How Silicon Valley's wealthiest people fared on latest Bloomberg Billionaires Index - Silicon Valley Business Journal (2024)

FAQs

Who is the richest person according to Bloomberg Billionaires Index? ›

Bernard Arnault, chairman of LVMH, is the richest person and the richest man in the world with a net worth of $215 billion. After Arnault is Jeff Bezos, founder of Amazon. Other billionaires with some of the largest net worths include Tesla's Musk, Microsoft's Bill Gates, and Oracle's Larry Ellison.

The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share's most recent closing price.

According to the October 2023 Survey Of Consumer Finances, a household net worth in the top 10 percent in 2022 was approximately $7.8 million. Consequently, a top 1% net worth would exceed $13 million.

If you want a month-wise breakup then, the highest number of billionaires, at 11, were born in October, followed by five each in August and June, four each in January, February, March, April and September, three in May, two in July and one in November. No billionaires were born in December.

According to the San Francisco Chronicle, nearly all of California's 10 richest residents — the four wealthiest of whom have 12-figure net worths — live in the San Francisco Bay area, where Charles Schwab says you need at least $4.7 million to be considered rich.

[5] In 2014 in Los Angeles and Orange counties, US-born whites had a much higher median household net worth ($355,000) than did most non-whites, including Latinx households ($46,000) and US-born blacks ($4,000).

New York City once again is home to the most billionaires in the world: It's the primary residence of an estimated 110 billionaires who are worth a collective $694 billion. The Big Apple has long dominated the ranks, coming in at No. 1 for all but one of the past 11 years. (Beijing briefly took the top spot in 2021.)

Clemente Del Vecchio

Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.

Who is the richest girl in the world? ›

Since 2021, Francoise Bettencourt Meyers has been listed as the world's wealthiest woman.

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.

And now, as of February 2024? Bloomberg reported that Taylor's net worth is officially $1.1 billion.

The total wealth of Mexico's 14 ultra-rich individuals has almost doubled since the start of the [Covid-19] pandemic. In particular, that of Carlos Slim, the richest man on the continent, who has almost as much wealth as around 63.8 million Mexicans."

Michael Bloomberg is worth an estimated $106 billion — but you won't find him on the Bloomberg rich list. Michael Bloomberg ranked 12th on Forbes' rich list with an estimated $106 billion fortune. The Bloomberg LP founder doesn't appear on the Bloomberg Billionaires Index due to editorial policy.

Bloomberg's WealthScore tool offers a financial-health checkup based on questions about your age, household size, income, spending, debts and assets.