Michael Bloomberg’s net worth is $47B, how will he use it?

  • So far, Bloomberg has given away $5B to causes that often dovetail with his political interests, like gun control and the environment.
  • The ex-mayor of NYC would have bankrolled a 2016 presidential campaign if he thought he had a “reasonable chance” of getting elected.
  • Who would have been his running mate? Retired Navy Adm. Mike Mullen, say aides.
  • He’s been ridiculed for spending $1B+ on public health initiatives, but points out the life expectancy of New Yorkers increased by three years while he was mayor. 

CBS News

The name Bloomberg is a worldwide brand that could refer to a number of things…a cable channel, a radio network, a news service, a magazine, or a 75-year-old former mayor of New York who founded the Bloomberg Financial media empire and flirted with running for president. According to Forbes Magazine, Michael Bloomberg is the 8th richest man in the world, and one of a growing number of extremely wealthy people who plan to give most of their money away…releasing a torrent of private philanthropy that is already having an impact on the country.

“Oh, it’s more money than anybody could possibly spend on themselves. The issue is what can ya do with it?” Mike Bloomberg   

Of that group, Michael Bloomberg is one of the most interesting and straight forward, and he agreed to talk to us about how he came to accumulate $47 billion dollars…and what he hopes to accomplish by giving it away.

Michael Bloomberg: Oh, it’s more money than anybody could possibly spend on themselves. The issue is what can ya do with it? You can’t take it with ya, although I have a cartoon at home of a guy on his death bed in a hospital with the rails around and his family looking down like vultures. And he looks up and he says, “I know I can’t take it with me, but I can take the access code.”

Michael Bloomberg sits down for an interview with 60 Minutes correspondent Steve Kroft.

Read the full article from the Source…

Back to Top