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Bloomberg Billionaires Index

From Wikipedia, the free encyclopedia
Ranking of the world's 500 richest people
Bloomberg Billionaires Index
List of The World's Top 500billionaires, ranked in order ofnet worth
Publication details
PublicationBloomberg L.P.
First publishedMarch 11, 2012
Latest updateMay 19, 2025
Current list details
Net worth (1st)Increase US$344.2 billion
(as of May 9, 2025[update])[1]
Number of billionairesSteady 500
Total list net worth valueDecrease US$9.8 trillion
(as of December 30, 2024[update])[2]
Bloomberg Billionaires Index: The Daily Ranking Of The World's Top 500 Richest

TheBloomberg Billionaires Index, launched in March 2012, is a daily ranking of the world's 500 richest people based on theirnet worth.[3][4][5] It features a profile of each billionaire, and includes a tool that allows users to compare the fortunes of multiple billionaires. The index is updated every day at the close of trading inNew York.[6]

Rankings

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The rankings are updated on days on which the US stock market is open; the update is made after theclosing bell of each New York trading day and so is based onEastern Standard Time.

Legend
IconDescription
SteadyHas not changed from the previous trading day.
IncreaseHas increased from the previous trading day.
DecreaseHas decreased from the previous trading day.
10 richest billionaires covered byBloomberg Billionaires Index as of May 9, 2025[3]
No.NameNet worth (USD)AgeNation(s) of originSource(s) of wealth
Steady1Elon Musk$344.2 billion Increase53 South Africa
 Canada
 United States
Tesla
SpaceX
X Corp.
xAI
The Boring Company
Neuralink
Steady2Jeff Bezos$214.6 billion Increase61 United StatesAmazon
Blue Origin
Steady3Mark Zuckerberg$209.6 billion Decrease41 United StatesMeta Platforms
Steady4Larry Ellison$173.8 billion Increase80 United StatesOracle Corporation
Steady5Bill Gates$168.8 billion Increase69 United StatesMicrosoft
Steady6Warren Buffett$160.7 billion Increase94 United StatesBerkshire Hathaway
Steady7Bernard Arnault$154.8 billion Increase76 FranceLVMH
Steady8Steve Ballmer$152.3 billion Increase69 United StatesMicrosoft
Steady9Larry Page$140.0 billion Decrease52 United StatesAlphabet Inc.
Steady10Sergey Brin$131.9 billion Decrease51 United StatesAlphabet Inc.

Launch and background

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Bloomberg Billionaires Index is a daily ranking of the world's billionaires published byBloomberg News since March 2012. It tracks the 500 wealthiest people in the world.[4] The ranking was designed to provide a more transparent and accountable presentation of the world's biggest personal fortunes.[7] At first, the index only tracked the 20 richest people in the world, and then expanded to 100, 200, 400 and later 500 in October 2016.[8]

At its launch in 2012, Mexican telecommunications tycoonCarlos Slim was in the top spot, with an estimated $65.8 billion net worth.[4] Beginning in May 2013,Microsoft co-founderBill Gates was the world's top billionaire.Amazon CEOJeff Bezos and Spanish fashion retailerAmancio Ortega both saw a large increase in their respective net worths during 2016 and 2017 and challenged Gates for the number one spot. Bezos eventually surpassed him in 2018 and by 2021 was surpassed furthermore by Elon Musk, who was considered the richest person on Earth until mid-December 2022 when Tesla's share price fell and Bernard Arnault became the wealthiest person in the world. On May 31, 2023, Elon Musk once again became the wealthiest man on Earth as Tesla's share price rose, while the share price of LVMH, which influenced Bernard Arnault's wealth, fell due to a decline in LVMH's sales.[9]

The Index reports on hidden wealth and has uncovered more than 400 hidden billionaires since its founding.[10] Bloomberg Billionaires founding editor Matthew Miller said in 2013 that hidden billionaires are identified by "making sure that we have accounted for all the companies in closely-held assets around the world."[11] Some of the billionaires the index has uncovered includesJPMorgan Chase chairmanJamie Dimon,[12]In-N-Out Burger presidentLynsi Torres,[13]Ferrari Motors heirPiero Ferrari[14] and the chairman ofBIEL Crystal ManufactoryYeung Kin-Man.[15]

While reporting on hidden billionaires, the index provides coverage of and attempts to put in perspective the wealth of the world's richest people, such as the former QueenElizabeth II[16] andPresident of the United StatesDonald Trump.[17]

Methodology

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The index offers a dynamic look at the wealth controlled by the world's richest people while trying to offer a new perspective on how the media views and tracks the movement of that wealth.[4] The index "is built to change daily depending on stock fluctuations and economic/company news."[18]

To calculate individuals' wealth, the index relies on a mixture of public and private data, tracking stock prices and publicly disclosed holdings as well as calculated values for private companies using derived or reported information that is valued using live comparisons to public competitors.[5]

The valuations are converted to U.S. dollars at current exchange rates and do not include assumptions about personal debt.[5][18]

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

Data visualization

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The full index is available online on theBloomberg Terminal.[21] There are tools to compare the fortunes of multiple billionaires, track the billionaires whose assets change the most, and analyze the one-year performance of individual billionaires or billionaires grouped by industry, region or nation.[22][23]

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

See also

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References

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  1. ^"Bloomberg Billionaires Index: Elon Musk".Bloomberg. RetrievedMay 9, 2025.
  2. ^"The fortunes of the world's 500 richest people exceeded $10 trillion this year".Bloomberg. 31 December 2024. Retrieved1 January 2025.
  3. ^ab"Bloomberg Billionaires Index".Bloomberg. June 2, 2023. RetrievedSeptember 8, 2023.
  4. ^abcdHalzack, Sarah (March 5, 2012)."Bloomberg's Billionaires Index, a new daily list of the world's richest people".Washington Post. RetrievedAugust 8, 2017.
  5. ^abcRoose, Kevin (March 12, 2012)."The Billionaire List Wars".DealBook. RetrievedAugust 8, 2017.
  6. ^"Bloomberg Greedy Demons of Earth – Compare Fortunes".Bloomberg. RetrievedAugust 8, 2017.
  7. ^Guilford, Gwynn."Forbes and Bloomberg share a fascination with billionaires, but don't agree on much beyond that".Quartz. RetrievedAugust 8, 2017.
  8. ^ab"Bloomberg Billionaires Index expands to 500". RetrievedAugust 8, 2017.
  9. ^"Elon Musk Again World's Richest Person as Arnault's LVMH Sinks".Bloomberg. RetrievedJune 3, 2022.
  10. ^Copeland, Libby; Copeland, Libby (April 26, 2017)."How ranking the world's wealthy became a business".The Washington Post.ISSN 0190-8286. RetrievedAugust 8, 2017.
  11. ^"'Bloomberg Markets' Magazine Reveals Hidden Billionaires".NPR.org. 5 November 2013. RetrievedAugust 8, 2017.
  12. ^"Jamie Dimon, head of JPMorgan Chase, joins the billionaires' club".Star Tribune. RetrievedAugust 23, 2017.
  13. ^"Lynsi Torres, In-N-Out Burger's Elusive Billionaire".Bloomberg.com. RetrievedAugust 8, 2017.
  14. ^"This Ferrari heir is about to become a billionaire".Business Insider. RetrievedAugust 8, 2017.
  15. ^"Bloomberg Billionaires Index - Yeung Kin-Man".Bloomberg.com. RetrievedAugust 8, 2017.
  16. ^"How wealthy is the Queen? Not as rich as you think".The Telegraph.Archived from the original on January 12, 2022. RetrievedAugust 11, 2017.
  17. ^"Bloomberg Billionaires Index - Donald Trump".Bloomberg.com. RetrievedAugust 11, 2017.
  18. ^ab"Bloomberg Has A New Billionaire Rankings List That Should Kill Every Other Billionaire Rankings Lists Out There".Business Insider. RetrievedAugust 11, 2017.
  19. ^Guilford, Gwynn."Forbes and Bloomberg share a fascination with billionaires, but don't agree on much beyond that".Quartz. RetrievedAugust 23, 2017.
  20. ^Frank, Robert (March 5, 2012)."A Better Billionaire's List".WSJ. RetrievedAugust 23, 2017.
  21. ^"On the Trail With Bloomberg's Billionaire Hunters - Digiday".Digiday. October 3, 2013. Archived fromthe original on September 27, 2020. RetrievedAugust 15, 2017.
  22. ^"Bloomberg Billionaires Index expands to 500". RetrievedAugust 15, 2017.
  23. ^"Bloomberg Billionaires Index - Compare Returns".Bloomberg.com. RetrievedAugust 15, 2017.

External links

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