How Much Richer Michael Bloomberg Has Gotten Over the Last 5 Years
Written by
Jamela Adam
Edited by
Zuri Anderson
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If you want to know how the 1% actually live, you could take a drive around Beverly Hills or scroll on Instagram. But if you want to understand how the 0.001% operates, you look at Michael Bloomberg.
Bloomberg is an entrepreneur and philanthropist who served three terms as mayor of the City of New York. He has built an empire so efficient that it literally prints money while he sleeps.
In just half a decade, his net worth grew by over $50 billion. To put that in perspective, he made an average of $10 billion a year, which is about $27 million a day, or $1.14 million an hour. With that said, GOBankingRates did some digging to find out how much richer this billionaire has gotten over the last five years.
From $48 Billion to Over $100 Billion
According to Forbes, Michael Bloomberg’s net worth was around $48 billion in 2020, which was already a mind-blowing amount. But fast forward to January 2026, Forbes estimates his wealth at approximately $109.4 billion, more than double what he was worth in 2020, making him the 16th richest person in the world.
How He Did It
The main driver of Bloomberg’s billion-dollar fortune is Bloomberg LP, the financial information and media company he founded in 1981, of which he still owns a massive 88% stake.
Bloomberg Terminal
Bloomberg Terminal is a premium financial software platform offered by Bloomberg LP that provides professionals with real-time market data and analytical software. There are over 350,000 subscribers worldwide, and as of 2025, a single subscription costs a little under $32,000 per year.
And since Bloomberg LP is a private company, Mike doesn’t have to answer to shareholders who want him to spend money on flashy marketing. Instead, he decides to reinvest in the technology so that Bloomberg can become so integrated into the financial world that companies find it irreplaceable.
Diversification into ESG
In the last few years, Bloomberg has pivoted hard into ESG (Environmental, Social and Governance) data. As of today, Bloomberg provides company-reported ESG data on over 16,000 companies from more than 100 countries, representing 94% of the global market cap.
Media Expansion
In just the first half of 2025, Bloomberg’s media revenue jumped 7%. Since Bloomberg focuses on a very niche audience, they’ve been able to charge a premium for advertising and subscriptions that general news outlets can’t justify charging.
Giving Back
Bloomberg has signed The Giving Pledge, which is a promise by the world’s wealthiest philanthropists to give the majority of their wealth to charitable causes in their lifetime or wills. And according to Forbes, he gave away $3.7 billion in 2024 and has already donated more than $21.1 billion in his lifetime to gun safety, climate change, education, and other causes.
“If you want to do something for your children and show how much you love them, the single best thing — by far — is to support organizations that will create a better world for them and their children. And by giving, we inspire others to give of themselves, whether their money or their time,” he said.
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