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Sunday, September 8, 2024
CEOWORLD magazine - Latest - Special Reports - The Biggest Billionaire Losers, 2024

Special Reports

The Biggest Billionaire Losers, 2024

As of September 6, 2024, the biggest billionaire loser was Bernard Arnault & family. His wealth has decreased by almost $6.5 billion. Behind him in terms of loss was Warren Buffett, whose net worth was reduced by $4.1 billion. Mukesh Ambani is the third-biggest billionaire loser, with a $3.6 βillion loss in net worth throughout the year.

The Biggest Billionaire Losers, 2024

RankNameNet WorthDecreaseSourceCountry
1Bernard Arnault & family$175.0 B$6.5 BLVMHFrance
2Warren Buffett$145.9 B$4.1 BBerkshire HathawayUnited States
3Mukesh Ambani$113.8 B$3.6 BDiversifiedIndia
4Amancio Ortega$117.6 B$1.9 BZaraSpain
5Prajogo Pangestu$75.0 B$1.6 BPetrochemicals, energyIndonesia
6Gautam Adani$81.5 B$1.6 BInfrastructure, commoditiesIndia
7Takemitsu Takizaki$20.7 B$1.4 BSensorsJapan
8Tadashi Yanai & family$44.1 B$1.3 BFashion retailJapan
9Michael Dell$96.2 B$940 MDell TechnologiesUnited States
10Nicolas Puech$13.4 B$894 MHermesFrance
11Francoise Bettencourt Meyers & family$88.1 B$803 ML'OréalFrance
12Bill Gates$136.6 B$740 MMicrosoftUnited States
13He Xiangjian & family$24.8 B$725 MHome appliancesChina
14Klaus-Michael Kuehne$41.1 B$707 MShippingGermany
15Kushal Pal Singh$18.5 B$696 MReal estateIndia
16Zhong Shanshan$44.9 B$654 MBeverages, pharmaceuticalsChina
17Daniel Gilbert$33.2 B$561 MQuicken LoansUnited States
18Vinod Adani$25.0 B$551 MInfrastructure, commoditiesCyprus
19Shiv Nadar$38.8 B$551 MSoftware servicesIndia
20David Thomson & family$71.3 B$463 MMediaCanada
21Carl Icahn$5.1 B$431 MInvestmentsUnited States
22Chen Tianshi$3.6 B$396 MSemiconductorsChina
23Masayoshi Son$28.6 B$386 MTelecom, InvestmentsJapan
24Dang Yanbao$13.0 B$376 MCoalChina
25Low Tuck Kwong$23.7 B$364 MCoalIndonesia
26Mat Ishbia$12.6 B$360 MMortgage lenderUnited States
27Takao Yasuda$4.3 B$313 MRetailJapan
28Chen Jianhua$6.6 B$305 MChemicalsChina
29Wang Laisheng$8.3 B$296 MElectronics componentsHong Kong
30Wang Laichun$8.1 B$292 MElectronics componentsHong Kong
31William Ding$26.2 B$287 MOnline gamesChina
32Jim Walton & family$95.7 B$263 MWalmartUnited States
33Carl Bennet$9.1 B$261 MInvestmentsSweden
34Alice Walton$88.9 B$260 MWalmartUnited States
35Rob Walton & family$94.0 B$256 MWalmartUnited States
36Hiroshi Mikitani$4.3 B$250 MOnline retailJapan
37Mangal Prabhat Lodha$10.5 B$228 MReal estateIndia
38Nirmal Minda$4.5 B$224 MAuto partsIndia
39Li Xiting$13.0 B$220 MMedical devicesSingapore
40Savitri Jindal & family$39.1 B$220 MSteelIndia
41Thierry Dassault$8.3 B$220 MDiversifiedFrance
42Laurent Dassault$8.3 B$220 MDiversifiedFrance
43Marie-Hélène Habert-Dassault$8.3 B$220 MDiversifiedFrance
44Kumar Birla$23.2 B$219 MCommoditiesIndia
45Ravi Jaipuria$16.9 B$219 MSoft drinks, fast foodIndia
46Georg Nemetschek & family$4.7 B$216 MSoftwareGermany
47François Pinault & family$22.0 B$213 MLuxury goodsFrance
48Jay Y. Lee$10.5 B$211 MSamsungSouth Korea
49Eric Douglas$7.1 B$202 MInvestmentsSweden
50Niels Peter Louis-Hansen$7.0 B$201 MMedical devicesDenmark
51Carl Douglas$7.1 B$200 MInvestmentsSweden
52Willis Johnson$2.9 B$192 MDamaged carsUnited States
53Piero Ferrari$9.7 B$185 MAutomobilesItaly
54Zhou Qunfei$7.8 B$183 MSmartphone screensHong Kong
55Lin Jianhua$3.3 B$183 MSolar panel componentsChina
56Ernest Garcia II$12.5 B$182 MUsed carsUnited States
57Robin Zeng$27.2 B$180 MBatteriesHong Kong
58Brunello Cucinelli & family$3.5 B$177 MFashionItaly
59Ken Langone$9.3 B$175 MInvestmentsUnited States
60Wang Wei$13.7 B$174 MPackage deliveryChina
61Sunil Mittal$11.7 B$173 MTelecomIndia
62Leonard Lauder$11.3 B$170 MEstee LauderUnited States
63Pankaj Patel$10.6 B$166 MPharmaceuticalsIndia
64Stefan Persson$17.6 B$161 MH&MSweden
65Iris Fontbona & family$25.3 B$158 MMiningChile
66Dilip Shanghvi$29.9 B$158 MPharmaceuticalsIndia
67Vikas Oberoi$5.4 B$158 MReal estateIndia
68Jeffrey Cheah$3.0 B$152 MProperty, healthcareMalaysia
69Fred Smith$6.4 B$151 MFedExUnited States
70Fan Hongwei$3.8 B$149 MPetrochemicalsChina
71Brian Armstrong$7.0 B$149 MCryptocurrencyUnited States
72Terry Gou$10.9 B$148 MElectronicsTaiwan
73Johann Rupert & family$11.0 B$147 MLuxury goodsSouth Africa
74Sandra Ortega Mera$10.4 B$146 MZaraSpain
75T.S. Kalyanaraman$4.8 B$143 MJewelryIndia
76Sunil Vachani$2.9 B$142 MElectronicsIndia
77You Xiaoping & family$6.1 B$139 MPolyurethanesChina
78Patrick Soon-Shiong$6.1 B$132 MPharmaceuticalsUnited States
79Xu Hang$8.4 B$131 MMedical devicesHong Kong
80Cho Jung-ho$6.8 B$131 MFinanceSouth Korea
81Sudhir Mehta$7.7 B$127 MPharmaceuticals, powerIndia
82Samir Mehta$7.7 B$127 MPharmaceuticals, powerIndia
83Giuseppe Crippa & family$3.6 B$126 MMicrochip testingItaly
84Charles Edelstenne$3.4 B$126 MAviationFrance
85Edward Stack & family$5.3 B$124 MDick's Sporting GoodsUnited States
86Rupert Murdoch & family$20.3 B$123 MNewspapers, TV networkUnited States
87David Duffield$14.0 B$122 MBusiness softwareUnited States
88Lui Che Woo$8.9 B$121 MCasinos/hotelsHong Kong
89Rudolf Maag$5.7 B$121 MMedical devicesSwitzerland
90Kwak Dong Shin$2.6 B$120 MSemiconductorsSouth Korea
91William Berkley$5.1 B$119 MInsuranceUnited States
92Ye Guofu$2.1 B$119 MRetailChina
93A. Jayson Adair$1.9 B$118 MDamaged carsUnited States
94Yang Weidong & family$2.1 B$115 MChemicalsChina
95Henry Samueli$16.0 B$115 MSemiconductorsUnited States
96Vikram Lal & family$8.3 B$114 MMotorcyclesIndia
97Steve Ballmer$120.6 B$114 MMicrosoftUnited States
98Rajan Mittal$7.7 B$113 MTelecomIndia
99Rakesh Mittal$7.7 B$113 MTelecomIndia
100Juan Domingo Beckmann Legorreta & family$3.0 B$113 MTequilaMexico
101Jiang Rensheng & family$5.7 B$112 MVaccinesChina
102Rajiv Jain$5.2 B$112 MFinanceUnited States
103Justin Ishbia$6.0 B$111 MPrivate equityUnited States
104Ernest Garcia, III$4.3 B$109 Mused carsUnited States
105Vivek Chaand Sehgal$7.7 B$105 MAuto partsAustralia
106Du Jiangtao & family$2.8 B$105 MChemicalsChina
107Sun Guangxin$2.1 B$105 MDiversifiedChina
108Michael Saylor$3.6 B$104 McryptocurrencyUnited States
109Peter Grogg$4.3 B$103 MBiochemicalsSwitzerland
110Zheng Jianjiang & family$2.9 B$102 MElectrical equipmentChina
111Zhang Congyuan$9.8 B$102 MShoesTaiwan
112Rafique Malik$3.0 B$102 MFootwearIndia
113Germán Larrea Mota Velasco & family$27.6 B$100 MMiningMexico
114Scott Lin$1.9 B$100 MOptical componentsTaiwan
115Takahisa Takahara$6.8 B$98 MPersonal care goodsJapan
116Claudio Del Vecchio$5.0 B$98 MEyeglassesItaly
117Rocco Basilico$5.0 B$98 MEyeglassesItaly
118Leonardo Maria Del Vecchio$5.0 B$98 MEyeglassesItaly
119Luca Del Vecchio$5.0 B$98 MEyeglassesItaly
120Clemente Del Vecchio$5.0 B$98 MEyeglasesItaly
121Nicoletta Zampillo$5.0 B$98 MEyeglassesItaly
122Paola Del Vecchio$5.0 B$98 MEyeglassesItaly
123Marisa Del Vecchio$5.0 B$98 MEyeglassesItaly
124Wang Liping & family$7.0 B$98 MHydraulic machineryChina
125Irfan Razack$1.9 B$96 MReal estateIndia
126Rezwan Razack$1.9 B$96 MReal estateIndia
127Noaman Razack$1.9 B$96 MReal estateIndia
128Hasso Plattner & family$12.8 B$92 MSoftwareGermany
129Zhou Jianping$3.2 B$90 MFashion retailChina
130Hou Juncheng$1.8 B$89 MCosmeticsChina
131Leonard Schleifer$3.9 B$88 MPharmaceuticalsUnited States
132Lukas Walton$33.8 B$88 MWalmartUnited States
133Zeng Fangqin$4.5 B$88 MSmartphone componentsHong Kong
134Yu Zhuyun$3.5 B$87 MDiversifiedChina
135Henry Nicholas III$13.4 B$87 MSemiconductorsUnited States
136Vinod Rai Gupta$5.9 B$87 MElectrical equipmentIndia
137Nick Caporella$4.1 B$86 MBeveragesUnited States
138Stewart Horejsi & family$3.7 B$86 MBerkshire HathawayUnited States
139Uday Kotak$13.2 B$85 MBankingIndia
140Shigenobu Nagamori$3.0 B$83 MMotorsJapan
141Giuseppe De'Longhi & family$4.5 B$83 MCoffee makersItaly
142Lei Jun$15.2 B$83 MSmartphonesChina
143Huang Shilin$12.5 B$82 MBatteriesChina
144Thomas Straumann$5.0 B$80 MDental implantsSwitzerland
145Shen Xiqiang & family$1.6 B$79 MChemicalChina
146Wang Zhenghua$1.6 B$79 MBudget airlineChina
147Karen Virginia Beckmann Legoretta$2.1 B$78 MTequilaMexico
148Abhay Firodia$5.0 B$78 MAutomobilesIndia
149Li Shuirong & family$8.5 B$78 MPetrochemicalsChina
150Arun Bharat Ram$3.5 B$77 MChemicalsIndia
151Hu Rongda & family$1.4 B$77 MChemicalsChina
152Sanjiv Bajaj$6.1 B$75 MDiversifiedIndia
153Rajiv Bajaj$6.1 B$75 MDiversifiedIndia
154Mark Leonard & family$4.7 B$75 MSoftwareCanada
155Richard Liu$5.0 B$74 ME-commerceChina
156Sanjiv Goenka$4.5 B$74 MDiversifiedIndia
157Ken Xie$5.4 B$74 MCybersecurityUnited States
158Luiz Frias$1.7 B$72 MMediaBrazil
159Ramesh Kunhikannan$2.1 B$72 MElectronicsIndia
160Tomasz Biernacki$4.2 B$72 MSupermarketsPoland
161Tony Chen$1.3 B$71 MElectronicsTaiwan
162Magdalena Martullo-Blocher$7.2 B$71 MChemicalsSwitzerland
163Rahel Blocher$7.2 B$71 MChemicalsSwitzerland
164Ted Alfond$3.4 B$70 MShoesUnited States
165Bill Alfond$3.4 B$70 MShoesUnited States
166Susan Alfond$3.4 B$70 MShoesUnited States
167Tom Golisano$6.1 B$70 MPayroll servicesUnited States
168Hisao Nagata$1.8 B$70 MRetailJapan
169Melinda French Gates$10.9 B$69 MMicrosoftUnited States
170Bernard Marcus$10.2 B$69 MHome DepotUnited States
171Andrew Forrest & family$13.4 B$68 MMiningAustralia
172Kentaro Ogawa$3.3 B$67 MRestaurantsJapan
173Ruan Hongliang$2.1 B$66 MGlassChina
174G. M. Rao$3.3 B$66 MInfrastructureIndia
175Zhang Jian$2.8 B$65 MElectric bikes, scootersChina
176Yadu Hari Dalmia & family$2.6 B$65 MCementIndia
177Giorgio Armani$13.2 B$65 MLuxury goodsItaly
178Johnelle Hunt$4.4 B$65 MTruckingUnited States
179Yoo Jung-hyun$2.6 B$64 MOnline gamesSouth Korea
180Fumio Kaneko$1.5 B$64 MWaste managementJapan
181Gil Shwed$5.2 B$64 MSoftwareIsrael
182Kiran Mazumdar-Shaw$3.4 B$64 MBiopharmaceuticalsIndia
183Jian Yao$3.5 B$63 MMedical devicesChina
184Qiu Jianping & family$3.0 B$63 MHand toolsChina
185Michael Xie$4.6 B$62 MCybersecurityUnited States
186Zhou Chaonan$2.6 B$62 MmanufacturingChina
187Nassef Sawiris$9.6 B$62 MConstruction, investmentsEgypt
188Dinara Kulibaeva$4.8 B$61 MBankingKazakhstan
189Timur Kulibayev$4.8 B$61 MBankingKazakhstan
190Dewi Kam$3.9 B$59 MCoalIndonesia
191Masahiro Noda$4.1 B$59 MSoftwareJapan
192P.V. Ramprasad Reddy$4.0 B$59 MPharmaceuticalsIndia
193Elisabeth Douglas$2.1 B$59 MInvestmentsSweden
194Phil Knight & family$36.0 B$58 MNikeUnited States
195Liu Jincheng & family$2.4 B$57 MLithium batteriesChina
196Abdulla bin Ahmad Al Ghurair & family$4.1 B$57 MDiversifiedUnited Arab Emirates
197Peter Thiel$9.0 B$56 MFacebook, investmentsUnited States
198Shapoor Mistry$10.4 B$56 MDiversifiedIreland
199Benu Gopal Bangur$7.0 B$56 MCementIndia
200Kristo Käärmann$1.6 B$55 MPayments, bankingEstonia
201Remo Ruffini$3.3 B$55 MWinter jacketsItaly
202Remi Dassault$2.2 B$55 MInheritedFrance
203Helena Dassault$2.2 B$55 MInheritedFrance
204Natacha Nikolajevic$2.2 B$55 MInheritedFrance
205George Yancopoulos$2.4 B$54 MPharmaceuticalsUnited States
206William Ackman$9.0 B$54 MHedge fundsUnited States
207Anand Mahindra$3.5 B$54 MDiversifiedIndia
208Thomas Siebel$4.0 B$54 MBusiness softwareUnited States
209Alpana Dangi$2.3 B$54 MInvestmentsIndia
210Manoj Punjabi$2.0 B$54 MMoviesIndonesia
211Maria Fernanda Amorim & family$6.3 B$53 MEnergy, investmentsPortugal
212Dagmar Dolby & family$4.8 B$53 MDolby LaboratoriesUnited States
213Niraj Bajaj$4.5 B$52 MDiversifiedIndia
214Madhur Bajaj$4.5 B$52 MDiversifiedIndia
215Shekhar Bajaj$4.5 B$52 MDiversifiedIndia
216Pei Zhenhua$6.7 B$52 MBatteriesChina
217Steven Sarowitz$2.3 B$51 MPayroll softwareUnited States
218Bang Si-hyuk$1.5 B$51 MEntertainmentSouth Korea
219Wang Weixiu & family$2.4 B$51 MmachineryChina
220Kalanithi Maran$3.6 B$51 MMediaIndia
221Hong Ra-hee$4.0 B$50 MSamsungSouth Korea
222Sofia Högberg Schörling$5.2 B$50 MInvestmentsSweden
223Märta Schörling Andreen$5.2 B$50 MInvestmentsSweden
224Fredrik Lundberg$7.9 B$50 MReal estate, investmentsSweden
225Jian Jun$2.4 B$49 MBiomedical productsChina
226Lee Boo-jin$2.7 B$49 MSamsungSouth Korea
227Yusuf Hamied$3.2 B$49 MPharmaceuticalsIndia
228David McMurtry$1.3 B$49 MManufacturingUnited Kingdom
229William Boyd & family$2.2 B$49 MCasinos, bankingUnited States
230Rick Cohen & family$9.9 B$48 MWarehouse automationUnited States
231Nusli Wadia$5.2 B$48 MConsumer goodsIndia
232Ludwig Merckle$9.6 B$48 MPharmaceuticalsGermany
233Thomas Hagen & family$9.1 B$48 MInsuranceUnited States
234Jiang Bin$4.4 B$48 MAcoustic componentsChina
235Ruan Liping$5.4 B$48 MPower stripsHong Kong
236Maja Oeri$3.5 B$48 MPharmaceuticalsSwitzerland
237Ruan Xueping$5.4 B$48 MPower stripHong Kong
238Charles Liang$2.2 B$47 MComputer hardwareUnited States
239Dhruv Sawhney$2.4 B$47 MEngineering, sugarIndia
240Jane Lauder$2.2 B$47 MEstée LauderUnited States
241John Brown$7.8 B$46 MMedical equipmentUnited States
242Gary Rollins & family$6.8 B$46 MPest controlUnited States
243John Fisher$3.0 B$46 MGapUnited States
244Xie Bingkun & family$1.7 B$46 MPearlescent pigmentsChina
245Balkrishan Goenka$3.3 B$45 MTextilesIndia
246Gao Jifan & family$1.9 B$45 MSolar equipmentChina
247Tamara Gustavson$9.1 B$45 MSelf storageUnited States
248Leon Black$13.3 B$44 MPrivate equityUnited States
249William Fisher$1.5 B$44 MGapUnited States
250Sergio Stevanato & family$5.2 B$44 MMedical packagingItaly
251Cai Huabo$1.5 B$44 MElectronicsChina
252Jorge Moll Filho & family$5.5 B$44 MHospitalsBrazil
253Gong Hongjia & family$9.2 B$44 MVideo surveillanceHong Kong
254Xu Jinfu & family$1.4 B$44 MChemicalsChina
255J. Hyatt Brown$4.0 B$43 MInsuranceUnited States
256Christy Walton$16.4 B$43 MWalmartUnited States
257N. Murray Edwards$3.1 B$43 MOil & gasCanada
258Ronda Stryker$8.2 B$43 MMedical equipmentUnited States
259Tran Dinh Long$2.2 B$42 MSteelVietnam
260Alexander Karp$3.4 B$42 MSoftware firmUnited States
261Robert Fisher$1.6 B$42 MGapUnited States
262Su Suyu & family$1.3 B$41 MUtilities, real estateChina
263Henri Beaufour$2.8 B$41 MPharmaceuticalsFrance
264Anne Beaufour$2.8 B$41 MPharmaceuticalsFrance
265Takanori Nakamura$1.0 B$41 MCloud softwareJapan
266Surjit Kumar Gupta$2.8 B$41 MElectrical equipmentIndia
267Satyanarayan Nuwal$5.2 B$41 MIndustrial explosivesIndia
268Gustavo Denegri & family$3.2 B$40 MBiotechItaly
269Baba Kalyani$4.8 B$40 MEngineeringIndia
270Lee Yeow Seng$2.3 B$40 MPalm oil, propertyMalaysia
271Fang Hongbo$1.4 B$40 MHome appliancesChina
272Nancy Walton Laurie$12.7 B$40 MWalmartUnited States
273Zhang Li$2.1 B$40 MReal estateChina
274Lee Seo-hyun$2.5 B$39 MSamsungSouth Korea
275R. Budi Hartono$26.7 B$38 MBanking, tobaccoIndonesia
276Steven Meng Yang & family$2.2 B$38 MElectronicsChina
277William Stone$2.8 B$38 MSoftwareUnited States
278Wolfgang Leitner$2.7 B$38 MEngineeringAustria
279Bom Kim$4.2 B$38 MOnline retailingUnited States
280Henry Engelhardt$1.5 B$38 MInsuranceUnited States
281Eric Yuan & family$4.4 B$38 MZoom Video CommunicationsUnited States
282Lai Meisong$4.9 B$38 MPackage deliveryChina
283Jin Baofang$2.3 B$38 MSolar panelsChina
284George Kurtz$5.3 B$38 MSecurity softwareUnited States
285Koon Poh Keong$4.1 B$37 MAluminumMalaysia
286Li Gaiteng$2.3 B$37 MHair dryersChina
287Michael Hartono$25.7 B$37 MBanking, tobaccoIndonesia
288Arthur Blank$8.8 B$37 MHome DepotUnited States
289Venu Srinivasan$4.8 B$36 MTwo-wheelersIndia
290Maria Frias$1.0 B$36 MMediaBrazil
291Viktor Vekselberg$7.6 B$36 MMetals, investmentsRussia
292Marc Benioff$8.9 B$36 MBusiness softwareUnited States
293Rupert Johnson Jr$3.7 B$36 MFranklin TempletonUnited States
294Ronald Clarke$1.4 B$36 Mpayments technologyUnited States
295Sandeep Engineer$3.3 B$35 MPlastic pipesIndia
296P.N.C. Menon$2.9 B$35 MReal estateOman
297Fred Ehrsam$2.2 B$35 Mcryptocurrency exchangeUnited States
298Albert Chao & family$4.8 B$35 MChemicals, building productsUnited States
299James Chao & family$4.8 B$35 MChemicals, building productsUnited States
300Dorothy Chao Jenkins & family$4.8 B$35 MChemicals, building productsUnited States
301Bin Lin$6.0 B$35 MSmartphonesUnited States
302Willy Michel$5.3 B$35 MMedical devicesSwitzerland
303Ren Jianhua$1.4 B$35 MKitchen appliancesChina
304Kim Jung-min$1.6 B$35 MOnline gamingSouth Korea
305Kim Jung-youn$1.6 B$35 MOnline gamingSouth Korea
306Susanne Klatten$23.2 B$34 MBMW, pharmaceuticalsGermany
307Li Ping$5.3 B$34 MBatteriesHong Kong
308Ulrike Meister$1.9 B$34 MAppliancesGermany
309Franziska Wuerbser$1.9 B$34 MKitchen appliancesGermany

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CEOWORLD magazine - Latest - Special Reports - The Biggest Billionaire Losers, 2024
Katherina Davis
Deputy News Editor at CEOWORLD Magazine. Covering money, work, and lifestyle stories. Covering issues of importance to public company nominating and corporate governance committees, including new director recruitment, board evaluations, onboarding, director compensation and overall corporate governance. More recently, I have joined the newsletters team, writing and editing some of the CEOWORLD Magazine's key reader emails.