New York, NY - Mayor Bloomberg's Worth Far Larger Than Previous Estimated

New York, NY - Mayor Bloomberg's net worth is far larger than previous estimates indicate, and may be in the $20 billion range, given the value of his financial news company.

An analysed said that the company, which has 125 news bureaus worldwide, is worth approximately $22.5 billion and possibly more - far higher than most estimates assume.
In September, Mr. Bloomberg ranked 44th on the "Forbes 400" listing of the wealthiest Americans. His net worth was pegged by Forbes at $5.3 billion, a figure directly linked to Bloomberg LP, the company he founded and in which he still owns a 72% stake. But with the higher company value, Mr. Bloomberg's personal worth would be closer to $20 billion, catapulting him past News Corp. chairman Rupert Murdoch, and Google co-founders Larry Page and Sergey Brin on the Forbes list, into the top 10. It puts him up there with the heirs to the Wal-Mart fortune and makes him, perhaps, the wealthiest resident in New York City.

Bloomberg LP is a private company and is not required to publicly report its earnings, making it impossible to determine its exact value. But the company's revenue streams are relatively easy to follow.