Updated my net worth last night for the month ending October 1. Ouch. It was a bad, bad month. I'll give details during my quarterly update near the beginning of the year.
But, I didn't lose as much money as these guys. Here's a list of the biggest losers in the recent market downturn and how much they lost:
- Warren Buffett -- $13.6 billion
- Oracle founder and CEO Larry Ellison -- $6.2 billion
- Microsoft's Steve Ballmer -- $5.1 billion
- Amazon.com's Jeff Bezos -- $3.6 billion
- News Corp.'s Rupert Murdoch -- $4 billion
Then again, these guys still have BILLIONS, so it's all relative, huh?
BTW, the biggest loser in percentage terms was Murdoch. He lost $4 billion and has "only" $3 billion left. That's a big hit!
Beyond comprehension, isn't it? Well, at least Murdoch is 150 years old already. He should probably be able to stretch that $3 billion until he passes on :)
Posted by: guinness416 | November 03, 2008 at 09:20 AM
Ouch... and isn't a large portion of Buffett's portfolio in bonds? I thought I read recently that all of his personal money was in bonds and he was switching to 100% stocks for the first time ever?
Posted by: No Debt Plan | November 03, 2008 at 09:59 AM