The World’s 25 Richest People Who Lost The Most Money This Year
Money is a funny thing. The richer you are, the richer you’re likely to get in the long run, but it doesn’t always work out that way. For the billionaires of the world, their coveted positions can change on a dime. Businesses can go under quicker than you can say recession, meaning huge dents in income.
Luckily for these billionaires, they may have lost a fortune this year, but they’ve still got a heck of a lot of money tucked away to fall back on. From Elon Musk to Bill Gates and Jeff Bezos, it’s a minefield. But, new financial years bring new opportunities to make up their losses!
Amount Lost: $9 billion*
Current Net Worth: $36.9 billion*
Elon Musk ©Phil Stafford / Shutterstock.com
Eccentric entrepreneur, Elon Musk is almost as well-known for his interesting personal life as he is for his business exploits. Tesla’s golden-boy has amassed a huge fortune over the years, becoming one of the richest people in the world. Musk may have become a multi-millionaire when he was just 27 years old, but now at 48, he’s worth an interstellar $36.9 billion.
Despite his enormous wealth, Musk isn’t untouchable. He’s prone to losses too. Thanks to a dip in the shares at Tesla, he took a pretty big hit of $9 billion this year. That’s a huge amount of money to lose, but thankfully, he has plenty of it.
Amount Lost: $3 billion*
Current Net Worth: $41.9 billion*
Julia Koch @LebIntUni / Twitter.com
Julia Koch certainly married well when she found love with her late husband, David. As the former executive and co-owner of Koch Industries, David made plenty of money to support his wife and their three children. When he sadly passed away in 2019, he left 42% of his business to his wife and family.
Koch spends most of her time giving money to noble causes, like the Lincoln Centre, the Met, and the Smithsonian. As a born and raised New York Society gal, Julia is well-connected in the philanthropic world and deemed a respectable figure.
Amount Lost: $12.8 billion*
Current Net Worth: $35 billion*
Francois Pinault ©Frederic Legrand – COMEO / Shutterstock.com
Francois-Henri Pinault is the lucky recipient of a huge $11.5 billion estate thanks to the endeavors of his father. As well as being a successful businessman in his own right, Pinault has also caught the attention of some high profile ladies. His marriage to Linda Evangelista resulted in a split that cost him greatly.
Although he has a net worth of $35 billion, Pinault has been dealt a great blow this year. His wealth plummeted by a huge £12.8 billion, marking one of the biggest personal losses. Is it the $48,000 a month child support he’s paying Evangelista that’s to blame? Hardly.
Amount Lost: $12.8 billion*
Current Net Worth: $41.9 billion*
Charles Koch @steve_hanke / Twitter.com
At the start of 2019, Charles Koch was the 11th richest person in the world. However, he’s shuffled down the list a fair bit thanks to a loss of $12.8 billion. As you might have guessed, Charles is the brother of David, with whom he served on the board of Koch Industries.
Now 84, Koch likes to give back to the community as much as he can. His wife set up the Koch Cultural Trust which aims to deliver grants to people from their home city of Kansas. Over $1.7 million has been dolled out through this trust over the years.
Amount Lost: $22.2 billion*
Current Net Worth: $64 billion*
Mark Zuckerberg ©Frederic Legrand – COMEO / Shutterstock.com
For Millenials, Mark Zuckerberg is the lucky cat that got the cream. As the founder of Facebook, he managed to amass a fortune faster than anyone could ever imagine. He made his first billion at the age of 23 in 2008, breaking the record previously held by Bill Gates. While he continues to be successful, Mark has taken some hits.
In 2018 Zuckerberg lost $15 billion in a single day thanks to investors dropping their shares. His fortune has gone steadily up and down ever since, with Mark losing over $22 billion this year. Judging by the numbers in his bank account, it’ll be a long time before he has anything to worry about.
Amount Lost: $18.9 billion*
Current Net Worth: $71 billion*
Warren Buffett ©Rob Crandall / Shutterstock.com
Warren Buffet is one of the most famous magnates in the world thanks to his work with Berkshire Hathaway. He is well-known for giving generously, but as we all know, you can only give when you’ve got. Buffet has a net worth of $71 billion, but just a year ago it was almost $100 billion.
When Apple’s stock prices declined, Berkshire Hathaway took a hit of almost $19 billion. Delta Air Lines and Kraft Heinz’s plummeting stocks also made a financial impact that can’t be underestimated. Still, the company has plenty of other shares to keep it afloat.
Amount Lost: $1.8 billion*
Current Net Worth: $34 billion*
Jack Ma ©Foundations World Economic Forum / Wikimedia.org
Jack Ma is a formidable businessman, as the co-founder and former chairman of the Alibaba Group, specializing in technology. While what he actually does is probably far too complicated for the likes of us to understand, Ma is incredibly good at it.
Forbes named him one of the most powerful people in the world, and his influence on businesses just starting out can’t be denied. Ma is quick to lend a hand and help others learn the ins and outs of the industry. His loss this year has been fairly minimal, at $1.8 billion.
Amount Lost: $11.6 billion*
Current Net Worth: $89 billion*
Jeff Bezos @SandraDirkson / Twitter.com
Jeff Bezos has been the richest person in the world for quite some time, thanks to the success of his company, Amazon. Over the years, Amazon has expanded from a marketplace to a streaming service. Bezos’ net worth has mostly gone up, but this year he took a loss of $11.6 billion.
Jeff has had a particularly difficult year in his personal life after divorcing his wife of 25 years, MacKenzie. The pair reached a settlement in court, where MacKenzie was awarded $35 billion in Amazon stock. The divorce undoubtedly had an impact on Bezos’ financial standing.