How One Invention Helped Michael Bloomberg Become The Richest Mayor In NYC History

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michael bloomberg terminal

AP Photo

Tomorrow, if all goes as polled, Bill de Blasio will be elected as New York City's first new Mayor since 2002.

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That means the end of the Bloomberg era - the end of a billionaire Mayor running the city and collecting a $1 a year for his trouble.

That "salary" is possible because of the Bloomberg terminal.

It's the invention that propelled Michael Bloomberg from a bond trader sweating in his underwear in Salomon Brothers' vaults to a media mogul known the world over for creating Wall Street's must-have machine.