Stock market blues got you down? Well, take heart that you're not losing as much money as Sheldon Adelson. The casino and hotel magnate had lost (at least on paper) $30 billion in investments in the past year!
Put another way, his net worth declined by about $100 million a day, or $4.1 million an hour, or $69,000 a minute, or $1,157 a second.
It is possible Mr. Adelson now may hold the title for the largest one-year paper loss in U.S. history.
A graphic in Vanity Fair last month showing the biggest stock-market losers had Warren Buffett down about $16 billion. The Walton kids were down a combined $21 billion. The Google guys were each down about $12 billion, as was Bill Gates. (Overseas, there are some even more impressive, er, losers, such as Lakshmi Mittal racking up more than 20 billion pounds in paper losses, but for the purposes of this post, let’s stick to the U.S.).
(Photo: Mike Clarke/Getty Images via Forbes)
he had WAY too much to begin with...
just cannot feel sorry for these people
I laughed for about a good minute at that comment! ;)