Michael Saylor joins Bloomberg Billionaires 500 index, his net worth surging $1 billion year-to-date

Michael Saylor, co-founder and executive chairman of Strategy, has seen his net worth surge by $1 billion since the beginning of the year, earning him a spot on the Bloomberg Billionaires 500 Index for the first time. Saylor, ranked 491st on the Bloomberg Billionaires Index, has an estimated net worth of $7.37 billion, a 15.80% increase since January 1st. During the same period, Strategy (MSTR) shares have risen nearly 12%, according to Google Finance. The index tracks the net worth of the world's 500 wealthiest people. About $650 million of Saylor's wealth is held in cash, with the remaining $6.72 billion held in Strategy shares. (Cointelegraph)