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Charles Zegar

Charles Zegar

C. Zegar
5.98% | + $230.00M
$4.08 B ₹ 37,062 Cr
Real Time Net Worth #1036 Ranking as of 21 Feb 2026 By Forbes

More on Charles Zegar

Gender

Male

Age

78Y

Country

United States

Born On

January, 1948

Deceased

No

Relationship Status

Married

Children

2

Education

New York University - PhD In Computer Science

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Financial Data)

Primary Organization

Bloomberg L.P.

Titles

Co-Founder

Sources of Wealth

Bloomberg L.P.

Industry

Technology, Finance, Media

About Charles Zegar


C harles Zegar is a computer scientist and one of the four co-founders of Bloomberg L.P., the global financial data, media, and software company. With a PhD in computer science, Zegar was a key technical mind behind the development of the iconic Bloomberg Terminal, the product that revolutionized the financial information industry.

In 1981, Zegar, along with Michael Bloomberg, Thomas Secunda, and Duncan MacMillan, founded the company after they were all laid off from Salomon Brothers. Zegar was instrumental in designing the software architecture and analytics that made the Terminal an indispensable tool for traders, analysts, and investors around the world. He was responsible for all software development at the company for many years. Though he has since retired from an active role, he remains a major shareholder in the highly profitable and privately held company, which is the source of his multi-billion dollar fortune.

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Quick Reads


  • A co-founder of the financial data and media giant Bloomberg L.P.
  • Founded the company in 1981 with Michael Bloomberg, Thomas Secunda, and Duncan MacMillan.
  • A computer scientist, he was a key architect of the Bloomberg Terminal.
  • He previously worked at the investment bank Salomon Brothers.
  • His fortune is derived from his minority stake in the private company.

Early Life and Background


Charles 'Charlie' Zegar is an American businessman, computer programmer, and billionaire, best known as one of the four co-founders of Bloomberg L.P., the global financial data and media giant. Born in New York City in 1948 to a Jewish family, his mother was a musical comedy performer and opera singer, and his father was a subway conductor for the New York City Transit Authority.

Zegar's academic background is deeply technical: he earned a Bachelor of Arts and Science from Long Island University and a Master of Science (M.S.) in computer science from New York University (NYU). His career began in finance, where he worked at Salomon Brothers, the investment bank, and met his future partner, Michael Bloomberg. This fusion of financial expertise and computer programming talent was the essential catalyst for his multi-billion dollar venture.

Career Journey of Charles Zegar


Charles Zegar co-founded Innovative Market Systems (later renamed Bloomberg L.P.) in 1982 with Michael Bloomberg, Tom Secunda, and Duncan MacMillan. The foundational idea was to build a specialized computer terminal that could provide real-time market data, news, and analytics to Wall Street traders—a revolutionary concept at the time. Zegar immediately took on the crucial role of leading Bloomberg's software development efforts.

His technical expertise was instrumental in building the initial architecture and continuous innovation of the Bloomberg Terminal, the essential software and hardware platform that is now ubiquitous on Wall Street and in financial institutions globally. Zegar's commitment to the company was total; he became a major shareholder and, despite the company's massive size and valuation, maintained a relatively low public profile, focusing on the technical integrity of the core product. His wealth, now managed through his family foundation, is immense, secured by his early founding stake in the private financial data monopoly.

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Charles Zegar's Timeline


1982:

Co-founds Innovative Market Systems (later Bloomberg L.P.) (Founding).

1982–Ongoing:

Leads Bloomberg's software development efforts (Technical Leadership).

2010s:

Becomes a signatory of The Giving Pledge (Philanthropic Commitment).

Ongoing:

Serves on the board of trustees for New York University (NYU) (Civic Role).

Ongoing:

Maintains his role as a major founding shareholder in Bloomberg L.P. (Financial Status).

Major Business Ventures and Investments


Charles Zegar's wealth is rooted in his founding equity stake in the privately held, global financial data behemoth, Bloomberg L.P.

  • Bloomberg L.P. (Co-founder & Shareholder): The core private asset, a dominant provider of financial data, software, news, and analytics via the Bloomberg Terminal.
  • Software Development Leadership: His primary contribution was leading the development of the company's proprietary software and technical platform from its inception in 1982.
  • Zegar Family Foundation: The primary vehicle for his philanthropic and charitable activities.
  • Real Estate and Private Investments: His capital is managed through diversified private holdings, ensuring long-term stability and growth.

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Philanthropy and Social Impact


Charles Zegar is a dedicated philanthropist, having signed the Giving Pledge, committing to donate the majority of his wealth to charity. His giving is structured through the Zegar Family Foundation and often supports education, public health, and cultural institutions.

He serves on the board of trustees for New York University (NYU), reflecting a commitment to his alma mater and educational advancement. His structural social impact is the creation of the Bloomberg Terminal, a technology that fundamentally standardized and professionalized the flow of financial data for the global markets.

Fashion, Style, and Lifestyle


Charles Zegar maintains the simple, highly intellectual, and private style of a computer programmer billionaire. His attire is consistently professional and understated, favoring classic business wear. His aesthetic is anti-glamour, reflecting his focus on the technical integrity of the Bloomberg Terminal.

Residing in New York City, his luxury is the immense security and autonomy derived from his multi-billion dollar fortune. His life is defined by his commitment to his founding company and his philanthropic mission, balancing the logic of computer science with the immense power of global finance.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is a co-founder of Bloomberg L.P., the financial data giant.
  • He was the chief architect who initially led Bloomberg's software development efforts.
  • His father was a subway conductor for the New York City Transit Authority, and his mother was an opera singer.
  • He is a signatory of The Giving Pledge.
  • He holds a Master of Science degree in computer science from NYU.
  • He met Michael Bloomberg while both were working at Salomon Brothers.
  • His wealth is tied to the successful monopolization of real-time financial data.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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