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Grizzly Bulls’ Billionaires Index

⬅ # 628 Qi Shi|# 630 Albert Chao ➡

# 629 Bidzina Ivanishvili 

$4.99B

Real Time Net Worth
as of 7/25/2024
$246 (0.00%)

# 629 Bidzina Ivanishvili 

$4.99B

Real Time Net Worth
as of 7/25/2024
$246 (0.00%)
OccupationFormer Prime Minister of Georgia
Source of WealthInvestments
Age68
ResidenceTbilisi, Georgia
Marital StatusMarried
Children4
Age-Adjusted Net Worth$2.90B
Bidzina Ivanishvili
Bidzina Ivanishvili
Georgia
Net worth: $4.99B

Self-Made Score 

Wealth History

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Biography

Early Life and Career

Bidzina Ivanishvili was born on February 18, 1956, in the village of Chorvila, Georgia, to a poor family.
He graduated from the Tbilisi State University's Faculty of Engineering and Economics in 1980 and pursued a PhD in economics at the Moscow State University of Railway Engineering in 1982.
In 1988, Ivanishvili entered business, initially founding a cooperative in the Soviet Union.
He partnered with Vitaly Malkin, engaging in the sale of computers and later importing push-button telephones in Russia.
The profits from these ventures allowed him to enter the lucrative metals and banking sectors, contributing to his substantial wealth.
In 2002, Ivanishvili left Russia and moved to France before returning to Georgia in 2003.

Political Career and Philanthropy

In 2012, Ivanishvili founded the Georgian Dream-Democratic Georgia party and became Prime Minister after winning the parliamentary elections.
During his tenure, he focused on social spending increases and fiscal consolidation.
Implemented reforms included the Universal Healthcare Program and a new Labour Code in line with international standards.
He also spearheaded prison reform, addressing overcrowding, torture, and abuse issues.
Ivanishvili supported the Rose Revolution and donated $1 billion to Georgia for reforms and infrastructure development.
He financed the construction of Tbilisi's Sameba Cathedral and supported various government initiatives.

Financial Ventures and Legal Battles

Ivanishvili entrusted around $1 billion to Credit Suisse, but over $100 million was reportedly stolen by the bank's manager, Patrice Lescaudron.
Lescaudron was found guilty in February 2018 and sentenced to five years in prison.
In December 2022, Credit Suisse paid Ivanishvili $210 million following a court decision.
This legal battle showcased Ivanishvili's significant financial dealings and the challenges he faced in protecting his assets.
Despite setbacks, Ivanishvili remains one of Georgia's wealthiest individuals, with interests spanning various industries.
His resilience in navigating legal challenges underscores his shrewdness in managing his business affairs.

Foreign Relations and Political Legacy

Under Ivanishvili's government, Georgia deepened ties with the European Union, initiating visa liberalization talks and a comprehensive free trade agreement.
Relations with Russia also thawed, with discussions held and the lifting of Russian embargoes on Georgian products.
Ivanishvili pursued a pragmatic foreign policy, balancing Georgia's strategic interests with its regional dynamics.
Despite criticism for being perceived as too lenient towards Russia, Ivanishvili maintained a commitment to upholding Georgia's national interests.
His tenure saw Georgia maintaining its trajectory of reform and integration, despite shifting political landscapes.
Ivanishvili's political legacy is marked by his contributions to Georgia's economic and social development, alongside his role in shaping its foreign relations.

How long would it take you to become as rich as Bidzina Ivanishvili?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Bidzina Ivanishvili's net worth of $4.99B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Bidzina Ivanishvili is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Bidzina Ivanishvili, Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey