Crying crocodile tears for billionaire busts

By Laurie Bennett

December 17, 2008 at 7:53am

Here’s a Forbes list the rich guys would have preferred to avoid: America’s Biggest Billionaire Losers of 2008.

Top loser: casino mogul Sheldon Adelson. Shares of his Las Vegas Sands reached high of $144 per share in 2007. This year, they’ve shed 95 percent of their value, wiping $24 billion from Adelson’s personal fortune.

Forbes ranked the top 25 losers of billionaires whose wealth was based in publicly traded companies. Altogether, they’ve lost $167 billion this year.

Second on the list was the heretofore invulnerable Warren Buffett, who lost $16.5 billion. He was followed by good friend Bill Gates, whose losses are estimated at $12.3 billion.

Other big losers:

  • Kirk Kerkorian
  • Larry Page
  • Sergey Brin
  • Larry Ellison
  • Sumner Redstone
  • Steve Balmer
  • Charles Ergen
Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

This post is tagged with: , , ,
 Read related stories: Business · Recent Stories · Top one percent  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC