Michael Bloomberg is worth an estimated $106 billion — but you won't find him on the Bloomberg rich list

return2ozma@lemmy.world to News@lemmy.world – 199 points –
Michael Bloomberg is worth an estimated $106 billion — but you won't find him on the Bloomberg rich list
finance.yahoo.com

His wealth has roughly tripled from $35.5 billion in 2015, making him one of only 14 people worth more than $100 billion by Forbes' reckoning. Excluding his fortune leaves a sizable hole in the Bloomberg index.

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Their list has always not included some of the truly richest people in the world, like for example some Saudis. It's a pretty meaningless list.

Pretty sure Forbes and Bloomberg also exclude criminals who obtained their wealth illegally

Edit: looks like Saudis are excluded for similar reasons

Fun fact. Fourbe in French a means dishonest person. A liar. A hypocrite.

I always thought Forbes looked a lot like that word.

Hey, I said illegal not unethical or immoral. Not defending anyone who is on the list lol

Wow, such nonsense. ALL billionaires obtained significant portions of their wealth illegally

As I said in another comment, illegal /= unethical or immoral. Most people on the list used shady, yet legal, practices. Few probably engaged in outright illegal acts to obtain their wealth.