The Strategist

Bill Gates moves down to third place in Bloomberg Billionaires Index

07/18/2019 - 10:20

French businessman, president of Louis Vuitton Moët Hennessy group of companies, Bernard Arnault moved up to the second line of the world billionaires list, pushing Bill Gates, the founder of the American technology corporation Microsoft, down to the third place.

United States Mission Geneva
United States Mission Geneva
As the Bloomberg Billionaires Index (BBI) shows, Arnault has increased his net worth to $ 107.6 billion, and Gates has $ 200 million less. Thus, the founder of the American IT giant dropped to third place for the first time in the seven-year history of the billionaire index.

At the same time, Jeff Bezos, the founder of the American online retailer Amazon, who has a fortune of $ 125 billion, firmly holds the lead in this list.

The Bloomberg Billionaires Index assesses personal fortunes of businessmen based on market quotations of their assets and macroeconomic conditions. Total BBI ranking includes the 500 richest people in the world.

Meanwhile, at the end of May, Bloomberg journalists found out that Jeff Bezos’s fortune was almost three times lower than assets of the first dollar billionaire in the world, John Rockefeller (1839–1937).

At that, the analysts did not recalculate the capital of the deceased magnate into the current dollar rate. Otherwise, Rockefeller with $ 1.5 billion at the rate of the last year of his life, or with $ 26 billion at the present, would be poorer than Bezos with his $ 117 billion (as of May).

Instead, the analysts used a technique to assess volume of net worth relative to the volume of the gross domestic product (GDP) of the United States, said Measuringworth. At this estimate, Rockefeller would have owned $ 331 billion.


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