Sunday, April 7, 2013

Michael Bloomberg

Michael Bloomberg $27 B 71   Bloomberg LP   United States


Now well into his final term as New York's Mayor, Michael Bloomberg has a new mission for his post-political life: eradicating gun violence. He's emerged as a leading donor to pro-gun control causes and candidates. Many see the February victory of anti-gun candidate Robin Kelly in an Illinois congressional primary as a tipping point: Bloomberg spent some $2 million backing her through his Independence USA super PAC. His deputy mayor, Howard Wolfson, tantalizingly told the press that Bloomberg "is prepared to level the playing field" versus pro-gun outfits like the NRA. How much of his $27 billion fortune will go towards that effort remains to be seen. Mayor Mike is $5 billion richer than he was this time last year thanks to the performance of Bloomberg LP, the financial data firm he founded in 1982 after being fired from Salomon Brothers. He owns 88% of the company, which made $7.9 billion in 2012 revenues. Bloomberg owns at least 10 homes in Manhattan, Westchester County, Bermuda, Vail and the Hamptons. His lifetime philanthropic giving is now upwards of $2.5 billion, with his most recent big donation a $100 million pledge to the Gates Foundation to help his fellow billionaire Bill Gates eradicate polio.

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