Bloomberg: Bidzina Ivanishvili’s Wealth Increased by $275m in One Year

Bloomberg Billionaires Index, which lists 500 richest persons of the planet, reads that the capital of Georgia’s former Prime Minister, tycoon Bidzina Ivanishvili has increased by $275 million during one year and amounted to $5.72 billion.

In the list of 500 richest people, Ivanishvili takes 305th position.

Bloomberg reports that Ivanishvili, 61, made his fortune in post-Soviet Russia during the 1990s, building a collection of iron ore producers, steel plants, banks and real estate.

“He sold the majority of his assets between 2003 and 2006, and the rest in the run-up to his election as Georgian prime minister in October 2012. He stepped down after a year in office,” the Bloomberg says.

Top 10 list of billionaires is led by Bill Gates ($88.0B, USA), followed by  Jeff Bezos ($83.5B, USA), Warren Buffett (81.1 B, USA), Amancio Ortega (78.3 B, Spain), Mark Zuckerberg (72.4B, USA), Carlos Slim ($61.4B, Mexico), Bernard Arnault ($57.5B,France),  Larry Ellison ($55.2B, USA), Larry Page ($49.3B, USA) and Sergey Brin ($48.2B, USA).

By Thea Morrison