When billionaire Michael Bloomberg launched his career after college in the 1960s, he was only making $11,500 a year. To be sure, that was a decent salary back then, and would be equivalent to roughly $114,000 today.
But Bloomberg, fresh off earning a bachelor’s degree from Johns Hopkins University and an MBA from Harvard University, actually had the option to make more. Another company had offered him a $14,000 salary, but he preferred the people he had met at Wall Street investment bank Salomon Brothers.
