Broke Billionaires: 8 Who Had It All & Lost Almost Everything

List of Biggest Billionaire Winners During Pandemic Photo Credit: see.news
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For billionaires, declines in the economy can be a disaster. This is because a large proportion of their money is invested in things such as real estate, investments and business holdings – all of which can dramatically change in value when the economy is down. 

In the infographic below, you can read about 8 renowned billionaires who lost their fortunes and how this happened. The list includes Björgólfur Guðmundsson who lost $1.1 billion in 2008 and Allen Stanford who lost his $2.2 billion fortune in 2008.

Credit: commodity.com

Read the full details from the original source https://commodity.com/blog/biggest-lost-fortunes/

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