The Richest Folks Were The The Biggest Losers Monday
The five richest Americans, according to the most recent ranking by Forbes magazine, saw the value of their principal holdings shrink by nearly $4 billion during Monday’s stock market selloff.
Following is a list of those five and other famous billionaires, their principal holdings, and Monday’s drop in value for that holding:
Bill Gates, chairman and chief executive of Microsoft Corp., $1.76 billion
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc., $717.3 million
Paul Allen, co-founder of Microsoft Corp., $600 million
Larry Ellison, chairman, CEO and president of Oracle Corp., $666.9 million
Gordon Moore, chairman of Intel Corp., $236.2 million
Walton family, Wal-Mart Inc., $1.64 billion
Ted Turner, vice chairman of Time Warner Inc., $185 million
Michael Dell, chairman and CEO of Dell Computer Corp., $324.4 million
Phil Knight, chairman and CEO of Nike Inc., $269 million xxxx