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Billionaire Mike Bloomberg was fired after dedicating 15 years of his career to Salomon Brothers—the next morning, he founded his media empire

Summary by Fortune
Mike Bloomberg started at Salomon Brothers as a clerk making $9,000 a year, making his way up to partner, before getting the boot. He has no hard feelings, and learned critical lessons from the rejection.

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Fortune broke the news in New York, United States on Tuesday, September 23, 2025.
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