How exactly does someone lose a billion dollar fortune? Could you handle going from billionaire to zero?
#9: Bjorgolfur Gudmundsson
This Icelandic former billionaire saw his $1.1 billion net worth evaporate in the wake of his country s credit crisis in 2008. He was a major shareholder in a bank called Landsbankin that went under. When it went down, so did Gudmundsson s assets. Gundmundson was the owner of the West Ham United Football Club. After his fortunes faded he was forced to sell the team.
#8: Sean Quinn
Sean Quinn was the richest person in Ireland at his peak, with a net worth of $6 billion in 2008. Three years later, he filed for bankruptcy. Quinn invested 25% of his family s wealth, roughly $2.8 billion, in the Anglo Irish Bank. Unfortunately he made the grave error of borrowing the money for the investment from his own insurance company. Anglo Irish Bank nearly collapsed during the recession and financial crisis of 2008. This put Quinn billions of dollars in debt and ca
jungle world - Unhappy Birthday jungle.world - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jungle.world Daily Mail and Mail on Sunday newspapers.
I don’t remember how we met it was in the late ’90s, somewhere as I was raising money for the Eccles Center. I met a couple, around my age, who just landed here from New York City but he had the longest of ties to the state. He was a Kearns the grandson of the icon who was governor and publisher of The Salt Lake Tribune and owned the Park City Silver King Coalition Mines (along with David Keith). His grandmother was Jenny Judge of the Park City Judge Daly Mine family, who ran a boarding house for miners, before she met her Irish prince and became the state’s First Lady and built that spectacular mansion which has served ever since as the governor’s residence in Salt Lake City.