Michael Bloomberg is worth about $106B but he’s nowhere to be found on Bloomberg’s billionaires rank
The world’s richest people can all be found on the Bloomberg Billionaires Index — except for the wealth of New York City’s former three-term mayor.
Michael Bloomberg has amassed $106 billion fortune, according to Forbes — landing him just outside the top 10 on its list of the worlds top billionaires and in the same neighborhood as Google co-founders Larry Page, who ranks 10th at $114 billion, and Sergey Brin (11th at $110 billion).
Bloomberg’s wealth stems mainly from the 82-year-olds 88% stake in Bloomberg LP, the finance-focused media company he founded in 1981, which has estimated revenues north of $13 billion, Forbes reported.
However, the Bloomberg Billionaires Index only lists Dell Technologies chief Michael Dell’s $106 billion net worth in the No. 12 spot.
Bloomberg’s news site says that its “editorial policy is to not cover Bloomberg LP.”
“As a result, Michael Bloomberg, the founder and majority owner of Bloomberg LP, isn’t considered” as part of its methodology for its own Bloomberg Billionaires Index.
A Bloomberg News spokesperson declined further comment beyond its methodology.
The Post reached out to the former mayor for comment.
Bloomberg, who founded the media company after being fired from Salomon Brothers following a 15-year stint at the now-defunct bank, has a fortune that exceeds that of Nvidia CEO Jensen Huang ($77 billion), and the entire value of major companies like CVS Health ($93 billion) and Ford ($53 billion).
The self-made billionaire’s fortune has tripled from $35.5 billion in 2015 — despite giving a hefty chunk of his sum to philanthropy, including $3 billion in 2023 to support the arts, education, environment, public health, and programs aimed at improving city governments around the world, according to Forbes.
Over the course of his lifetime, the Boston-born businessman — who launched an unsuccessful bid for the Democratic presidential nomination in 2020 — has donated more than $17.4 billion to gun safety, climate change, education and other causes.
In addition, he’s already committed to donating his stake in Bloomberg LP to Bloomberg Philanthropies when he dies, if not sooner, Forbes reported.
Another sizable chunk of Bloomberg’s fortune has gone to his impressive real estate portfolio, which includes eight properties in New York, as well as several properties in London, Florida, Colorado and Bermuda, where locals refer to him as a part-time resident, according to Vanity Fair.
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While serving as mayor from 2002 to 2013, Bloomberg made disclosures about his homes, including that his primary residence when he left office was a Beaux-Arts mansion on East 79th street just steps away from Central Park that he paid $3.5 million for in 1986.
He’s put about $1.7 million more in renovations into the five-story, 7,500-square-foot townhome since, per Vanity Fair.
In the building next door, he’s also bought up five of the six units with the goal of creating a “double-wide mansion.” Though it wasn’t immediately clear what he purchased these apartments for, he reportedly dished out $14 million for just one of them in 2016.
A couple blocks down Park Avenue, Bloomberg also owns a $3.8 million condo he bought in one of Donald Trump’s building in 2000, Vanity Fair reported, as well as another Beaux-Arts mansion on East 78th street, which he bought for $45 million in 2006 — in full by check.
Bloomberg also owns a 22,000-square-foot Hamptons property he calls his “getaway” place, and multiple homes in Westchester, which his spokesperson told Vanity Fair is primarily used today by his family members, which include two daughters and grandchildren.
