Tag Archives: Larry Ellison

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.