All of the world’s richest people are listed on the Bloomberg Billionaires Index, with the exception of the former three-term New York mayor’s vast fortunes.
Michael Bloomberg has amassed a fortune of $106 billion, placing him outside the top 10 of Forbes magazine’s list of the world’s richest people, but Google co-founder Larry Page and Sergey are ranked 10th with $114 billion. – He is in the same stratosphere as Mr. Brin (11th place with $114 billion). 110 billion dollars)
Next up, according to Bloomberg forbes calculationsThe 82-year-old had estimated sales of $13 billion last year, thanks to an 88% stake in Bloomberg LP, the financial-focused media company he founded in 1981.
However, the Bloomberg Billionaires Index ranks only Michael Dell, CEO of Dell Technologies, in 12th place, with a net worth of $106 billion.
The Bloomberg news site says, “Bloomberg LP’s editorial policy is not to report on it.”
“As a result, Michael Bloomberg, founder and majority owner of Bloomberg LP, is not considered as part of that.” methodology The unique Bloomberg Billionaires Index.
A Bloomberg News spokesperson declined to comment beyond the methodology.
The newspaper has contacted the former mayor for comment.
Mr. Bloomberg, who founded the media company after working for Salomon Brothers for 15 years before being fired from a now-defunct bank, owns the assets of Nvidia CEO Jensen Huang (770 billions of dollars), which exceeds the total amount of major companies such as: CVS Health ($93 billion) and Ford ($53 billion).
The self-made billionaire’s fortune is heavily invested in philanthropy, including donating $3 billion in 2023 to support programs aimed at improving the arts, education, environment, public health, and city government. Even as donations tripled from $35.5 billion in 2015 alone. Around the world, according to Forbes magazine.
The Boston-born businessman, who ran unsuccessfully for the 2020 Democratic presidential nomination, has donated more than $17.4 billion to gun safety, climate change, education and other causes during his lifetime.
Additionally, he has already pledged to donate his Bloomberg LP shares to Bloomberg Philanthropies upon his death, if not sooner, Forbes reported.
Another sizable portion of Mr. Bloomberg’s fortune is his property, which includes eight properties in New York, as well as several properties in London, Florida, Colorado, and Bermuda, where locals call him a part-time resident. The company’s impressive real estate portfolio.to vanity fair.
While serving as mayor from 2002 to 2013, Mr. Bloomberg made disclosures about his home, including that his primary residence at the time of his retirement was a Beaux-Arts building on East 79th Street, just off Central Park. The property was purchased in 1986 for $3.5 million.
He has since spent about $1.7 million more renovating the five-story, 7,500-square-foot townhome, according to Vanity Fair.
In the building next door, they have purchased five of the six units and are aiming to make it into a “double-wide mansion.” It wasn’t immediately clear what he bought the apartments for, but he reportedly paid $14 million for one of them in 2016.
A few blocks down Park Avenue, Mr. Bloomberg also owns a $3.8 million condo he bought in 2000 in one of Donald Trump’s buildings, and another Beaux-Arts building on East 78th Street. He also owns a mansion, which he bought in 2006 for $45 million, Vanity Fair reported. — Full amount by check.
Mr. Bloomberg also owns a 22,000-square-foot Hamptons property that he calls his “retreat,” as well as several homes in Westchester, and a spokesperson said he currently primarily cares for his two daughters and grandchildren. He told Vanity Fair that his family members, including:
