Bloomberg removed Ivanishvili from its Billionaire Index due to a decrease in his assets to USD 3.6 billion. According to the estimations, Ivanishvili lost USD 3.2 billion in the first three weeks of April.
The fact is that the founder of the Georgian Dream and businessman Bidzina Ivanishvili is no longer on the Bloomberg 500 billionaires list, although the Bloomberg terminal shows that the platform still calculates Ivanishvili's assets and estimates his assets at USD 3.6 billion.
The Bloomberg Billionaires Index features the 500 richest people on the planet. If a person’s net worth is less than $6.3 billion, they are removed from the list.
On December 27, 2024, the United States Treasury Department imposed sanctions on former Prime Minister of Georgia Bidzina Ivanishvili. It remains unclear yet, if sanctions have reduced Ivanishvili’s wealth on all platforms. BM.GE is working with international platforms to determine whether the sanctions have reduced Ivanishvili’s wealth.
