This makes Micheal Bloomberg $8 Billion a year

Bloomberg’s edge is showing how organizing complex financial information at scale can turn data into a massive business. In this reel, the speaker explains that on one side are the companies that supply General Motors, and on the other side are the companies that buy its output, usually cars. The screen also shows the indexes GM belongs to, the companies that compete with it, the major shareholders, the analysts who track it, the board members, and even the employees inside the company. When asked why nobody else has built this, the answer is simple: it would be too expensive for most individual companies, but it makes sense for Bloomberg because this is their core business. The clip closes by pointing out that 325,000 professionals pay $25,000 a year for this kind of information, which works out to roughly $8 billion. Big opportunities often come from packaging information in a way that saves other people time, money, and effort. When you become the source people rely on, you stop selling data and start selling leverage. Subscribe to @thewealthrive to grow smart every day. #Bloomberg #FinancialData #BusinessModel #wealth #financialfreedom