, portfolio management tools, electronic communications, and order management systems in a single integrated solution. More than 330,000 business and financial professionals subscribe to the service from all corners of the world. Prior to 2015, Tom played the role of the Global Head of Bloomberg’s Financial Products and Services Unit. He managed all aspects of the company, and also led its entry into the enterprise market. Before helping found Bloomberg, he worked as a fixed-income trader as an employee of Morgan Stanley and worked in systems research at Salomon Brothers, working together with Michael R. Bloomberg. More details follow below.

Early Life: Childhood & Education

Thomas Secunda was born in Bethpage, New York, United States, in the year 1954. Not much of his childhood is known as he has never talked about it nor revealed any details about his family in the media. However, we do know that he was brought up in New York City where he completed his high school studies. He attended Binghamton University and graduated from this reputed institution with his Bachelor’s degree in Mathematics. He also completed his Master’s in mathematics at the same university later on.

Professional Life: Business Career

Mr. Secunda is best described as a business executive and technologist. After earning his Bachelor’s and Master’s degrees, he started his career as a programmer at Morgan Stanley where he worked as a fixed-income trader. He later moved to Salomon Brothers where he played the role of a systems researcher.

While working for Salomon Brothers, he met Michael Bloomberg who he quickly connected with and established a friendship that lasted into the future and led to the founding of their combined iconic business.

Secunda joined former Salomon Brothers colleagues Charles Zegar, Duncan McMillan, and Michael Bloomberg to set up a company in 1982 called Innovative Market Systems. It was later renamed Bloomberg L.P. five years later.

Today, Mr Secunda currently heads the Financial Products and Service division at Bloomberg. He is mainly responsible in helping the company develop new features and programs for the Bloomberg professional service as its primary product that resulted in 85 per cent of its $7 billion estimations in revenue. He is also in control of the company’s 6,000 global staff. He was appointed vice-chairman in the year 2011 after Daniel L. Doctoroff was promoted to chief executive officer. In addition, he serves on the company’s board of directors and retains a 4 per cent stake.

Achievements: Awards & Honors

Mr. Secunda is a renowned and respected global leader in financial technology. His path to fame as a dedicated individual is laden with numerous prizes showcasing his accomplishments in the world of business. He was named the top financial technology professional in the world by Institutional Investor magazine for three consecutive years (2012, 2013, and 2014). Likewise, he has also been named in one media publication or another over the last decade, in recognition of his outstanding performances.

Personal Life: Wife, Children, Charity Works

This business executive is a globally recognized philanthropist, and a widely respected environmentalist and conservation advocate. As of this writing, he is known as a Trustee Emeritus of the National Parks Conservation Association and serves as Chairman of the Jamaica Bay-Rockaway Parks Conservancy. He serves on the boards of the Intrepid Museum Foundation, and the Manhattan Theatre Club, where he is the chairman of the Executive Committee and the President of the Board. Likewise, he is a member of the Jacobs Technion-Cornell Institute Advisory Council.

Along with his wife of many years, Cindy, Mr. Secunda heads the Secunda Family Foundation which focuses on Jewish causes, health, education, and the arts. He is also an enthusiastic environmentalist who sits on the boards of many organizations concerned with the environment and conservation, including the Recreation and Conservation Board and the Westchester County Parks.

His marriage to Cindy Secunda has resulted in the birth of two daughters, and the entire family lives together in New York where Tom’s business is based.

Thomas Secunda Net Worth: Salary, Income Sources, Assets

Thomas Secunda’s net worth is around the $2 billion mark. He makes his wealth primarily from the Bloomberg L.P. company which he co-founded along with Michael Bloomberg and two other business partners, Charles Zegar and Duncan MacMillan. Before Bloomberg, Tom’s sources of income included Morgan Stanley where he worked as a fixed-income trader, and Salomon Brothers where he was a systems researcher.

He and his wife Cindy are members of the Giving Pledge as they have promised to give away most of their wealth to the less privileged in the society. According to Forbes.com, Mr. Thomas Secunda is ranked 1031^st on the World Billionaires List, 344th in America, and 47th on the Forbes 400 List.