Thursday, March 12, 2009
Last year, the media mogul's worth clocked in at $11.5 billion. But after he bought back 20 percent of his company Bloomberg LP from a foundering Merrill Lynch in July, his value skyrocketed and he is now worth a staggering $16 billion.
The number of American millionaires fell by more than a quarter last year, as the financial crisis decimated their investments across the board, a report said yesterday. (New York Post)