Wednesday, 2 March 2016

NO. 8: MICHAEL BLOOMBERG

Michael Bloomberg.

Net worth: $40 billion (£28.7 billion), up $4.5 billion
Origin of wealth: Bloomberg LP
Age: 74
Country: United States
• Moves up six spots; was ranked 14th richest in 2015.
• Displaces David Koch as New York City’s richest resident for first time in six years.
• Since returning as Bloomberg LP's CEO in early 2015, he's shaken up the media part of the business with staff changes and reported layoffs as it has refocused on its core coverage area: business and financial news.
• Financial data and media firm Bloomberg LP’s estimated revenues rose 3% in 2015 to $9.3 billion.
• Indicated he might run for U.S. president but so far has not declared himself a candidate.

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