About Me

My photo
I Am Hamza Subedar And Like To Resolve Issues Related Computers Or Any Gadgets So People Who Are Looking My Blog And Following It Kindly Share Your Issue And I Will Provide You Solution For It

Followers

Friday, September 21, 2012

The 10 Americans Who Lost The Most Money This Year


  
Today, and while there are familiar faces at the top, some billionaires had better years than others.
We combed the list to see which billionaires on this year's list had the biggest gains and losses since September 2011.
Biggest Losers:
  1. Mark Zuckerberg  ( -$8.1 billion )  The Facebook founder and CEO saw his initial IPO fail, causing a massive loss in his fortune.
  2. John Paulson  ( -$4.5 billion )  Double-digit losses at his firm has caused his hedge fund to lose a whopping $14 billion in assets.
  3. George Soros  ( -$3 billion )  The hedge fund magnate saw a slight dip in production, but his charitable donations account for a majority of the drop-off.
  4. Harold Simmons  ( -$2.2 billion )  His Valhi holdings company dropped 30 percent in value over the last year, costing him dearly.
  5. Anne Cox Chambers  ( -$1.3 billion )  The media empress saw her net worth decline in part because of a decline in her public competitors.
  6. Mark Pincus  ( -$1.24 billion )  The CEO of Zynga fell completely out of the Forbes 400 because of the decline of his company's games and the Facebook IPO flop.
  7. Philip Falcone  ( -$1.1 billion )  The CEO of Harbinger Capital dropped out of the Forbes 400 in part due to an SEC investigation into his company.
  8. Robert Stiller  ( -$1.05 billion )  The innovator behind Green Mountain Coffee was forced to liquidate many of his shares in the company, reducing his net worth to roughly $250 million.
  9. Sheldon Adelson  ( -$1 billion )  Shares in his Las Vegas Sands casino decreased, causing the billion dollar loss.
  10. Sam Zell  ( -$900 million )  A lowered estimate of the value of Zell's Equity International stake caused the decrease in estimated net worth.
And now the gainers ...
Biggest Winners:
  1. Larry Ellison (+$8 billion) The Oracle CEO has seen his company's stock increase by 20 percent since August 2011.
  2. Bill Gates (+$7 billion) Despite giving away billions, Microsoft's 20 percent bump in shares over the last year and Gates' private investments have led to the monetary gain.
  3. Warren Buffett (+$7 billion) Buffett is another billionaire who's seen his company's (Berkshire Hathaway) shares go up 20 percent over the last year.
  4. Charles Koch (+$6 billion) A rise in revenues for his chemical and Georgia Pacific properties greatly increased his net worth.
  5. David Koch (+$6 billion) Like his brother, the earnings made by Koch Industriesballooned his worth.
  6. Jim Walton (+$5.7 billion) An heir to the Walmart fortune, that company's growth and his role as the CEO of Arvest Bank contributed to his gains.
  7. S. Robson Walton (+$5.6 billion) Walmart's board chairman has received over $420 million in dividends alone over the last year.
  8. Michael Bloomberg (+$5.5 billion) When he's not busy being mayor of New York City, Bloomberg's eponymous company saw its earnings go up 20 percent since 2011.
  9. Alice Walton (+$5.4 billion) She also benefits from the Walmart empire, but her donations to a new art museum ensured she'd only be ninth on the list.
  10. Jeff Bezos (+$4.1 billion) The Amazon founder and CEO saw his company register over $48 billion in 2011 sales.

No comments:

Post a Comment