
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.
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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)
I've got my tiny violin out for those (now) poor(er) bastards...
ReplyDeleteI can't imagine the sacrifices one has to make when his net worth drops $3 billion to $14 billion!
ReplyDeleteA lot of them are actually richer.
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