Mayor Bloomberg Made More Than $500K Last Year

2007_08_mayorblomb.jpgMayor Bloomberg may have made $1 as Mayor of New York City last year, but know this about our billionaire mayor: His earnings from his media company and other investments amounted to more than $500,000, thanks to the super-redacted tax returns he made public.

Newsday says the returns are "ambiguous," as Bloomberg only gave a vague sense of his 2006 earnings because more detailed information could be used by his competitors. Using the dollar range "G" ($500,000 or more), he said that he made "G", paid out "G" in household salaries, and paid "G" in taxes.

Bloomberg did cash in two Law & Order royalty checks (both under $1,000 for his stints on the show) and cashed in a 401K and IRA account. The Daily News added he "overpaid state taxes by at least $500,000 and federal taxes by more than $1 million." He also put at least "G" into his charitable foundation, and he owns six homes, including "condo on Park Avenue where an ex-girlfriend lives."

Mayor Bloomberg is estimated to be worth between $5 and 13 billion. And his $1 mayoral salary is really 93 cents after taxes.

Email This Entry


Comments (22) [rss]

user-pic

Why are you always so obsessed with the Mayor's wealth? Are you jealous? I've had enough of his wealth. Who the hell cares? There are plenty of people wealthier that live in NYC and you don't give 2 cents!

user-pic

Dude's got billions in the bank, a 500K return for the year shows that he's probably exercising restraint in his investment opportunities.

I don't see what the issue is.

I don't think there are any wealthier New Yorkers. I thought the last ranking put the mayor at the top of the list.

user-pic

why are you picking on a guy who rides the Subway?
can't you he? he's just like one of us who rides the subway? He even has a MetroCard, he said it himself, HE HAS A METROCARD.
He's just a regular guy like us, he said it.
The guy rides the subway, how much more regular can one get?

user-pic

I would hope that a guy worth $5 billion would make at least $500K. That is only a 0.01% increase in wealth.

user-pic

I was hoping instead of making "G" he made "F" because that's really what's he saying to regular people.

This is disgusting, He should go wave that flag alone at night in the Bronx and see if he makes it across the street. Then people wonder why shit is fucked up in the world. Who needs that much money? He aint doing much more than I am in one day. Whites rule the world.

user-pic

don't sweat it, God punished him by making him a midget. Midgets don't get to the White House.
We all know The White House is the ultimate in Power trips. Well, to them it is.

user-pic

yeah, he just built his own multibillion dollar conglomerate from nothing. So you know, you really do do the same amount of work in a day.

user-pic

the mayor works 24/7.

what exactly is the point of this post? So what, he made 500K, big deal...

If he's making pot brownies, that would be something to shout about...

user-pic

LIE ONE:
Bloomberg is a successful bizman.

WRONG. ALL of his businesses (save one) CAN'T make a profit. And the one that does (the Bloomberg machines) only do b/c of antitrust / competition violations: like Microsoft, Bloomberg bundled his software so there could be no competition. (Imagine Chevy making cars that only run on Chevy's gas!)

LIE TWO:
he ran for office to spread his biz acumen to govt.

WRONG. Anyone with an IQ over 4 knows that Bloomberg is a very small man (emotionally and intellectually)---DUH, that's WHY all his businesses are named after him. (Imagination is a sign of intelligence too.)

He had zero ideas when he ran and bought people to tell him what to parrot.

The ONLY reason he ran was b/c he lacked PUBLIC stature. (People only knew his NAME.)

Stike that.

the MAIN reason he ran was to DOUBLE his stock wealth in Bloomberg LLP. (WHY else does he say he's selling the company AFTER he leaves office? WHAT do you airheads think he's waiting for?? Sheesh humans are dumber than shit.)

Will Gothamist do an expose of how his profits and wealth exponentially grew after he became mayor?

Nope.

Instead, most idiots say he only gets paid $1 so h e's clearly an altruist!

Of course, everyone thinks the guy who flies a HELICOPTER for leisure activity is Mr. Envirnomentalist!

I can't wait til President Giuliani rapes you like the last 43 presidents did.

You are incapable of learning from the past,and Gothamist is jumping off the cliff with you all.

mayorbrodeur.org
100 INNOVATIONS FOR NYC
GiulianiScandals.org

user-pic

I'm sure he made a lot more than that. This is some kind of fuzzy math.

user-pic

No fuzzy math involved. If you know how to read, "G" means *$500K or more.* The "more" part applies here. He could be making $500K, but chances are that he's making a hell of a lot *more*. Why else would the story say that he overpaid his state takes by at least "G" and his federal taxes by at least $1 million?

user-pic

"G" means Got You By the Balls.
no fuzzy math involved, just lots of vague answers, nothing specific.
all of a sudden "G" = "$"
but he rides the subway, the Lexington ave. line.

I think everyone should be paid the same about across the board. Then People would get there jobs because its in there heart to be in that profession not there bank accounts. Cuba is on to something.

Its like actors in hollywood have Crazed dollar signs in there eyes.
Dreams of kristen dunsts 13,000 dollar handbag. Free clothing, 100,000 cars diamonds boats... Thats why most shyt sucks now a days because its not about sending a humble message or creating a good product. Its about getting the above.

user-pic

If everyone was paid the same, nobody would make an effort. See Soviet Union. That said, if the government wants to tax the rich, don't lump the people making $200,000 a year in with the people making $100,000,000 a year.

Yes they would. The soviet union just wasnt drivin to create or speak out, or have ideas. We are we would still do what we do. We would just do what we enjoy doing instead of just doing it for money. That equals alot more happy people alot less fights, and more realizing that money is just paper and rocks. we would have more time for family and less distraction in comparing ourselves to eachother and feeling inadaquate because you dont have something that they have. I think the world would be a much better place.

user-pic

17,

the only thing worse than your idea is the fact that you used the wrong form of "THEIR" 3 times in a row!!

You are an idiot!!!

Spelling Nazi.... I can write what i want how i want to.. Notice the uncapitolized i's enjoy them!

Post a comment (Comment Policy)

Tips

Get your daily dose of New York first thing in the morning from our weekday newsletter, now in beta.

About Gothamist

Gothamist is a website about New York. More

Editor: Jen Chung
Publisher: Jake Dobkin

Newsmap

newsmap.jpg

Contribute

Latest Tip:

2nd avenue and 47th- 1 hammarskjold plaza. 15-20 ambulances and trucks. Info from FDNY: people on 4
[more]

Latest Photo:

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from Gothamist.

All Our RSS