Michael Bloomberg's net worth according to Forbes Rich List

Net Worth:

$22 Billion - As of March 2012

Source:

Businessman (Bloomberg L.P)

Citizenship:

United States

Charity Donations: $1.8 billion
Education: MBA, Harvard University; BA/BS, Johns Hopkins University
Age: 69 , Marital Status: Divorced , Children: 2

American businessman, politician and philanthropist, Michael Rubens Bloomberg, has a net worth of $22 billion as of March 2012, according to Forbes’ rich list making him the 11th-richest person in United States. He is current mayor of New York, he succeeded Rudy Giulianias mayor of New York City in 2002. Bloomberg graduated from Johns Hopkins University in 1964 with a bachelor’s degree in electrical engineering, then earned an MBA from Harvard Business School in 1966. He was a general partner at Salomon Brothers when he was let go in 1981 (after a merger), and that same year he founded Innovative Market Systems (later Bloomberg LP). The new subscription service wired real-time financial data, research and news reports directly into dedicated terminals in business offices. As these “Bloomberg terminals” flourished, he expanded into television, radio, publishing and the Internet; Bloomberg News, launched in 1990, became a prominent financial news source. His successes made Bloomberg a billionaire and made his name synonymous with business information. He shifted gears in 2001 and ran for New York mayor as a Republican; he defeated Democrat Michael Green just two months after the attacks of 11 September 2001. Bloomberg was reelected in 2005 and again in 2009 (after the New York city council overturned a two-term mayoral limit).

The New York’s mayor pays himself a $1 salary, rides subway often and reportedly owns only two pairs of loafers for work. Also 10th richest man in America and America’s richest politician, thanks to his multibillion-dollar data firm, up 10% in revenues in 2011. Bloomberg has apparently given to more than 850 charities. Over the years he’s also given $200 million to his alma mater, Johns Hopkins University, where he sits on the board; plus $50 million to Princeton and Carnegie. He was born Michael Rubens Bloomberg at St. Elizabeth’s Hospital in the Brighton neighborhood of Boston on February 14, 1942.