Charles Zegar Net Worth is$1.2 Billion
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Profession: Programmer
Nationality: United States of America
Date of Birth: 1948
Place of Birth: New York City
Charles Zegar Net Worth: Charles Zegar is an American billionaire and computer scientist who has a net worth of $1.2 billion. Best known for being one of the four co-founders of Bloomberg L.P., Zegar re-enters the billionaire ranks thanks to the company's revenues of $7.9 billion in 2012. A significant re-positioning from the rise also saw, Michael Bloomberg and Thomas Secunda, Zegar's fellow billionaires and co-founders of the financial data giant. Shortly after he earned his master's degree in computer science at NYU, Zegar became one of the Bloomberg's co-founders building the first terminal for the company. The son of a subway conductor, Zegar soon rose to riches. Being widowed young, he remarried in 2001 with Merryl Snow Zegar. The pair has signed the Gates / Buffett Giving Pledge and they have supported various causes via their Zegar Family Foundation.
Charlie Zegar (born 1948) is an American billionaire and computer scientist known for being one of the four co-founders of Bloomberg L.P.[citation needed]


Zegar was born to a Jewish family, the son of Lillian, a musical comedy performer and opera singer, and Henry Zegar, a subway conductor for the New York City Transit Authority. He earned a Bachelor of Arts and Science from Long Island University and a masters degree in computer science from New York University.
Zegar worked at the investment bank Salomon Brothers with Michael Bloomberg, Thomas Secunda and Duncan MacMillan.[citation needed] After Bloomberg - who was Solomon's the former head of equity trading and sales and then head of computer systems and data - was fired when he opposed the takeover of the company by Phibro, a metals trading company, he invited Zegar, Secunda, and Macmillan to start up their own financial data company.[citation needed] They accepted and together they founded Innovative Market Systems with Bloomberg putting most of the seed capital.[citation needed] Secunda, who was a mathematician, was responsible for gathering and inputting the data; MacMillan was responsible for sales; and Zegar wrote the software.[citation needed] In 1982, they got their first customer, Merrill Lynch who ordered 20 data terminals and invested $30 million in the company (receiving a 30 percent ownership interest).[citation needed] The company grew rapidly thereafter and presently has $7.6B in sales and over 15,000 employees. Bloomberg owns 88% of the company and the three other partners 4% each (In 2008, Bloomberg purchased back Merrill Lynch's original 30% share).
Zegar is a signatory of the Giving Pledge. His Zegar Family Foundation donates to Arts, Culture, Humanities, Education, Environment, Health, Medical Research, Human Services and Religion. Zegar is on the Board of Trustees for New York University
Zegar has been married twice. He is widowed from his first wife. He remarried in 2001

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