New York Unclaimed Money - Even $76k For Mayor Bloomberg!
Wow, even the NYC Mayor Michael Bloomberg discovered he was owed unclaimed money!
October 22, 2007 — ALBANY - To a billionaire like him, it may be pocket change, but Mayor Bloomberg collected nearly $76,000 this year in unclaimed funds from the state Comptroller’s Office, The Post has learned.
The state cut the mayor a check for $75,900 in August, according to the Comptrol ler’s Office.
The money is left from some business dealings he was a part of before becoming mayor.
Now that may be interesting, learning that a billionaire mayor of New York City was able to make a claim for almost $76,000, but what does it mean for you? Not much, but here’s the good news!
Meanwhile, more than $8 billion - belonging to 22 million accounts - remains in the state’s unclaimed-money funds.
And while $75,900 may seem high, the largest amount paid out by the fund so far has been $5.9 million, to the heirs of an unidentified estate in 2005.
As for the largest sum yet to be claimed, that, according to the Comptroller’s Office, is a cool $1.7 million.
Excellent point about that $76k in unclaimed property not meaning much to a billionaire like Bloomberg, but I doubt whoever made $5.9 million claim sneezed at it! Then again, maybe they did. How much money must one have to simply forget about almost $6 million, and have it turn up somewhere down the road as found money?
But the most important part of this story (to regular folks like you and me) is the more than $8 Billion in NY unclaimed money, belonging to 22 million. people. That number is almost unbelievable, but I suppose when you factor in that NY is a large state, and of course is home to New York city which might as well be the center of the world, it starts to make sense.
Bottom line, 22 million of you need to get a move on, tracking down your missing unclaimed funds! The government has something that belongs to YOU and you just need to learn how to locate and regain control of your unclaimed money, because you can bet they aren’t going to go out of their way to find you!
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[…] money, the majority of which is owed to regular citizens! It was reported in October that even Mayor Bloomberg was owed $76,000, but most of the forgotten cash in the state of New York continues to go unclaimed, and the total […]
December 18th, 2007 at 4:15 pm[…] mentioned a few months back that billionaire NYC Mayor Michael Bloomberg was due $76,000 in unclaimed funds, but it turns out he’s not the only high roller overlooking some cash. A recent Forbes.com […]
May 9th, 2008 at 9:18 pm