Bloomberg Adds $5 Billion to Fortune, Jumps Up Forbes’ Billionaire List

Mayor Bloomberg might be moving out of City Hall next year, but financially, he has never been better.

Forbes magazine’s annual ranking listed the 71-year old New York City mayor as the world’s 13th richest person. Last year he ranked in the 20th spot. In just one year Bloomberg has added $5 billion to his name, bringing his total net worth to about $27 billion, according to Forbes.

The world’s wealthiest man is Carlos Slim Helu, a Mexican business magnate. The Forbes top 20 list also includes Bill Gates, Warren Buffett, the Koch brothers and members of the Wal-Mart empire.

Proving that politics is a rich man’s game, one contender to replace Bloomberg’s mayoral position also made the Forbes’ list: John Catsimatidis, Gristedes owner and Republican candidate, ranked at number 468 with a net-worth of $3 billion.

Men are not the only ones getting richer: Forbes’ list showed gains among wealthy women as well. A total of 138 women made the list, thirty-four more than last year. Liliane Bettencourt, L’Oreal heiress, is the world’s wealthiest woman. The 90-year-old French woman holds the 9th ranking, with a net-worth of $30 billion dollars.

This year 210 new billionaires placed on the annual list. In fact, Forbes reported that a record 1,426 billionaires made its ranking, an increase from 1,226 in 2012. The report comes at an eerie time; just this week, a Youtube video went viral outlining the incredible wealth inequality in America.

The U.S. median household income stands at $51,584, says the Household Income Index.

Mayor Bloomberg’s sudden monetary growth came from a strong performance by Bloomberg LP, the financial service he partially owns. The company’s revenue saw a 4.5 percent increase in 2012.

Bloomberg plans to use his wealth to maintain politically relevant and specifically, to fight gun violence. The mayor spent over $2 million in February to engineer a campaign against former Rep. Debbie Halvorson, a pro-gun congressional candidate in Illinois. A Republican-turned-Independent, Bloomberg’s spending plans for the 2014 congressional races remain unknown. He will, however, continue his philanthropic work. In January 2013, Bloomberg pledged $350 to his alma mater, John Hopkins University, and just last week he announced a $100 million donation to fight polio worldwide.

(New York Daily News)


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