Todays clown prince -
Sheldon Adelson
Schadenfreude rating:
http://blogs.wsj.com/wealth/2008/11/12/what-is-it-like-to-lose-100-million-a-day/
If you are feeling bad about your 401(k) losses, consider the case of Sheldon Adelson. His investments have declined by more than $30 billion, yes with a âb,â in the past year.
Put another way, his net worth declined by about $100 million a day, or $4.1 million an hour, or $69,000 a minute, or $1,157 a second.
http://www.bloomberg.com/apps/news?pid=20601109&sid=agMWnPFeQM3Q&refer=home
It is possible Mr. Adelson now may hold the title for the largest one-year paper loss in U.S. history.
Losing $3.5 Million an Hour
Forbes recalculated its rich list for the Oct. 27 issue and found Adelsonâs fortune dropped $4 billion from Aug. 29 to Oct. 1, the steepest decline for any American who lost at least $1 billion. At his present pace, the one-year loss may rank as the largest ever for a U.S. billionaire in percentage terms, according to Bernstein.
Sheldon Adelson
Schadenfreude rating:
http://blogs.wsj.com/wealth/2008/11/12/what-is-it-like-to-lose-100-million-a-day/
If you are feeling bad about your 401(k) losses, consider the case of Sheldon Adelson. His investments have declined by more than $30 billion, yes with a âb,â in the past year.
Put another way, his net worth declined by about $100 million a day, or $4.1 million an hour, or $69,000 a minute, or $1,157 a second.
http://www.bloomberg.com/apps/news?pid=20601109&sid=agMWnPFeQM3Q&refer=home
It is possible Mr. Adelson now may hold the title for the largest one-year paper loss in U.S. history.
Losing $3.5 Million an Hour
Forbes recalculated its rich list for the Oct. 27 issue and found Adelsonâs fortune dropped $4 billion from Aug. 29 to Oct. 1, the steepest decline for any American who lost at least $1 billion. At his present pace, the one-year loss may rank as the largest ever for a U.S. billionaire in percentage terms, according to Bernstein.