So you think you've got it bad just because your 401(k) is now a 201(k) and your house is worth less than the mortgage? What if you lost 20 or so billions and you were now down to your last billion? How would you face the boys at the club? What would you do about the yacht and the jet and the nifty little place on St. Barts? Here are some guys who have really had it rough. Sort of.
It was exactly a year ago (give or take a day) when the Dow Jones Industrial Average established its all-time high of 14,279. Friday morning it will open at 8,579—a 40 percent drop. Most of us whose meager wealth is tied up in 401(k) plans have suffered a beating of similar magnitude. But just how have the obscenely affluent fared? VF.com took a look at the nation’s 25 richest people whose fortunes are primarily derived from one or two publicly traded stocks.
[From The Stock Market’s 25 Biggest Losers: Peter Newcomb | Vanity Fair]
–Paul Knue
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