3. Estimated Net Worth

Bloomberg can buy just about anything he wants with an estimated net worth of $33 billion. Not only does he have $33 billion but his fortune has grown considerably since becoming a billionaire. åÊ In 2009 Forbes reported his net worth at $16 billion and a year later at $22 billion. åÊ Mr. Bloomberg is extremely philanthropic and recently pledged $100 million to the Bill and Melinda Gates foundation to eradicate polio. åÊHe also is extremely well versed in global issues and has donated about $53 million to help restore the ocean’s dwindling fisheries, which is a major food source for the world’s poor. åÊDuring his term as mayor, Bloomberg spent $650 million of his own money to be the mayor. åÊHe famously took a salary as mayor of $1.00 per year and did not use any of the government’s money for mayoral activities. åÊHe funded his campaigns and all his expenses himself including expenses such as the $890,000 bill for breakfast and lunch for him and his staffers during his time in åÊoffice. åÊNow that is public service! åÊFor his personal use Bloomberg has invested in real estate and owns at least 2 properties in Manhattan. åÊOne NY mansion åÊis reported to be on 5th avenue and is five stories and 12,500 square feet. åÊBloomberg has stated that it has an elevator but he takes the stairs and encouraged all New Yorkers to do the same. åÊBloomberg also owns estates in Bermuda, Vail, Colorado, London, and a 22,000 square feet mansion in the Hamptons, the Ballyshear Estate, purchased for $20 million. åÊReportedly the former mayor also purchased several adjacent lots when acquiring the vacation estate.

How much is Michael Bloomberg’s Net Worth? $33 Million Billion!