ELI5: Explain Like I'm 5

Bloomberg Billionaires Index

Okay kiddo, have you ever heard of a really rich person? Maybe someone who has a lot of money and owns big things like yachts and fancy cars? Well, Bloomberg Billionaires Index is a list of those really rich people.

Imagine making a list of all your toys, and then ranking them from the one you like the most to the one you like the least. That's kind of what the Bloomberg Billionaires Index does, but instead of toys, it ranks how much money each person on the list has.

The Bloomberg Billionaires Index also tells us how those rich people got their money. Some are really good at investing, some invented things that people really like, and some started big companies that make lots of money.

People like to look at the Bloomberg Billionaires Index to see who is the richest person in the world, and maybe even learn about their life and how they became so rich.

So that's the Bloomberg Billionaires Index, a big list of really rich people and how much money they have, kind of like your own list of toys!