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