Commodity.com - update June 8, 2020

How Billionaires Go Broke: 8 People Who Lost Almost Everything

Economic downturns are hard on everyone. But for billionaires, they can be catastrophic. When people have that kind of money, it isn't stored as cash in a safe somewhere. It is in the form of things like real estate and business holdings. And exactly how much money any given person is worth depends upon what other people think those holdings are worth. And those valuations can change by the day, hour, or even minute. Sometimes it isn't a matter of simply losing everything. Seán Quinn, for example, was the richest man in Ireland at the start of 2008 — estimated to be worth $6 billion. Although he started off

Read more at: Commodity.com