For the second straight year, Mayor Michael Bloomberg couldn’t reclaim the top spot on the list of richest New Yorkers.
While Bloomberg is worth an impressive $19.5 billion, according to Forbes’ annual richest in America ranking released Wednesday, it’s still not enough to match oil baron David Koch, who’s worth a stunning $25 billion.
Koch, along with his brother, Charles, are tied as the fourth richest in America on the Forbes list.
Bloomberg, who was the richest New Yorker in the 2009 list, ranks No. 12 in the U.S. There’s no need to pity the mega-rich media mogul for not being the “King of New York” – his worth increased by $1.5 billion since last year.
“His business is doing particularly well at a time when not all media businesses are,” said Forbes senior editor Luisa Kroll of the mayor’s expanding Bloomberg L.P. empire.
The mayor’s office declined to comment.
Kroll said that even though Bloomberg increased his wealth, he still dropped in the overall rankings by two places.
“These days, when the majority of America’s richest are making big gains, you really need to keep it up to climb in the ranks,” she added. “Even a billion-dollar gain isn’t always enough to hold on to your rank.”
However, News Corp. CEO Rupert Murdoch did earn another $1.2 billion over last year – boosting him one place to 37th richest in the country.
Of the top 400, nearly two-thirds saw increases in their net worth, with some cracking the top 20 for the first time, such as Facebook founder Mark Zuckerberg. He’s worth $17.5 billion.
But everyone else is worth chump change when compared to Microsoft’s Bill Gates. He tops the list for the 18th consecutive year with a $59 billion fortune.