Bloomberg's Fortune Grows by $5B: Forbes

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    NEWSLETTERS

    AP
    Mayor Michael Bloomberg delivers his annual State Of The City address at the Barclays Center

    Politics may have its ups and downs, but New York City Mayor Michael Bloomberg can certainly say he's had a rewarding year in another way — financially.

    Forbes estimates the businessman-turned-politician's fortune soared by $5 billion in the last year, to $27 billion. He's now 13th on the magazine's global list of billionaires, released Monday.

    Forbes says Bloomberg's fortune got a boost from the performance of Bloomberg LP, the financial information firm he founded in 1982.

    For his part, Bloomberg said Monday he doesn't like such lists.

    The 71-year-old Bloomberg gives away a chunk of his money each year. In a recent example, he pledged $100 million last week to fight polio.

    He's also a major political contributor. His causes include gun control.

    He's in his last year in office.