Bloomberg LP Expects $7 Billion In Revenue

  • SHARES

By Chris O'Shea

According to Keith Kelly of The New York Post, Michael Bloomberg’s giant company, Bloomberg LP, is expecting to rake in revenue of almost $7 billion by the end of the year. This is a jump of 12.6 percent from last year, and in a company-wide memo, Bloomberg LP President Dan Doctoroff says he sees revenue ballooning to $10 billion a year by 2014.

Also in the memo, employees of Bloomberg LP are told that if the 2014 mark is reached, they’ll reap some of the rewards:

If Bloomberg attains this goal between July 2013 and June 2014, employees will receive more than 70 percent of the salary they earn between Jan. 1, 2009 and the date of attainment.

So it’s good news for them and Mayor Bloomberg, who despite already being the 10th richest person in the nation, could use the extra cash if he makes that rumored 2012 presidential run. Or if he simply wants to buy something, like a country.