Sunday, February 8, 2009

How being mayor is EXTREMELY profitable for Bloomberg

Noticing New York has a series of must-read articles about Bloomberg's charity/profitability. Here is an extended quote from Bloomberg's Increasing Annual Wealth: 1996 to 2008:

Here, as a quick reference, are figures on Mayor Michael Bloomberg’s increasing estimated annual net worth consolidated from Forbes for our article The Good News IS the Bad News: Thanks A lot for Mayor Bloomberg’s “Charity” (Monday, February 2, 2009). For more on what those numbers mean in context click to read the article.

The most reliably constant gauge of his wealth over the years are the annual figures published by Forbes in September of each year:

1996 - $1 billion
1997 - $1.3 billion
1998 - $2 billion
1999- $2.5 billion
2000- $4 billion
2001- $4 billion
2002- $4.8 billion
2003- $4.9 Billion
2004- $5 Billion
2005- $5.1 Billion
2006- $5.3 Billion
2007- $11.5 billion
2008- $20 billion


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