Bidzina Ivanishvili, the founder of Georgian Dream and former Prime Minister of Georgia, has been removed from Bloomberg’s Billionaire Index after a noticeable decline in his fortune.
The Bloomberg’s latest data suggests Ivanishvili’s net worth has dropped to $3.6 billion, excluding him from the list, which only features individuals with assets exceeding $6.3 billion. Estimates suggest Ivanishvili lost $3.2 billion in just the first three weeks of April. Although he no longer appears in the top 500 richest individuals, Bloomberg’s terminal continues to monitor and calculate Ivanishvili’s assets.
The development took place after the U.S. Treasury Department imposed sanctions on Ivanishvili on December 27, 2024. However, it remains unclear whether these sanctions directly affected the reported drop in his wealth across all financial platforms.
