Forbes 400 Movers and Groovers

Banker Andrew Beal triples his net worth this year

Banker Andrew Beal triples his net worth this year

The 2009 Forbes 400 list just came out and I found myself more interested in the rankings than I’ve been in awhile.

Overall, the big guys lost money for only the 5th time since 1982.  Their losses were a combined $300 billion in net worth.

From Forbes:

Faltering capital markets and real estate prices, along with divorce and fraud, pushed the fortunes of 314 members down and drove 32 plutocrats off the rankings….The 10 richest Americans lost a combined $39.2 billion in the past 12 months, a 14% decline.

Gates is still on top ($50 billion) followed by Buffett, who lost $10 billion (he’s down to his last $40 billion), and Oracle’s Larry Ellison is still clinging to the 3rd spot with a measly $27 billion.

But the moves beneath the top ten were where the action was:

The biggest gainer is banker Andrew Beal, who tripled his net worth to $4.5 billion buying up cheap loans and assets as the markets crumbled last fall.

Newcomers to the list include Marvel Entertainment chief Isaac Perlmutter, whose net worth soared to $1.55 billion after Disney agreed to buy the superhero outfit in August for $4 billion in cash and stock.

Other new members include Bloomberg LP co-founder Charles Zegar ($1 billion), mapping-software magnate Jack Dangermond ($2 billion) and trading titan Steven Schonfeld ($1 billion).

Congrats to the up-and-comers, I’ll be up there with you guys someday.

The full list is worth a look:

The Forbes 400 2009 (Forbes)

What's been said:

Discussions found on the web
  1. regression testing commented on Dec 21

    … [Trackback]

    […] There you can find 64004 additional Information to that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  2. scotia online banking commented on Jan 10

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  3. Canning Standard Tomato Sauce commented on Jan 13

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  4. rolex replica commented on Jan 19

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  5. Olympus C-5050 Zoom manuals commented on Jan 20

    … [Trackback]

    […] Here you will find 87141 more Info on that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  6. tangerine savings account commented on Jan 21

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  7. rbc bank online login commented on Jan 26

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]

  8. slot online sultan play commented on Jan 27

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2009/10/02/forbes-400-movers-and-groovers/ […]