Price the rich, real time | FT Alphaville

Price the rich, real time

We initially thought this was from The Onion, but it appears not

Carlos Slim, the telecommunications tycoon who controls Mexico’s America Movil SAB (AMXL), is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 20 wealthiest individuals…

Shoot us now.

The 72-year-old’s net worth fell $478.4 million in a day to $68.5 billion as of the close of markets on March 2, as U.S. moguls Bill Gates and Warren Buffett placed second and third on the list compiled by Bloomberg News…

That’s after contacting  four internal sources familiar with the composition of the index by telephone and email, although these Bloomberg LP personnel are not authorised to speak to the media, we guess.

The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. Each net worth figure is updated every business day at 5:30 p.m. in New York. The valuations are listed in U.S. dollars.

Today’s ranking was published with the release of new billionaires profile pages in the Bloomberg Professional service. The profiles feature a transparent analysis of how each billionaire’s fortune was calculated.

Slim’s fortune has increased 11 percent this year, according to the index. A spokesman for Slim didn’t immediately return a telephone request for comment.

What fat, useless journalism.

Anyway, where’s Michael R. Bloomberg in this list? Oh. From the Gothamist…

Bloomberg Not On Bloomberg Billionaires Index!

Bloomberg News published its first Bloomberg Billionaires Index—and its founder, Mayor Michael Bloomberg, is nowhere to be found! Probably because his net worth is estimated to be in the $20 billion range.


Bloomberg News editorial policy is to not cover Bloomberg LP. As a result Michael Bloomberg, the founder and majority owner of Bloomberg LP, won’t be considered for this ranking.

Compilation guff here.

Further Bloomberg reading:
Lesbian Quant Finds Holocaust Roots With Psycho Voyeur’s Help