The centibillionaire club–those with over $100 billion in wealth–likely will be welcoming a new member soon. Forbes now estimates Michael Bloomberg’s wealth at $94.5 billion, making him the sixth richest American. If his wealth continues to grow at the rate it’s grown since 2013, Michael Bloomberg will join the centibillionaire club by the end of the year. At that point, he will be the 10th American to have reached that wealth level (including four whose wealth subsequently slipped below that level).
Forty years ago, the mere billionaire club had just 13 members, and Daniel Ludwig, the richest American at the time, had a total wealth (adjusted for inflation) of $6.15 billion.
