Ideas
Explore the world's #1 largest database of ideas and innovations, with over 400,000 inspiring examples.
Insights
Uncover major shifts and emerging opportunities with our exclusive PRO research.
Trend Reports
Discover why 750 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join over 200,000 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
Books
Join 20,000,000+ people getting better and faster with our New York Times Bestselling methods, best innovation books & keynote videos.
Dashboard
Get special access to premium content, topic tracking and customizable tools through our AI-powered Dashboard.
AI
Learn how the Trend Hunter harnesses the power of artificial intelligence.
Assessment
Enhance your innovation potential with a deeper understanding of your unique innovation archetype and how your organization benchmarks.
Overview
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Keynotes & Workshops
Empower your team with the insights and frameworks they need to innovate better and faster.
Custom Research
Get fast, customized trend reports, presentations and deep dives 20x faster than traditional research.
Plans
Get started today with a free consultation, our self-serve tools, or a dedicated program.
Jeremy Gutsche
Ignite your event with our CEO, a NY Times Bestselling Author and one of the top innovation keynote speakers.
Our Team of Futurists
Inspire your group with our most popular speakers on innovation, trends, change and futurism.
Contact
Get in touch to learn more, ask a question or submit a tip.
About Us
Learn more about Trend Hunter and how we accelerate innovation.
FAQ
Get answers to common questions about Trend Hunter.
Community
Stay on the cutting-edge with the help of the Trend Hunter community.
Team
Meet the team trusted by hundreds of leading businesses worldwide.
Jobs
Find opportunities to accelerate your career with the #1 Trend Firm.
Internships
Grow your professional skillset in an award-winning workplace.
News
Catch up on noteworthy Trend Hunter news and media mentions.
Join
Build a portfolio and put your trend-spotting abilities to the test.
Advertising
Supercharge your marketing by partnering with Trend Hunter.
Portfolio
Visit your public portfolio and browse your past articles.
Add a Trend
Write up an article and showcase your trend-spotting skills.
My Trends
Edit your articles and see how they stack up on the leaderboards.
Settings
Edit your profile, connect your social media accounts, and more.
Add a trend, customize your dashboard, or track topics.
Future Festival
World Summit
Join the world's top innovators at our 3-Day Toronto event.
1-Day Innovation Events
Explore our 2019 tour dates and find the best city to inspire your team.
Custom Events
Host a custom innovation conference in your city that will inform and inspire.
Custom Training
Bring the Future Festival experience directly to your team with custom training packages.
Search our database of over 390,000 cutting edge ideas.

Credit Crunched Tycoons

America's 25 Biggest Billionaire Losers of 2008 Lost $167 This Year

— December 17, 2008 — Pop Culture
Forbes proves to be keeping on top of current trends in a recession-inspired spin on their 'World's Richest' lists. America's Biggest Billionaire Losers of 2008 focuses on the grim reality of the steep financial losses experienced by some of the world's most affluent. Over the last 11 months, the 25 billionaires profiled lost a collective $167 billion.

1. Topping the list is Sheldon Adelson, a property developer in Las Vegas. In September 2007, Adelson was said to be worth $28 billion. The Chairman and CEO of the Las Vegas Sands Corp. (The Venetian Hotel and the Sands Convention Center) was making $20.5 million per day back in 2006/07. LVS shares dropped 95% since the start of 2008, costing Adelson $24 billion because "cost-conscious consumers stay away from casinos in Las Vegas and Macau," according to Forbes.

2. Warren Buffett, "the world's richest man" in March, lost $16.5 billion this year after his Berkshire Hathaway shares plummeted 28% this year.

3. Bill Gates lost $12.3 billion as he watched his Microsoft shares fall 45% in 11 months.

4. Kirk Kerkorian, "the richest person in LA," and CEO of Tracinda Corporation, lost $11.9 billion off his $18 billion estimated worth. His MGM Mirage shares fell 87%, and his shares in Ford didn't help either.

5. Larry Page, Google's co-founder, lost $11.9 billion after his Google shares dropped 59%.

6. Sergey Bring, Google's other co-founder, also lost $11.7 billion.

7. Larry Ellison lost $8.2 billion when his Oracle and NewSuite shares fell over the last 11 months.

8. Sumner Redstone lost $72. billion in 2008 due to falling Viacom and CBS shares and Midway Games stake.

9. Steven Ballmber, Microsoft's chief executive, lost $6.5 billion.

10. Charles Ergen lost $6.1 billion in his Dish Network and Echostar shares as satellite subscriptions dwindled.

11. Carl Icahn lost $5.1 billion.

12. Jeff Bezos lost $4.6 billion due to his Amazon.com stock falling 49%.

13. Dan Duncan lost $4.1 billion in his oil and gas investments.

14. Rupert Murdoch lost $4 billion when News Corp. shares fell 60% due to a fall in ad revenue.

15. Eric Schmidt, Google's chief executive, lost $3.8 billion.

16. Stephen Schwarzman, Blackstone Group's co-founder, lost $3.8 billion when his $5.2 billion shares dropped to $1.5 billion.

17. Min Kao lost $3.4 billion in his Garmin GOS shares.

18. Michael Dell was set back $3.3 billion thanks to a 56% decline in Dell shares this year.

19. Pierre Omidyar, the founder of eBay, saw his worth plummet $3.2 billion.

20. Matthew Bucksbaum, founder of General Growth Properties, lost $2.9 billion.

21. Micky Arison, of Carnival cruise ships, lost $2.6 billion.

22. Paul Allen of Microsoft lost $2.6 billion.

23. Gary Burrell, another Garmin GPS exec, lost $2.6 billion.

24. Maurice "Hank" Greenberg watched the value of his AIG shares go from $2.6 billion in January to under $100 million today.

25. Charles Bartlett Johnson watched his Franklin Resources shares plunge by $2.2 billion.
1.5
Score
Popularity
Activity
Freshness