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
|
42.0 Billion
|
10.1 Billion
|
31.9 Billion
|
|
2
|
Lakshmi Mittal
|
45.0 Billion
|
19.3 Billion
|
25.7 Billion
|
|
3
|
Carlos Slim
|
60.0 Billion
|
35.0 Billion
|
25.0 Billion
|
|
4
|
Warren Buffett
|
62.0 Billion
|
37.0 Billion
|
25.0 Billion
|
|
5
|
Mukesh Ambani
|
43.0 Billion
|
19.5 Billion
|
23.5 Billion
|
|
6
|
William Gates III
|
58.0 Billion
|
40.0 Billion
|
18.0 Billion
|
|
7
|
Alexei Mordashov
|
21.2 Billion
|
4.3 Billion
|
16.7 Billion
|
|
8
|
Vladimir Lisin
|
20.3 Billion
|
5.2 Billion
|
15.1 Billion
|
|
9
|
Roman Abramovich
|
23.5 Billion
|
8.5 Billion
|
15.0 Billion
|
|
10
|
Mikhail Fridman
|
20.8 Billion
|
6.3 Billion
|
14.5 Billion
|
|
11
|
Kirk Kerkorian
|
16.0 Billion
|
5.0 Billion
|
11.0 Billion
|
|
12
|
Li Ka-shing
|
26.5 Billion
|
16.2 Billion
|
10.3 Billion
|
|
13
|
Mikhail Prokhorov
|
19.5 Billion
|
9.5 Billion
|
10.0 Billion
|
|
14
|
Lee Shau Kee
|
19.0 Billion
|
9.0 Billion
|
10.0 Billion
|
|
15
|
Liliane Bettencourt
|
22.9 Billion
|
13.4 Billion
|
9.5 Billion
|
|
16
|
Shashi & Ravi Ruia
|
15.0 Billion
|
5.6 Billion
|
9.4 Billion
|
|
17
|
Francois Pinault & family
|
16.9 Billion
|
7.6 Billion
|
9.3 Billion
|
|
18
|
Bernard Arnault
|
25.5 Billion
|
16.5 Billion
|
9.0 Billion
|
|
19
|
Ingvar Kamprad
|
31.0 Billion
|
22.0 Billion
|
9.0 Billion
|
|
20
|
Prince Alwaleed
|
21.0 Billion
|
13.3 Billion
|
7.7 Billion
|
|
21
|
Sergey Brin
|
18.7 Billion
|
12.0 Billion
|
6.7 Billion
|
|
22
|
Larry Page
|
18.6 Billion
|
12.0 Billion
|
6.6 Billion
|
|
23
|
David Thomson & family
|
18.9 Billion
|
13.0 Billion
|
5.9 Billion
|
|
24
|
Nasser Al-Kharafi & family
|
14.0 Billion
|
8.1 Billion
|
5.9 Billion
|
|
25
|
Karl Albrecht
|
27.0 Billion
|
21.5 Billion
|
5.5 Billion
|
|
26
|
Paul Allen
|
16.0 Billion
|
10.5 Billion
|
5.5 Billion
|
|
27
|
Michael Otto & family
|
18.2 Billion
|
13.2 Billion
|
5.0 Billion
|
|
28
|
Abigail Johnson
|
15.0 Billion
|
10.0 Billion
|
5.0 Billion
|
|
29
|
Jacqueline Mars
|
14.0 Billion
|
9.0 Billion
|
5.0 Billion
|
|
30
|
John Mars
|
14.0 Billion
|
9.0 Billion
|
5.0 Billion
|