Michael Bloomberg Is Worth $49 Billion

Plenty of money to waste on a presidential bid.

President-elect Michael Bloomberg (we kid!) is worth roughly $49 billion. That’s according to Re/code, which claims to have a more accurate number than Forbes, which said Bloomberg was worth a measly $35.6 billion.

“The former New York City mayor’s wealth is almost entirely sewn up in his company, which means he’s worth whatever his company is worth, or what someone might be willing to pay for it,” explained Re/code.

Because Forbes’ number is based on a look at Bloomberg LP in 2013, the $49 billion mark is likely more accurate. We’re glad this is all cleared up.