Renowned American entrepreneur and Bitcoin billionaire, Michael Saylor, has been added to the Bloomberg Billionaires Index. Notably, Saylor’s worth has risen by approximately $1 billion since the start of this year, to $7.3 billion, representing a 16% increase. As a result, he has secured the 491st position on the index.
Saylor co-founded and is the executive chairman of Strategy, an American-based business intelligence firm, and the world’s first institutional bitcoin investor. Strategy holds about 636,505 BTC valued at over $70 billion.
World’s 491st Richest Man
Remarkably, Strategy’s BTC holdings contributed significantly to Saylor’s recent achievement, as approximately $6.7 billion, over 90% of his net worth, is tied to the over 9% stake he holds in the company. Thus, an increase in the value of Strategy’s stock would remarkably boost Saylor’s worth and position in the index. For the remaining $650 million, Bloomberg projects that Saylor holds the money in cash.
Meanwhile, in an August 2024 Bloomberg Open Interest interview, Saylor revealed that he has held over 17,700 BTC since 2020, valued at nearly $2 billion. However, this has not been included in Saylor’s worth for several reasons, including that Saylor has not publicized his personal bitcoin wallet, making it difficult for researchers to verify the authenticity of the figure.
Notably, Saylor is not the only crypto-enthusiast on the Bloomberg Billionaires Index; Changpeng Zhao (CZ), founder of the renowned crypto exchange, Binance, is the leading pro-crypto individual on the list, ranking 40th with $44.5 billion. Coinbase CEO Brian Armstrong also sits ahead of Saylor, securing the 234th position with $12.8 billion.
Strategy Misses out on S&P 500
While Strategy has joined Bloomberg’s Billionaires Index, his company, Strategy, did not enter the S&P 500 after the August reshuffle, despite meeting some of the criteria. This development shocked investors as Strategy’s MSTR dropped by 3% when the new list was released without including Strategy.
In place of Strategy, American trading platform Robinhood and AppLovin, a mobile technology company, entered the S&P 500. Their stocks, HOOD and APP, witnessed a substantial increase hours after the index inclusion.
Meanwhile, Strategy still maintains its position in the Nasdaq 100 index despite the disappointing decision by the S&P’s index committee.












