Thomas Secunda

Last updated
Thomas Secunda
Born1954 (age 6566)
Nationality United States
Alma mater Binghamton University
OccupationFounding Partner, Vice Chairman & Global Head of Financial Products & Services of Bloomberg L.P.
Net worthDecrease2.svg US$ 2.8 billion (March 2020) [1]
Spouse(s)Cynthia Cohen Secunda
Children2

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 of the company's board. [2] He has signed Giving Pledge which commits him to donating the majority of his wealth to charity.

Contents

Early life and education

Thomas Secunda was born in 1954 in Bethpage, New York. [3] He graduated from Binghamton University with Bachelor's and Master's Degrees in mathematics. [4]

Career

Beginning his career as a programmer, [5] 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. and Mayor of New York City Michael Bloomberg. [3]

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. [6] 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. [7] As head of Financial Products, Secunda oversees a global staff of 6,000. [8] In July 2011, Secunda was appointed vice chairman of Bloomberg L.P.. [9]

In addition to being one of the four co-founders of Bloomberg L.P., Secunda sits on the board of directors. [10] 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." [5]

Philanthropy

Secunda and his wife Cindy are signatories of the Giving Pledge. [11] The beneficiaries of the couple's charitable giving are primarily organizations that focus on "National Parks, local parks, conservation, healthcare and Jewish causes." [11] [12] Since devastating 2017 hurricane impacted the U.S. Virgin Islands and other parts of the Caribbean, Secunda has been deeply involved in reconstruction efforts there. [13] 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, [14] and on the board of directors of the Manhattan Theater Club. [15] In 2012, he was awarded the Simon Wiesenthal Center's award for his philanthropic work. [16]

Personal life

Secunda currently lives with his wife, Cynthia "Cindy" Cohen, who is also Jewish, [17] [18] and their two daughters in Croton-on-Hudson, New York. [15]

Related Research Articles

Michael Bloomberg American businessman and politician

Michael Rubens Bloomberg is an American businessman, politician, philanthropist, and author. He is the majority owner and co-founder of Bloomberg L.P.. He was the mayor of New York City from 2002 to 2013, and was briefly a candidate in the 2020 Democratic presidential primaries.

Les Wexner American businessman, founder of L Brands

Leslie Herbert Wexner is an American billionaire businessman, the founder and chairman emeritus of L Brands. Wexner grew a business empire after starting The Limited, a clothing retailer with a restricted selection of profitable items, and later expanded his holdings to include Victoria's Secret, Abercrombie and Fitch, Express, and Bath & Body Works. Wexner announced, in February 2020, that he was transitioning from CEO of L Brands into the role of chairman emeritus.

Bloomberg L.P. Financial, software, data, and media company based in New York City

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Ronald Perelman American billionaire businessman and investor

AM General

Mortimer Zuckerman

Mortimer Benjamin Zuckerman is a Canadian-American billionaire media proprietor, magazine editor, and investor. He is the co-founder, executive chairman and former CEO of Boston Properties, one of the largest real estate investment trusts in the US. Zuckerman is also the owner and publisher of U.S. News & World Report, where he serves as editor-in-chief. He formerly owned the New York Daily News,The Atlantic, and Fast Company. On the Forbes 2016 list of the world's billionaires, he was ranked No. 688 with a net worth of US$2.5 billion. As of January 2020, his net worth is estimated at US$ 3.0 billion.

Thomas Pritzker is an American billionaire heir, businessman and philanthropist. A member of the Pritzker family, he is the chairman and chief executive officer (CEO) of the Pritzker Organization (TPO), which manages the various Pritzker family business assets, and the executive chairman of the Hyatt Hotels Corporation.

The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America. Its fortune arose in the 20th century—particularly through the founding and expansion of the Hyatt hotel corporation.

Jonathan Tisch American businessman

Jonathan Tisch is an American billionaire businessman. He is chairman emeritus of the United States Travel Association, a lobbying group, a trustee of Tufts University, and a board member of the Tribeca Film Institute. He is a co-owner, a member of the board of directors, and treasurer of the New York Giants. He served as co-chairman of the 2014 NY/NJ Super Bowl host committee.

Noam Gottesman American businessman

Noam Gottesman is a New York City-based, British-American businessman, former hedge fund manager, and co-founder of GLG Partners. He later entered the restaurant industry, investing in establishments including Eleven Madison Park in New York City. He is also the CEO of TOMS Capital. Gottesman has dual citizenship in the US and UK, and was listed on the 2020 Forbes 400 list of richest people in America, with a net worth of $2.4 billion.

David Rubenstein American financier (born 1949)

David Mark Rubenstein is an American billionaire businessman and philanthropist. A former financial analyst and lawyer, he is a co-founder and co-executive chairman of American private equity firm The Carlyle Group, a global private equity investment company based in Washington, D.C. He is chairman of the Kennedy Center for the Performing Arts, chairman of the Smithsonian Institution, chairman of the Council on Foreign Relations, and president of The Economic Club of Washington, D.C. According to Forbes, Rubenstein has a net worth of $3.2 billion.

Sara Blakely American businesswoman

Sara Treleaven Blakely is an American businesswoman, entrepreneur, and philanthropist. She is the founder of Spanx, an American intimate apparel company with pants and leggings, founded in Atlanta, Georgia. In 2012, Blakely was named in Time magazine's "Time 100" annual list of the 100 most influential people in the world. She was listed as the 93rd most powerful woman in the world by Forbes.

Bill Ackman

William Albert Ackman is an American investor and hedge fund manager. He is the founder and CEO of Pershing Square Capital Management, a hedge fund management company. Ackman is considered by some to be a contrarian investor but considers himself an activist investor.

Nicolas Berggruen Businessperson, billionaire

Nicolas Berggruen is a billionaire investor. A dual American and German citizen, he is the founder and president of Berggruen Holdings, a private investment company and the Berggruen Institute, a think tank that works on addressing governance issues as well as the cultures and philosophies behind political systems. Through the Berggruen Institute he is also a co-founder, with The Washington Post, of the WorldPost, a media publication dedicated to global issues.

Tom Steyer American billionaire, philanthropist and former hedge fund manager

Thomas Fahr Steyer is an American hedge fund manager, philanthropist, environmentalist, liberal activist, and fundraiser. Steyer is the founder and former co-senior-managing-partner of Farallon Capital and the co-founder of Onecalifornia Bank, which became Beneficial State Bank, an Oakland-based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations. Steyer served on the board of trustees at Stanford University from 2007 to 2017. Since 1986, he has been a partner and member of the executive committee at Hellman & Friedman, a San Francisco–based private equity firm.

Brian Chesky

Brian Joseph Chesky is an American businessman, and industrial designer. He is the co-founder and CEO of the peer to peer lodging service Airbnb. Chesky was named one of Time's "100 Most Influential People of 2015".

Howard William Lutnick is an American billionaire businessman, who succeeded Bernard Gerald Cantor as the head of Cantor Fitzgerald. Lutnick is the chairman and CEO of Cantor Fitzgerald and BGC Partners. After losing 658 employees, including his brother, in the September 11 attacks, Lutnick has become known for his charity efforts through the Cantor Fitzgerald Relief Fund, which helps to aid families of the attacks and natural disasters.

Duncan MacMillan is an American mathematician, philanthropist, and businessman known for being one of the four founders of Bloomberg L.P. MacMillan is not to be confused with Whitney Duncan MacMillan, who inherited his billions in agribusiness.

Charlie Zegar is an American businessman and computer programmer known for being one of the four co-founders of Bloomberg L.P.

Joe Gebbia American businessman

Joseph Gebbia Jr. is an American billionaire designer and Internet entrepreneur. He is a co-founder and chief product officer (CPO) of Airbnb. In 2009, Gebbia was listed in BusinessWeek's Top 20 Best Young Tech Entrepreneurs. In 2010, he was named in Inc. Magazine's Thirty under Thirty, and 2013, he was named in Fortune Magazine's Forty-under-Forty.

Robert F. Smith (investor) American billionaire investor

Robert Frederick Smith is an American businessman, philanthropist, chemical engineer, and investor. He is the founder, chairman, and CEO of investment firm Vista Equity Partners. Forbes has named Smith on several business lists, including its list of the 100 greatest living business minds, and the wealthiest people in America. In 2019, Smith pledged to eliminate $34 million of student loan debt for the Morehouse College graduating class that year. For the pledge, he was named "Executive of the Year" at the 2019 PitchBook Private Equity Awards, which recognize individuals in the private equity industry who have made significant donations. He was also recognized as one of the 50 people "who defined 2019" on The Bloomberg 50 List.

References

  1. Forbes: The World's Billionaires - Thomas Secunda March 2, 2020
  2. Business Media (July 13, 2011). "Bloomberg Names Doctoroff CEO". Media Business. Archived from the original on March 19, 2012. Retrieved July 20, 2011.
  3. 1 2 "The 400 Richest Americans". September 17, 2008. Retrieved July 20, 2011.
  4. "Department of Computer Science". Archived from the original on July 18, 2011. Retrieved July 20, 2011.
  5. 1 2 MacSweeney, Greg (March 23, 2011). "In His Own Words: Q&A with Bloomberg Cofounder Thomas Secunda". Wall Street and Technology. Retrieved July 20, 2011.
  6. "Thomas Secunda". Forbes. Retrieved July 20, 2011.
  7. "In His Own Words: Q&A with Bloomberg Cofounder Thomas Secunda".
  8. "Thomas Secunda Bloomberg Bio Page".
  9. New York Times: "Mayor's Ex-Deputy Named Chief of Bloomberg L.P." By BRIAN STELTER July 13, 2011
  10. Loomis, Carol (April 5, 2007). "Bloomberg's Money Machine". CNN Money. Retrieved July 20, 2011.
  11. 1 2 The Giving Pledge: "STATEMENT BY TOM AND CINDY SECUNDA TO 'THE GIVING PLEDGE'" Archived February 26, 2013, at the Wayback Machine June 2011
  12. The Cortland Daily Voice: "Croton Billionaire Thomas Secunda Makes Forbes 400 List" by Jessica Glenza September 21, 2012
  13. Fleischmann, Alan. "All-In Philanthropy: The Story Of Bloomberg LP's Rebuilding Team In The U.S. Virgin Islands". Forbes. Retrieved July 10, 2019.
  14. "Board of Trustees". Intrepid. Retrieved July 20, 2011.
  15. 1 2 Andrea, Shannon. "Thomas F. Secunda to Chair National Parks Conservation Assoc. Board of Trustees". NPCA. Archived from the original on April 15, 2013. Retrieved July 20, 2011.
  16. The Canadian Jewish News: "Feld Carr Feted" April 19, 2012
  17. New York Times: "Paid Notice: Deaths COHEN, BERNARD" April 8, 2002
  18. Temple Israel of Northern Westchester: "Temple Topics" September 2012