Tuesday, March 6, 2012

Billionaires' Index Created By Bloomberg

International financial news giant Bloomberg has just started the Bloomberg's Billionaires Index to measure the changes in daily wealth of the world's wealthiest individuals.  The firm's founder, current New York City Mayor Michael Bloomberg, is not included on the list.  Carlos Slim, the Mexican telecommunications kingpin, heads the list as the world's richest man at $68.5 billion.  Bill Gates, founder of Microsoft, ranked second at $62.4 billion.  This level of wealth means that either of them could lose hundreds of millions of dollars on a given day and hardly feel it.  Warren Buffet ranks third at $43.8 billion.  Meanwhile, 90% of all Americans would probably be content to earn 0.01-0.02% of this amount of wealth over the course of their entire lives.

http://www.washingtonpost.com/business/economy/bloombergs-billionaires-index-a-daily-measure-of-the-worlds-wealthiest-people/2012/03/05/gIQADpansR_story.html;

http://www.bloomberg.com/news/2012-03-05/slim-beats-gates-in-global-daily-ranking-of-billionaires.html

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