Saturday, March 05, 2005

New York Billionaire Bloomberg To Acquire Other Rare Public Offices

While he works to re-acquire the one-of-a-kind New York City Mayoralty, billionaire Michael R. Bloomberg’s people are appraising other rare public offices for his nascent collection.
The founder of Bloomberg LLP, the financial news corporation, Bloomberg put in the winning bid of $70 million in 2001 to become the Big Apple’s 108th chief executive.
Sources said he has reviewed appraisals of public offices in Europe and Asia, but strongly prefers domestic titles.
Since the governor’s office in Albany has been somewhat devalued under current owner George E. Pataki, Bloomberg said he may consider bidding on a gubernatorial job in another state.
Jon Corzine, another billionaire who recently purchased a New Jersey Senate seat, has already begun bidding on the governor’s job in Trenton. Bloomberg, who is wealthier than Corzine, would have a strong chance of outbidding him if he were interested, according to an analysis in Fortune magazine.
A source closed to Bloomberg said it was unlikely that he would bid on any House of Represenatives or Senate seats because he prefers one-of-a-kind titles to those in numbered collections.


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