30 Entrepreneurs That Lost Lots Of Money This Recession

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Hello Everyone,

The credit crunch / so-called recession will made some people very rich (look at the history of past recessions to see that) but like it or not it is the case that some established entrepreneurs have lost billions in last year! The list below is of the biggest loss’s in the last year! The main reason for the huge drops in net worth are because their net worth is estimated by the amount of shares they have in their company so when Google’s share price drops, Larry and Sergey’s net worth drops with it. It is also notable that Roman Abramovich lost $2.5 Billion in 2007 when he split with wife, Irina.

Although these huge companys have taken a huge hit in share price, it doesn’t mean that everything is all bad. Google still earns $691.27 a second and is set to have its best year yet! If you want a piece of the pie then you can create you own website by signing up for my 7 day FREE eCourse and checking out my blogging resources.

There is two sides to every equation, its up to you whether or not you make it! Have the end in mind and make sure every day you are working towards it! The other interesting point about these 30 entrepreneurs is that they all remain Billionaires 😉

The Recession Made Them Broke

RANK
PERSON
2008 NET WORTH
2009 NET WORTH
LOSS OF WEALTH
1
Anil Ambani

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42.0 Billion
10.1 Billion
31.9 Billion
2
Lakshmi Mittal

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45.0 Billion
19.3 Billion
25.7 Billion
3
Carlos Slim

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60.0 Billion
35.0 Billion
25.0 Billion
4
Warren Buffett

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62.0 Billion
37.0 Billion
25.0 Billion
5
Mukesh Ambani

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43.0 Billion
19.5 Billion
23.5 Billion
6
William Gates III

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58.0 Billion
40.0 Billion
18.0 Billion
7
Alexei Mordashov

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21.2 Billion
4.3 Billion
16.7 Billion
8
Vladimir Lisin

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20.3 Billion
5.2 Billion
15.1 Billion
9
Roman Abramovich

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23.5 Billion
8.5 Billion
15.0 Billion
10
Mikhail Fridman

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20.8 Billion
6.3 Billion
14.5 Billion
11
Kirk Kerkorian

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16.0 Billion
5.0 Billion
11.0 Billion
12
Li Ka-shing

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26.5 Billion
16.2 Billion
10.3 Billion
13
Mikhail Prokhorov

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19.5 Billion
9.5 Billion
10.0 Billion
14
Lee Shau Kee

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19.0 Billion
9.0 Billion
10.0 Billion
15
Liliane Bettencourt

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22.9 Billion
13.4 Billion
9.5 Billion
16
Shashi & Ravi Ruia

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15.0 Billion
5.6 Billion
9.4 Billion
17
Francois Pinault & family

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16.9 Billion
7.6 Billion
9.3 Billion
18
Bernard Arnault

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25.5 Billion
16.5 Billion
9.0 Billion
19
Ingvar Kamprad

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31.0 Billion
22.0 Billion
9.0 Billion
20
Prince Alwaleed

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21.0 Billion
13.3 Billion
7.7 Billion
21
Sergey Brin

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18.7 Billion
12.0 Billion
6.7 Billion
22
Larry Page

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18.6 Billion
12.0 Billion
6.6 Billion
23
David Thomson & family

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18.9 Billion
13.0 Billion
5.9 Billion
24
Nasser Al-Kharafi & family

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14.0 Billion
8.1 Billion
5.9 Billion
25
Karl Albrecht

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27.0 Billion
21.5 Billion
5.5 Billion
26
Paul Allen

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16.0 Billion
10.5 Billion
5.5 Billion
27
Michael Otto & family

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18.2 Billion
13.2 Billion
5.0 Billion
28
Abigail Johnson

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15.0 Billion
10.0 Billion
5.0 Billion
29
Jacqueline Mars

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14.0 Billion
9.0 Billion
5.0 Billion
30
John Mars

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14.0 Billion
9.0 Billion
5.0 Billion
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