Bloomberg's $25M Mansion
Michael Bloomberg · Paid About $25 Million for a London Mansion, Roughly $1.6 Million Over Asking
About $25 millionCould have paid a year of rent for
1,401
homeless veterans
At the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. U.S. Census Bureau median gross rent, via USAFacts
Bloomberg reportedly paid £16 million, about $25 million at the time, for a seven-bedroom Grade II-listed mansion in Chelsea.
Or it could have
- 4,545
lives from malariaGiveWell estimates its top charities save a life for $3,000 to $5,500. We use the higher figure: $5,500, the cost through Against Malaria Foundation bed nets. GiveWell, How much does it cost to save a life?
- 228,311
hungry kids for a whole yearNo Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. No Kid Hungry, What your dollars can do
- 625,000
people clean drinking watercharity: water: about $40 funds clean water for one person, on average, in rural communities. charity: water, How much clean water will my donation provide
- 1,401
homeless veteransAt the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. U.S. Census Bureau median gross rent, via USAFacts
- 701
families escaping abuse a safe home for two yearsThe federal transitional housing program for survivors pays market rent for up to 24 months. At the U.S. median rent of $1,487 a month (Census, 2024), that is about $35,688 per family. U.S. DOJ Office on Violence Against Women, Transitional housing
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The purchase: The Guardian, July 2015. The full story on Rich vs Reality →