Thomas Secunda

Last updated
Thomas Secunda
Born1954 (age 70–71)
Bethpage, New York, U.S.
Alma mater Binghamton University
Occupation(s)Co-founder & vice chairman, Bloomberg L.P.
SpouseCynthia Cohen Secunda
Children2

Thomas "Tom" Secunda (born 1954) is an American billionaire businessman, best known as one of the four co-founders of Bloomberg L.P. and its vice chairman. [1] As of May 2022, his net worth was estimated at US$4.1 billion. [2] He has signed Giving Pledge which commits him to donating the majority of his wealth to charity.

Contents

Early life

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] He is Jewish. [5]

Career

Beginning his career as a programmer, [6] 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. [7] 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. [8] As head of Financial Products, Secunda oversees a global staff of 6,000. [9] In July 2011, Secunda was appointed vice chairman of Bloomberg L.P. [10]

In addition to being one of the four co-founders of Bloomberg L.P., Secunda sits on the board of directors. [11] 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." [6]

Philanthropy

Secunda and his wife Cindy are signatories of the Giving Pledge. [12] The beneficiaries of the couple's charitable giving are primarily organizations that focus on "National Parks, local parks, conservation, healthcare and Jewish causes." [12] [13] 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. [14] In 2012, he was awarded the Simon Wiesenthal Center's award for his philanthropic work. [15] He is one of the major donors to Empire AI, a consortium started by the New York state legislature in which top public and private academic institutions from the state will have access to the hardware that is supposed to enable them to "address the growing imbalance in computing power between industry and academe and to orient the future of AI development toward the public good." [16]

Personal life

Secunda lives with his wife, Cynthia "Cindy" Cohen, who is also Jewish, [17] [5] and their two daughters in Croton-on-Hudson, New York. [18]

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References

  1. ↑ Business Media (July 13, 2011). "Bloomberg Names Doctoroff CEO". Media Business. Archived from the original on March 19, 2012. Retrieved July 20, 2011.{{cite news}}: |last= has generic name (help)
  2. ↑ "Forbes profile: Thomas Secunda". Forbes. Retrieved May 1, 2022.
  3. 1 2 "The 400 Richest Americans". September 17, 2008. Archived from the original on January 23, 2013. Retrieved July 20, 2011.
  4. ↑ "Department of Computer Science". Archived from the original on July 18, 2011. Retrieved July 20, 2011.
  5. 1 2 Temple Israel of Northern Westchester: "Temple Topics" September 2012
  6. 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.
  7. ↑ "Thomas Secunda". Forbes. Retrieved July 20, 2011.
  8. ↑ "In His Own Words: Q&A with Bloomberg Cofounder Thomas Secunda".
  9. ↑ "Thomas Secunda Bloomberg Bio Page". Bloomberg News .
  10. ↑ New York Times: "Mayor's Ex-Deputy Named Chief of Bloomberg L.P." By BRIAN STELTER July 13, 2011
  11. ↑ Loomis, Carol (April 5, 2007). "Bloomberg's Money Machine". CNN Money. Retrieved July 20, 2011.
  12. 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
  13. ↑ The Cortland Daily Voice: "Croton Billionaire Thomas Secunda Makes Forbes 400 List" by Jessica Glenza September 21, 2012
  14. ↑ Fleischmann, Alan. "All-In Philanthropy: The Story Of Bloomberg LP's Rebuilding Team In The U.S. Virgin Islands". Forbes. Retrieved July 10, 2019.
  15. ↑ The Canadian Jewish News: "Feld Carr Feted" April 19, 2012
  16. ↑ Bala, Kavita (January 7, 2025). "How Academe Can Compete in the AI Arms Race: It's time we level the playing field with Big Tech". The Chronicle of Higher Education . Retrieved January 8, 2025.
  17. ↑ New York Times: "Paid Notice: Deaths COHEN, BERNARD" April 8, 2002
  18. ↑ 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.
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