"he's the only member of the Top 20 [BILLIONAIRES] whose net worth has risen during the past year"
NEW YORK (CBS) ― In a crippled economy that is seeing even the richest people on the planet losing large percentages of theirworth, only New York City Mayor Michael Bloomberg has been able to weather the financial storm.
According to Forbes magazine, this year there are fewer billionaires on the planet, and the richest people in the world have gotten poorer. In the magazine's 2009 list of the wealthiest people, the total number of billionaires fell to 793 from 1,125.
Not since 2003 has there been a drop from year to year.
Yet, there's Bloomberg at No. 17. The mayor makes a salary of $1 per year, but he's the only member of the Top 20 whose net worth has risen during the past year. According to Forbes, this is due to a re-evaluation of Bloomberg LP: Bloomberg bought a 20 percent stake from cash-strapped Merrill Lynch last July for $4.5 billion.
Bloomberg, the man who refused to move into Gracie Mansion after being elected mayor, is still living as large as ever. He has expanded his posh East 79th Street townhouse, quietly buying up four of the six apartments in the building next door.
The mayor's home is now 12,500 square feet. To put it in perspective, media mogul Rupert Murdoch lives on Fifth Avenue ... in 8,000 square feet.
NEW YORK (CBS) ― In a crippled economy that is seeing even the richest people on the planet losing large percentages of theirworth, only New York City Mayor Michael Bloomberg has been able to weather the financial storm.
According to Forbes magazine, this year there are fewer billionaires on the planet, and the richest people in the world have gotten poorer. In the magazine's 2009 list of the wealthiest people, the total number of billionaires fell to 793 from 1,125.
Not since 2003 has there been a drop from year to year.
Yet, there's Bloomberg at No. 17. The mayor makes a salary of $1 per year, but he's the only member of the Top 20 whose net worth has risen during the past year. According to Forbes, this is due to a re-evaluation of Bloomberg LP: Bloomberg bought a 20 percent stake from cash-strapped Merrill Lynch last July for $4.5 billion.
Bloomberg, the man who refused to move into Gracie Mansion after being elected mayor, is still living as large as ever. He has expanded his posh East 79th Street townhouse, quietly buying up four of the six apartments in the building next door.
The mayor's home is now 12,500 square feet. To put it in perspective, media mogul Rupert Murdoch lives on Fifth Avenue ... in 8,000 square feet.
posted by bluesclues at 7:21 AM
0 Comments:
Post a Comment
<< Home