Justin Sun, Bloomberg in Legal Dispute Over Billionaires Index

In a developing story, billionaire and Tron founder Justin Sun is locked in a legal battle with Bloomberg over the publication of his personal financial information. The dispute revolves around Sun's inclusion in Bloomberg's Billionaires Index, which reportedly published inaccurate data about his crypto holdings.

Sun has sued Bloomberg in a Delaware federal court, seeking a temporary restraining order to stop the outlet from publishing the information. His representatives claim that Bloomberg published false and private financial information without proper verification or assurance of confidentiality.

"Our client believes that Bloomberg has failed to honor its promise of confidentiality regarding his highly sensitive financial information," said a representative for Tron, in a blog post released on Tuesday. "The inaccurate data published by Bloomberg dramatically and dangerously misrepresents Mr. Sun’s assets."

Sun filed his lawsuit against Bloomberg after being approached by a journalist to include him in the Billionaires Index. The journalist reportedly asked for verification of Sun's assets, which Sun agreed to. However, Sun claimed that he was given explicit assurances that his financial information would be held strictly confidential and used only to verify his net worth.

Sun alleged that Bloomberg planned to publish specific financial holdings alongside misstatements about his holdings, and even used the information for an unrelated article. He also sent a cease and desist letter on August 2, but reportedly confirmed with Bloomberg that they would still publish the article.

Bloomberg has pushed back against Sun's request for a temporary restraining order, arguing that it had already published the information in question. The outlet claims that Sun filed the lawsuit to stop the publication just after 7 pm Eastern US time on Monday, but published the article almost two hours earlier.

Lawyers for Bloomberg said they would oppose the application and argue that it would infringe on their First Amendment rights, governing press and speech freedom. They also claimed that Sun cannot show that the article invaded his privacy or caused irreparable harm.

Bloomberg updated its profile of Sun in the Billionaires Index on Monday, reporting that he owns a large swathe of Tron (TRX), the native token of the blockchain he founded. The outlet attributed the figure to an analysis of financial information provided by representatives of Sun in February 2025.

According to Bloomberg's report, a majority of Sun's net worth came from crypto holdings. However, the outlet gave its confidence in its analysis one star out of five, which Sun argued in Tron's blog post showed the weakness of their reporting.

This dispute highlights the growing tensions between major financial outlets and individual billionaires. In a related development, Binance's CEO Changpeng Zhao (CZ) has threatened to sue Bloomberg over a recent report on a Trump-branded stablecoin.

As the cryptocurrency market continues to evolve, regulations and laws surrounding it will also change. Stay tuned for our upcoming magazine, which explores how crypto laws are changing across the world in 2025.