Billionaire Rankings: Bloomberg Launches Daily List of the World’s Richest People

Most of the news this year, however, appears to be good for the world’s richest — perhaps a sign of a perkier global economy in 2012. Seventeen of the 20 billionaires on the list have added to their net worth year-to-date. The only three losers were Walmart heirs Christy, Jim and Samuel Robson Walton, likely reflecting the fact that Walmart stock has lost ground in 2012.

Charting the wealth of the world’s most outrageously wealthy used to be strictly the purview of Forbes magazine, whose own billionaires list is published each March and is due out later today Wednesday. But this year the magazine has been scooped by the upstart Bloomberg News organization, whose daily list attempts to make the Forbes version obsolete. According to the New York Post, however, Forbes will come out with its own daily rankings later this month.

Bloomberg fired the opening salvo in this war for wealth coverage last winter when it announced it would be producing its own global rich list and was hiring Forbes magazine veteran Matthew Miller to head up the project. Miller spent seven years at Forbes and was the editor of the America-focused Forbes 400, as well as the co-editor of the Forbes World’s Billionaires list.

(MORE: ‘Gordon Gekko’ Joins FBI Battle Against Wall Street Fraud)

One blind spot to Bloomberg’s coverage, however, will be the company’s majority owner and erstwhile CEO, and New York City’s mayor. According to Forbes, Michael Bloomberg is America’s 12th richest man and the world’s 30th. He won’t be appearing in any of Bloomberg News’ coverage, however, as it is the company’s editorial policy not to cover Bloomberg LP.


From batting averages to polling numbers, we live in an age of real-time data. Now, thanks to Bloomberg News, you can add billionaires’ net worth to the list of statistics you can look up day to day. Bloomberg News launched its Bloomberg Billionaires Index yesterday, a daily ranking of the world’s 20 wealthiest people. The list will be updated daily based on “market and economic changes and Bloomberg News reporting.” It will also include a yearly and daily accounting of how much these tycoons’ holdings have fluctuated.

 

Let’s just say these numbers trump whatever you won or lost at the roulette table in Atlantic City, N.J., last weekend. On the day of its launch, the index estimated that the world’s wealthiest man, Mexican telecom magnate Carlos Slim Helú, lost nearly half a billion dollars in the previous 24 hours. The No. 2 richest man, Bill Gates, saw his net worth tumble by $102 million in the same time span. Leer más “Billionaire Rankings: Bloomberg Launches Daily List of the World’s Richest People”

Four Words That Will Stop China Eating Your Lunch

Still a business & Style icon : Gordon ‘Greed is Good’ Gekko.

Lord Digby Jones wrote a great piece in the Sunday Times today that made him sound like a modern day Gordon Gekko. Since Wall Street 2 has sadly been put back until September 24th, I guess I’ll have to live with these fine words from the Minister of State for UK Trade & Investment in the meantime…

We live in a world where China wants your lunch, and India wants your dinner. This century belongs to Asia, and if we’re going to trade our way out of this economic malaise, we can’t rely on price to do it. Lord Digby Jones

Only last week I was encouraging a client not to compete on price. “Only one company can ever be the cheapest” I said, “…and chances are it’s not you“. Everyone else must therefore compete on price, great design and great branding in order to stand out in a very crowded market place.

There are four words companies need to compete: QUALITY, VALUE-ADD, INNOVATION and BRAND. By innovation, I don’t mean invention; it might be taking an idea to market like ‘how do you check people in at a hotel’. By brand, I mean building a reputation in your sector for doing things like training your people better every day.


by jeremywaite

Still a business & Style icon : Gordon ‘Greed is Good’ Gekko.

Lord Digby Jones wrote a great piece in the Sunday Times today that made him sound like a modern day Gordon Gekko. Since Wall Street 2 has sadly been put back until September 24th, I guess I’ll have to live with these fine words from the Minister of State for UK Trade & Investment in the meantime…

We live in a world where China wants your lunch, and India wants your dinner. This century belongs to Asia, and if we’re going to trade our way out of this economic malaise, we can’t rely on price to do it.  Lord Digby Jones

Only last week I was encouraging a client not to compete on price.  “Only one company can ever be the cheapest” I said, “…and chances are it’s not you“.  Everyone else must therefore compete on price, great design and great branding in order to stand out in a very crowded market place.

There are four words companies need to compete: QUALITY, VALUE-ADD, INNOVATION and BRAND.  By innovation, I don’t mean invention; it might be taking an idea to market like ‘how do you check people in at a hotel’.  By brand, I mean building a reputation in your sector for doing things like training your people better every day. Leer más “Four Words That Will Stop China Eating Your Lunch”