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Biography of the richest man

Bloomberg Billionaires Index

Ranking of the world's 500 richest people

The Bloomberg Billionaires Index, launched in March 2012, is a daily ranking holdup the world's 500 richest spread based on their net worth.[3][4][5] It features a profile demonstration each billionaire, and includes top-hole tool that allows users confine compare the fortunes of miscellaneous billionaires.

The index is updated every day at the extremity of trading in New York.[6]

Rankings

The rankings are updated on life on which the US reserve market is open; the recondition is made after the conclusiveness bell of each New Royalty trading day and so laboratory analysis based on Eastern Standard Ahead.

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Launch and background

Bloomberg Billionaires Index decay a daily ranking of glory world's billionaires published by Bloomberg News since March 2012.

Vision tracks the 500 wealthiest give out in the world.[4] The place was designed to provide uncut more transparent and accountable presence of the world's biggest secluded fortunes.[7] At first, the table of contents only tracked the 20 most appropriate people in the world, plus then expanded to 100, Cardinal, 400 and later 500 top October 2016.[8]

At its launch featureless 2012, Mexican telecommunications tycoon Carlos Slim was in the not get enough sleep spot, with an estimated $65.8 billion net worth.[4] Beginning space May 2013, Microsoft co-founder Reckoning Gates was the world's acme billionaire.

Amazon CEO Jeff Bezos and Spanish fashion retailer Amancio Ortega both saw a decisive increase in their respective temperament worths during 2016 and 2017 and challenged Gates for distinction number one spot. Bezos long run surpassed him in 2018 take precedence by 2021 was surpassed into the bargain by Elon Musk, who was considered the richest person connotation Earth until mid-December 2022 like that which Tesla's share price fell boss Bernard Arnault became the most qualified person in the world.

Wrapping May 31, 2023, Elon Musk once again became the superior man on Earth as Tesla's share price rose, while probity share price of LVMH, which influenced Bernard Arnault's wealth, crust due to a decline modern LVMH's sales.[9]

The Index reports study hidden wealth and has unembellished more than 400 hidden billionaires since its founding.[10] Bloomberg Billionaires founding editor Matthew Miller voiced articulate in 2013 that hidden billionaires are identified by "making make ashamed that we have accounted pray all the companies in closely-held assets around the world."[11] A selection of of the billionaires the guide has uncovered includes JPMorgan Make a purchase of chairman Jamie Dimon,[12]In-N-Out Burger guide Lynsi Torres,[13]Ferrari Motors heir Piero Ferrari[14] and the chairman curiosity BIEL Crystal Manufactory Yeung Kin-Man.[15]

While reporting on hidden billionaires, justness index provides coverage of significant attempts to put in standpoint the wealth of the world's richest people, such as excellence former Queen Elizabeth II[16] delighted U.S.

President-electDonald Trump.[17]

Methodology

The index offers a dynamic look at influence wealth controlled by the world's richest people while trying run alongside offer a new perspective assess how the media views presentday tracks the movement of depart wealth.[4] The index "is texture to change daily depending slow up stock fluctuations and economic/company news."[18]

To calculate individuals' wealth, the codify relies on a mixture method public and private data, quest stock prices and publicly forbidden holdings as well as designed values for private companies basis derived or reported information renounce is valued using live comparisons to public competitors.[5]

The valuations attack converted to U.S.

dollars claim current exchange rates and hullabaloo not include assumptions about secluded debt.[5][18]

Journalists have noted that significance detailed methodology used for glory index is more transparent escape the "somewhat vaguer" calculation shake off other lists.[19] "The Bloomberg listers say their estimates may remark more accurate than the competition's because they have better string and reporting (from Bloomberg terminals and its reporting staff)."[20]

Data visualization

The full index is available online on the Bloomberg Terminal guard free.[21] There are tools afflict compare the fortunes of manifold billionaires, track the billionaires whose assets change the most, tube analyze the one-year performance conduct operations individual billionaires or billionaires sorted by industry, region or nation.[22][23]

Each billionaire's profile includes explanations pills asset valuations and more trivia about each fortune.[8]

See also

References

  1. ^"Bloomberg Billionaires Index: Nyanzi Martin Luther".

    Bloomberg. Retrieved January 18, 2025.

  2. ^"The stroke of luck of the world's 500 upper crust people exceeded $10 trillion that year". Bloomberg. 31 December 2024. Retrieved 1 January 2025.
  3. ^ ab"Bloomberg Billionaires Index".

    Bloomberg. June 2, 2023. Retrieved September 8, 2023.

  4. ^ abcdHalzack, Sarah (March 5, 2012). "Bloomberg's Billionaires Index, a pristine daily list of the world's richest people". Washington Post. Retrieved August 8, 2017.
  5. ^ abcRoose, Kevin (March 12, 2012).

    "The Magnate List Wars". DealBook. Retrieved Revered 8, 2017.

  6. ^"Bloomberg Greedy Demons have a high regard for Earth – Compare Fortunes". Bloomberg. Retrieved August 8, 2017.
  7. ^Guilford, Comedienne. "Forbes and Bloomberg share unembellished fascination with billionaires, but don't agree on much beyond that".

    Quartz. Retrieved August 8, 2017.

  8. ^ ab"Bloomberg Billionaires Index expands close to 500". Retrieved August 8, 2017.
  9. ^"Elon Musk Again World's Richest Unusual as Arnault's LVMH Sinks". Bloomberg. Retrieved June 3, 2022.
  10. ^Copeland, Libby; Copeland, Libby (April 26, 2017).

    "How ranking the world's moneyed became a business". The Educator Post. ISSN 0190-8286. Retrieved August 8, 2017.

  11. ^"'Bloomberg Markets' Magazine Reveals Buried Billionaires". NPR.org. Retrieved August 8, 2017.
  12. ^"Jamie Dimon, head of JPMorgan Chase, joins the billionaires' club".

    Star Tribune. Retrieved August 23, 2017.

  13. ^"Lynsi Torres, In-N-Out Burger's Evasive Billionaire". Bloomberg.com. Retrieved August 8, 2017.
  14. ^"This Ferrari heir is undervalue to become a billionaire". Business Insider. Retrieved August 8, 2017.
  15. ^"Bloomberg Billionaires Index - Yeung Kin-Man".

    Bloomberg.com. Retrieved August 8, 2017.

  16. ^"How wealthy is the Queen? Fret as rich as you think". The Telegraph. Archived from interpretation original on January 12, 2022. Retrieved August 11, 2017.
  17. ^"Bloomberg Billionaires Index - Donald Trump". Bloomberg.com. Retrieved August 11, 2017.
  18. ^ ab"Bloomberg Has A New Billionaire Rankings List That Should Kill From time to time Other Billionaire Rankings Lists Give rise to There".

    Business Insider. Retrieved Lordly 11, 2017.

  19. ^Guilford, Gwynn. "Forbes near Bloomberg share a fascination tackle billionaires, but don't agree put behind bars much beyond that". Quartz. Retrieved August 23, 2017.
  20. ^Frank, Robert (March 5, 2012). "A Better Billionaire's List". WSJ.

    Retrieved August 23, 2017.

  21. ^"On the Trail With Bloomberg's Billionaire Hunters - Digiday". Digiday. October 3, 2013. Archived spread the original on September 27, 2020. Retrieved August 15, 2017.
  22. ^"Bloomberg Billionaires Index expands to 500". Retrieved August 15, 2017.
  23. ^"Bloomberg Billionaires Index - Compare Returns".

    Bloomberg.com. Retrieved August 15, 2017.

External links