Tag Archives: forbes

Mets ranked sixth most valuable team in baseball


| tcullen@queenscourier.com

THE COURIER/Photo by Terence M. Cullen

The Mets are the sixth most valuable team in Major League Baseball according to Forbes, possibly putting to rest concerns the team is underwater on the financial front.

Forbes listed the Amazin’s value at $811 million – a 13-percent increase from last year. The crosstown rival Yankees ranked first with a $2.3 billion worth.

Between the two teams are the L.A. Dodgers, Boston Red Sox, Chicago Cubs and Philadelphia Phillies, respectively. The San Francisco Giants, who played at the Polo Grounds until 1957, ranked just behind the Mets – worth $786 million.

With the average value of a team at about $744 million, the Mets just place above the norm despite financial woes since the Bernie Madoff Ponzi Scheme reportedly put the Mets’ bank account in the red.

Co-owner Fred Wilpon said earlier this year, however, that the team was on its way back up and all money lost nearly five years ago has been remade.

 

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Forbes names Bloomberg the world’s 16th most powerful person


| brennison@queenscourier.com

Photo courtesy of Flickr/nycmayorsoffice Photo credit: Spencer T Tucker

New Yorkers who believe Mayor Michael Bloomberg wields too much authority will not be surprised by his high ranking on Forbes list of the world’s most powerful people.

Bloomberg placed 16th on the annual list that includes heads of state, CEOs and magnates, one spot behind Warren Buffet and one ahead of Walmart CEO Michael Duke.

President Barack Obama unanimously topped the rankings for the second consecutive year, followed by German Chancellor Angela Merkel, Russian President Vladimir Putin and Bill Gates. Pope Benedict XVI, who recently joined Twitter, rounded out the top five.

Seventy-one people from 24 countries made their way onto the Power list.

The list was compiled based on four standards: whether the candidate has power over lots of people, how much money is controlled by the person, if the person is powerful in more than one area and whether they actively used their power.

Forbes said Bloomberg, who was 17th on the list last year, projects his influence in myriad ways.

“New York Mayor Michael Bloomberg has power because he’s a politician, because he’s a billionaire, because he’s a media magnate and because he’s a major philanthropist,” Forbes wrote.

The magazine also pointed to his push to ban sugary drinks over 16 ounces as a highlight of the past year.

Bloomberg, who is about to enter his final year in office, will continue to wield power even after his days at City Hall are over. Independence USA PAC, a Super PAC created by Bloomberg to back candidates around the country who share his views, spent nearly $10 million on elections this fall and will continue to support office-seekers who share Bloomberg’s ideals, including gun control, the environment and education.

Other well-known names on the list include Mark Zuckerberg (#25), Rupert Murdoch (#26) and Bill Clinton (#50), though his wife and Secretary of State Hillary, who Bloomberg reportedly called to gauge her interest in the mayorship, was left off.

Bloomberg’s wealth grows, now 10th richest American, says Forbes


| brennison@queenscourier.com

Photo credit Edward Reed

Forbes unveiled its list of the 400 richest Americans which featured Mayor Michael Bloomberg, who has seen his fortune continue to grow, the same day census data showed the disparity between the rich and poor in the city continues to widen.

Bloomberg came in at number 10 on the annual list with a net worth of $25 billion, more than a 25 percent increase from last year when he was only the 12th richest American.

The average net worth on the list jumped from $3.8 billion last year to $4.2 billion, for a combined total of $1.7 trillion in the hands of the 400 wealthiest Americans.

The list, which was released yesterday, featured more than 50 New Yorkers. The mayor — whose fortune stems from Bloomberg LP — topped some notable city residents on the money list, including: Rupert Murdoch, $9.4 billion, Ralph Lauren, $6.5 billion, and Donald Trump, $3.1 billion.

The third-term mayor does not keep all his cash to himself; Forbes estimated he has given away nearly $4 billion to support public health, the environment, the arts and education over the years.

Bill Gates topped the list with $66 billion, followed by Warren Buffet and Larry Ellison.