Top 10 Richest People in America 2016
We just upgraded our Top 10 Richest People in America 2016 List! Curious who made the cut? Keep reading!
People say that America is the country where everything can happen. If you don’t believe that sentence is true, you should take a look at these richest people in America. Why?
Because clearly, they’ve done something good and they live in America, and some say anything is possible over there.
We’ve talked about some of these Americans in our latest richest people lists. But now we only chose the American ones for the list.
Do you think that these people deserve to have so much money? Find out the story behind their name, and how they managed to become America’s richest people!
And the richest people in America in 2016 are…
10. MICHAEL BLOOMBERG – Net Worth: $35.5BILLION
Now he is 72 years old and he is the owner of 88% of Bloomberg L.P., the global financial data and Media Company.
The American business magnate, politician and philanthropist is ranked at #10 on the Richest People in America according to Forbes magazine.
But he wasn’t always one of the richest men on the planet. He started as a general partner at Salomon Brothers, a bulge-bracket Wall Street investment bank.
But soon after Salomon Brothers was bought, Bloomberg had the opportunity to set up a new company from $10 million, the severance package the Salomon Brothers had offered him. And so the Innovative Market Systems was created.
He had this crazy idea, what you might call a business plan. His plan was based on the realization that Wall Street was willing to pay for high quality information. But somehow this crazy idea worked and soon the company became Bloomberg L.P.
In the 1990, the company was so big that had to install 8,000 terminals. And over the years they expanded into Bloomberg News, Bloomberg Message and Bloomberg Tradebook.
But Michael Bloomberg is not only a businessman and the creator of a global financial data, he is also the man who left the CEO position to pursue a political career as a major of NYC.
He did managed to serve as the 108th Mayor of New York City, and stood there three consecutive terms, beginning with his first election in 2001.
Now, it has a net worth estimated at $35.5 billion.