Michael Bloomberg is reportedly planning to run for president. Here's how the 8th-richest person in the US and former NYC mayor makes and spends his $52 billion fortune.

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Michael Bloomberg is reportedly planning to run for president. Here's how the 8th-richest person in the US and former NYC mayor makes and spends his $52 billion fortune.
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Michael Bloomberg has donated at least $8 billion to charity and owns home in New York City, the Hamptons, London, and Bermuda.

Former New York City mayor Michael Bloomberg has a net worth of $52.4 billion, according to Forbes. On November 7, The New York Times reported that Bloomberg is making a late entrance into the 2020 Democratic primary field. The billionaire philanthropist is the richest person in New York and the eighth-richest person in America. He cofounded media company Bloomberg LP, a company that now brings in $10 billion in annual revenue. Visit Business Insider's homepage for more stories.

Former New York City mayor Michael Bloomberg has a net worth of $52.4 billion, according to Forbes. On November 7, The New York Times reported that Bloomberg is making a late entrance into the 2020 Democratic primary field. The billionaire philanthropist is the richest person in New York and the eighth-richest person in America. He cofounded media company Bloomberg LP, a company that now brings in $10 billion in annual revenue. Visit Business Insider's homepage for more stories.

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