One interesting question that isn’t discussed that often is how did Michael Bloomberg get so incredibly rich since he became mayor of New York City in 2002:
These data are from the Forbes 400. (In case you were wondering, Bloomberg’s own Bloomberg Billionaire’s List doesn’t list the boss’s net worth.)
Bloomberg was 92nd on the Forbes 400 in 1999, 42nd in 2001 when he ran for Mayor, and 8th the year after he left office. So he did well in relative terms, too.
Of course, I never really understood how Bloomberg Terminals, a 1980s technology if there ever was one, generate so much cash in the 21st Century. Maybe if I grasped how you could make (and keep) a fortune off the Wall Street equivalent of AOL, I’d have more money myself.
It’s clearly real money because Bloomberg, a generous man, periodically writes huge checks to various worthy charities.