 "Sumner Redstone")
Lorenzo Servitje Sendra was the oldest person on the Bloomberg Billionaires Index when he died last month with a $4.2 billion fortune.
Thinking ahead, the Mexican billionaire had already transferred his stake in Grupo Bimbo, the world’s largest breadmaker, to his heirs, enabling them to sidestep what amounts to a $2.1 trillion headache for the wealthy. That’s the total net worth — roughly equal to the gross domestic product of India — controlled by the 218 billionaires over age 70 on the Bloomberg index, a daily ranking of the world’s 500 richest people.
“By far the biggest handover ever to the next
