Results tagged “forbes”

With its latest list of the 400 richest Americans, Forbes finds that Mayor Bloomberg is holding steady at as NYC's richest rich person. He's number 8 on the list between a Walton (of Wal-Mart) and Charles Koch.

Forbes released its new list of the World's Richest People and our mayor is the richest person in the Big Apple (heck, his net worth even rose this past year!). Michael R. Bloomberg, who is also known as Hizzoner, is at #17 on the list, with his self-made fortune estimated at $16 billion, thanks to "a transaction [that] put a solid valuation on Bloomberg LP: he borrowed to buy a 20% stake in his company from Merrill Lynch in July for $4.5 billion." Is this why he's advising against taxing the rich? Former richest man in NYC, David Koch, is now the 2nd richest (#20 on the list, with a net worth of $14 billion). Also interesting: One of the many billionaires tied for #701 on the Forbes list is a Mexican drug lord.

Mayor Bloomberg can count himself amongst the top echelons of the extremely, extremely rich, as Forbes's list of the 400 Richest Americans places him in the #8 position. The magazine cites his purchase of a 20% stake in his company, Bloomberg LP, as how they value his net worth to be $20 billion. The next richest New Yorker is David Koch, at #9 with $19 billion. Some others: Rupert Murdoch is #47 ($6.8 billion), Ralph Lauren is #76 ($4.7 billion), and Donald Trump is #134 with a net worth of $3 billion. John Catsimatidis, net worth $2.1 billion, is one of the self-made billionaires interviewed; he answers the question "What is the best bar on the planet?" with "Any bar in New York."

Forbes has taken a look at the country's 40 largest cities and declared the most stressful amongst them. The big winner is Chicago, due to the record weekend rainfall, the rising unemployment rate, gas prices, high population density and poor air quality. All of that and more has landed the Windy City in the top spot of America's Most Stressful City list. However, New York isn't far behind, taking the silver at #2 (with Detroit, Los Angeles and San Francisco following). Forbes notes that locals here compete over subways, cabs, apartments, elite preschools, dinner reservations and bartenders' attention so much that it's only adding to the anxiety over costly housing, allergy-inducing pollution, and, you know, everything else. Breathe in, New York, no need to take any crazy stress tests...but maybe sign up for some (overpriced, cramped) yoga classes. [via NY1]

Curbed points out that "according to a Forbes report culled from data supplied by Hotpads.com," Tribeca is overpriced! The website "produced a price-to-earnings spread for each ZIP code in the nation's 40 largest cities by comparing rental costs with buying costs for similar properties" and blah blah blah 10013 is #1! The zip just edged out Boston's Chinatown to become numero uno. Don't misunderstand, however, Forbes notes that "expensive does not mean always mean overpriced. Consider that a five-bedroom mansion on East 74th Street that once belonged to Eleanor Roosevelt is currently listed for $60,000 a month." Allegedly, this is expensive, but just not overpriced.

Yesterday Forbes magazine, in their annual ranking of the rich, declared New York City is no longer the billionaire capital of the world. Where have all the dollar signs gone? To Moscow, of course, who beat us out by 3 billionaires (they have 74 to our 71).

New York City faced some stiff competition in the Forbes Top 10 “Misery Measure”, but ultimately moped away with a respectable fourth place, losing only to such perennial dystopias as Detroit (#1, forever); Flint, Michigan (#3) and… Stockton, California, in the #2 slot? Apparently, the Bay Area satellite has one of the highest foreclosure rates in the country and a swelling population.