Thomas Secunda Biography
Thomas Secunda is an American businessman who is well known for being one of the four co-founders of Bloomberg L.P. media company. He is the vice chairman of the Bloomberg L.P. board. He is also a member of the Giving Pledge, a charitable organization founded by Bill Gates and Warren Buffett, hence, he donates a majority of his wealth to charity.
Thomas Secunda Age
Also known as Tom, Secunda is 65 years old as of 2019. He was born in Bethpage, New York, U.S.
Is Thomas Secunda married? | Thomas Secunda Wife
Yes, Mr. Secunda is married. His wife is known as Cynthia “Cindy” Cohen. She is Jewish just like him. The couple has two daughters and they live together in Croton-on-Hudson, New York.
Thomas Secunda Profession
Before he began working, Secunda studied at the Binghamton University and graduated with Bachelor’s and Master’s Degrees in mathematics. He then began his professional life as a programmer. He also worked for Morgan Stanley investment bank as a fixed-income trader and at Salomon Brothers, another investment bank, as a systems researcher. It was at Salomon that Secunda met and worked with his future business partner and co-founder of Bloomberg L.P., Michael Bloomberg, who also served as the Mayor of New York.
In 1982, Secunda joined three of his former Salomon Brothers colleagues, Charles Zegar, Michael Bloomberg and Duncan MacMillan to start an Innovative Market Systems company. In 1987, they renamed the company Bloomberg L.P. At Bloomberg, Secunda is the global head of the company’s Financial Products and Services and his main 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. In the position of head of Financial Products, Secunda is in-charge of 6,000 global staff or more.
Having been in charge of the company’s financial products, he built its lucrative terminal business. The terminal business accounts for an estimated 80% of Bloomberg LP’s more than $9 billion in revenue. Secunda’s stake at Bloomberg is at 4%.
He became the vice chairman of Bloomberg L.P. in July 2011, after his appointment to the position. He also has the responsibility of sitting on the company’s board of directors.
Thomas Secunda Philanthropy
Thomas and his wife are signatories of the Giving Pledge campaign. The beneficiaries of their charitable giving are primarily organizations that focus on “National Parks, local parks, conservation, healthcare and Jewish causes.” He is deeply involved in reconstruction efforts in the U.S. Virgin Islands and other parts of the Caribbean that were devastatingly hit by a hurricane in 2017.
He was appointed Chairman of the Board of Directors for the National Parks Conservation Association in 2011. 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.
Thomas Secunda Net Worth
The Bloomberg L.P. co-founder is a billionaire. According to Forbes magazine, Secunda is worth $2.9 billion as of August 8th, 2019.