CEOWORLD magazine - Latest - Money and Wealth - 20 billionaires who lost the most money in 2023 ranked

Money and Wealth

20 billionaires who lost the most money in 2023 ranked

In the current global economic crisis, some of the world’s wealthiest, people, such as Gautam Adani, Carl Icahn, and Zhang Yiming have endured a collective loss of over $10 billion in their net worth. But, who’s been the most affected?

Gautam Adani suffered a massive loss of $55.4 billion in net worth, thus pushing him outside the top 10 richest people in the world. Adani had a fortune of approximately $150 billion at the peak of his wealth (20th September 2022). Similarly, Carl Icahn experienced a loss of $16.7 billion, and Zhang Yiming’s wealth decreased by $12.6 billion. Here’s a rundown of the top 20 billionaires who have lost the most so far this year.

  1. Gautam Adani $65.2 billion
    Year to Date (YTD) Loss:-$55.4 billion
    Country: India
  2. Carl Icahn $6.73 billion
    Year to Date (YTD) Loss:-$16.7 billion
    Country: United States
  3. Zhang Yiming $42.3 billion
    Year to Date (YTD) Loss:-$12.6 billion
    Country: China
  4. Pang Kang $9.28 billion
    Year to Date (YTD) Loss:-$7.85 billion
    Country: China
  5. Giovanni Ferrero & family $34.7 billion
    Year to Date (YTD) Loss:-$7.29 billion
    Country: Italy
  6. Leonard Lauder $19.9 billion
    Year to Date (YTD) Loss:-$6.58 billion
    Country: United States
  7. Zhong Shanshan $62.1 billion
    Year to Date (YTD) Loss:-$5.47 billion
    Country: China
  8. Phil Knight & family $38.5 billion
    Year to Date (YTD) Loss:-$5.33 billion
    Country: United States
  9. Gina Rinehart $18.9 billion
    Year to Date (YTD) Loss:-$5.03 billion
    Country: Australia
  10. Jeff Yass $28.2 billion
    Year to Date (YTD) Loss:-$4.55 billion
    Country: United States
  11. Richard Liu $8.76 billion
    Year to Date (YTD) Loss:-$4.49 billion
    Country: China
  12. Jin Baofang $5.20 billion
    Year to Date (YTD) Loss:-$4.48 billion
    Country: China
  13. Robert Pera $7.88 billion
    Year to Date (YTD) Loss:-$4.46 billion
    Country: United States
  14. Li Shu Fu $10.1 billion
    Year to Date (YTD) Loss:-$4.30 billion
    Country: China
  15. Yang Huiyan $5.70 billion
    Year to Date (YTD) Loss:-$4.18 billion
    Country: China
  16. Wang Wei $10.9 billion
    Year to Date (YTD) Loss:-$3.87 billion
    Country: China
  17. Qin Yinglin $13.6 billion
    Year to Date (YTD) Loss:-$3.81 billion
    Country: China
  18. Peter Woo $15.2 billion
    Year to Date (YTD) Loss:-$3.67 billion
    Country: Hong Kong
  19. Chen Bang $9.50 billion
    Year to Date (YTD) Loss:-$3.40 billion
    Country: China
  20. Li Xiting $13.4 billion
    Year to Date (YTD) Loss:-$3.39 billion
    Country: Singapore

Have you read?
The world’s largest economies in 2023.
Ranked: Safest Countries in the World, 2023.
Countries With the Most Female Billionaires, 2023.
Economy Rankings: Largest countries by GDP, 2023.
The Global Passport Index: The World’s Most Powerful Passports.

CEOWORLD magazine - Latest - Money and Wealth - 20 billionaires who lost the most money in 2023 ranked
Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email You can follow her on Twitter at @ceoworld.