Home / Business / Bizina Ivanishvili’s Net Worth Dropped by $400 Million: Forbes Releases Billionaires List
Bizina Ivanishvili

Bizina Ivanishvili’s Net Worth Dropped by $400 Million: Forbes Releases Billionaires List

Former PM Bidzina Ivanishvili’s net worth is declined by 400 million. According to US based magazine Forbes, Ivanishvili’s net worth totals to 4,8 billion USD, at that his art collection is estimated at $1 billion.

By this index, Ivanishvili is ranked as the 298th on the list of billionaires, he shifted seven levels behind comparing to the previous year.

However, foreign press also reported on the loss of Bidzina Ivanishvili. Credit Suisse, trying to “rearrange” its corporate banking business, is forced to fight in the court toward billionaire.

Bidzina Ivanishvili has filed a lawsuit in the court of Geneva on the loss incurred due to the actions of the Swiss bank Credit Suisse. According to Swiss newspaper Le Temps, Ivanishvili has suffered losses of 100 million francs.

His art collection, worth an estimated $1 billion, includes Dora Maar with Cat by Picasso, which he bought at Sotheby’s in 2006 for $95 million. In June 2015 he bought Niko Pirosmani’s masterpiece, Arsenal Hill at night, paying a record $1.5 million for a painting by a Georgian artist. He then gave the painting to the State Museum of Arts of Georgia.

Leading the list is Bill Gates, still the world’s richest man, with a net worth of $75 billion, followed by Spanish retailer Amancio Ortega, of Zara fame, with $67 billion.

Bizina Ivanishvili

Warren Buffet is in third place with $60.8 billion, fourth place goes to Mexican telecoms mogul Carlos Slim Helu with $50 billion, and fifth place is occupied by Amazon founder Jeff Bezos with $45.2 billion. Mark Zuckerberg, founder of Facebook, came in sixth place with $44.6 billion, up $11.2 billion from last year.