10 billionaires who have lost all their billions

10 billionaires who have lost all their billions

Sometimes the higher you take off, the harder it is to fall. Before you is a list of ten billionaires who have lost their capital for various reasons.

1. The net worth of an Icelandic billionaire is zero.

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Billionaire Bergolfolf Gudmundsson, who was previously considered the second richest man in Iceland, declared bankruptcy in 2009. Although his main business was making beer, the billionaire made his fortune as a shareholder of Landsbanki, Iceland’s second-largest bank, and owner of West Ham football club.

Now his debt is $ 1.4 billion. His financial empire collapsed after the almost complete collapse of the Icelandic banking system a year earlier, during the crisis, as a result of which his own capital became zero.

2. Allen Stanford turned from a billionaire into a prisoner

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Texas-born Allen Stanford had it all: his own planes, yachts and a personal professional cricket team. At the peak of his career, he was recognized as one of the richest people in America and entered the list of 400 richest people in the world according to the magazine «Forbes».According to preliminary estimates, its capital was $ 2.2 billion.

In 2009, Stanford was found guilty of fraud: his offshore bank in Antigua issued clients certificates of deposit at exorbitantly high interest rates, and then the banker used his clients' money for his own needs, in particular, to maintain an extremely wasteful lifestyle. At the moment, about 20 thousand investors expect the return of their money, and Stanford is serving a term of 110 years for theft of $ 7 billion.

3. Billionaire Sean Quinn Lost All Property In Irish Property Scam

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In 2008, Sean Quinn was considered the richest man in Ireland - the value of his assets was estimated at $ 6 billion. In 2007, Quinn invested most of his personal fortune in an Anglo-Irish bank that credited construction in Ireland. In just a few months, Quinn’s investments suffered huge losses as the construction business in the country became unprofitable.

Ireland nationalized the bank a year later to prevent further depreciation of funds, but Quinn's investment of $ 2.8 billion was destroyed.The new bank, IRBC, took possession of its property, including the Quinn Group. As a result, Quinn and his family had only $ 15 thousand left on three bank accounts.

4. Japanese businessman Masayoshi San has lost the largest personal fortune in history.

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Masayoshi San has lost a whopping $ 70 billion in equity, but still remains the second richest person in Japan. In 1981, San, called the “Japanese Bill Gates,” founded SoftBank, which later became the largest telecommunications and Internet corporation in Japan. During the dotcom boom, SoftBank was valued at $ 180 billion, and San owned a fortune of $ 78 billion.

During the Internet collapse in 2004, the value of the corporation's shares fell by 98%, and San lost a huge amount of money - in fact, no one lost more in the entire history of mankind. San did not despair - after a few years, the value of SoftBank shares rose again. With the acquisition of Sprint, SoftBank now has a real chance to become the third largest mobile communications company in the world. As for Sana, he has already returned most of his fortune.

5. Eighth among the richest people in the world lost billions after oil deposits were exhausted.

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Brazilian Eike Batista was the eighth among the richest people in the world.He often boasted that one day would be number one on the planet. Instead, he lost most of his fortune - $ 33 billion - 16 months after the oil exploration company OGX, which was under his control, went bankrupt.

Batista built a drilling rig five hours north of Rio de Janeiro, bought trucking companies and oil tankers — all designed to develop the supposedly found OGX rich oil fields. However, the amount of oil in the company's reserves turned out to be exaggerated, and Batista’s promises to investors were nothing more than a shaking of the air. Four of the five oil fields have since been abandoned.

6. One of the five richest people in the world lost $ 40 billion.

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Yasumitsu Shigeta, the founder of the mobile telecommunications company Hikari Tsushin, was previously one of the richest people in the world. His property was estimated at $ 42 billion, but then followed a crisis affecting the Japanese IT industry. In just one day, the value of Shigety's assets dropped to $ 5 billion.

As a result, the Hikari Tsushin fund fell sharply, and Shigeta lost $ 40 billion.By 2009, its share in the company had shrunk to just $ 600 million. Without fear, Shigeta directed Hikari Tsushin to new industries — for example, insurance and stationery. This expansion, combined with aggressive sales tactics, saved him and his company from ruin.

7. Bill Gates lost his title to the world's richest man after donating billions to charity.

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Bill Gates, the founder of Microsoft, lost the title of the richest man in the world in 2010, when he gave billions to a charitable foundation. Gates and his wife donated more than $ 28 billion to various charity events: a third of their fortunes went to the Bill and Melinda Gates Foundation, which is focused on developing education and healthcare in the United States. Although Gates’s current fortune is estimated at about $ 67 billion, the businessman himself says that after a certain moment, the money has ceased to mean anything to him: it is much more useful to allocate part of his resources to those who really need them.

It should be noted that the state of Gates decreased precisely because of the donation - he did not lose control over his money.Nevertheless, his huge contribution to charity also makes him, to some extent, the richest person in the world - even if not in terms of the amount of money in a bank account.

8. The former billionaire signed on his own recognizance, but asked for permission to attend the opera.

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Alberto Vilar lost most of his fortune in 2011, when the technology market underwent some decline. However, it is even worse that the famous investor and philanthropist was convicted of deceiving his clients, whose investments in the amount of several million dollars were used for his own needs.

In 2008, Vilar was sentenced to nine years in prison for fraud. He appealed his sentence, but was again found guilty. True, he may receive a shorter term, since mistakes made during the trial were found. Now Vilar, in anticipation of a new sentence, has received a written undertaking not to leave the place. He appealed to the authorities to allow him to go to the opera and received permission - the old habits die hard.

9. The founder of "Ikea" of his own free will lost $ 17 billion

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The founder of Ikea, Ingvar Kamprad, is known for his modesty bordering on eccentricity: he drives a 20-year-old Volvo, re-brews tea bags, and furnishes his house with Ikea furniture, which he collects himself.

According to rumors, Kampard's property is estimated at $ 23 billion. However, in 2010 his capital decreased significantly, as he voluntarily refused $ 17 billion: his lawyers proved that most of the money actually belongs to his foundation (which also owns part of Ikea) and is not part of his personal wealth.

Although Kampard claims to have little control over Ikea and its assets, he, according to data from several independent sources, retains full control and authority over the company. In addition, his foundation is based in one of the countries with the most stringent tax laws - Liechtenstein.

10. Brothers from India lost billions in depreciation of the rupee

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For ten years after the death of their father, billionaires Anil and Marques waged war against each other. Markesh, the richest man in India, owns the telecommunications giant Reliance Industries, and his brother Anil owns Reliance Communications, whose services are used by more than 150 million mobile subscribers. The company owns millions of kilometers of fiber-optic cable and tens of thousands of cell phone towers. In 2013, the brothers decided to merge the two companies and make the relationship between them less tense.

A few minutes after their announcement, the rise in the value of the shares of both companies ceased. Somewhat later, in May 2013, the Indian rupee began to cost much less on the global financial market. As a result, Markesh lost $ 5.6 billion of his personal fortune within four months, and his brother Anil lost $ 1.3 billion over the same period. However, after some time the rupee rate stabilized, so the brothers returned their money.

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  • 10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions

    10 billionaires who have lost all their billions