The Ex-Billionaires: Who Lost Their Billionaire Status In 2021? | Forbes
Just 61 people across the globe saw their fortunes dip below $1 billion since last year, the smallest number in a decade, and another 23 billionaires died.
Thanks to the stock market’s remarkable rebound since the S&P 500 bottomed out in March 2020, a lot more people gained billionaire status over the past year than lost it. Just 61 of the 2,095 billionaires on last year’s World’s Billionaires list saw their fortunes dip below $1 billion this year, the smallest number since 2011, when 41 dropped off—though there were only 1,209 billionaires that year.
The most well-known departure is reality TV star Kylie Jenner. For years, Jenner and her savvy family trumpeted rosy revenue figures for her Kylie Cosmetics. When publicly traded Coty bought 51% of the business in early 2020 at a $1.2 billion valuation, it appeared to validate her status as a billionaire. But Coty’s subsequent filings showed Kylie Cosmetics was about half the size the Jenners had led Forbes and others to believe, and “momager” Kris Jenner likely also holds a stake.
Read the full profile on Forbes: https://www.forbes.com/sites/hanktucker/2021/04/06/kylie-jenner-west-virginia-governor-jim-justice-and-59-others-who-lost-their-billionaire-status-this-year/?sh=14be54ee3eee
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Видео The Ex-Billionaires: Who Lost Their Billionaire Status In 2021? | Forbes канала Forbes
Thanks to the stock market’s remarkable rebound since the S&P 500 bottomed out in March 2020, a lot more people gained billionaire status over the past year than lost it. Just 61 of the 2,095 billionaires on last year’s World’s Billionaires list saw their fortunes dip below $1 billion this year, the smallest number since 2011, when 41 dropped off—though there were only 1,209 billionaires that year.
The most well-known departure is reality TV star Kylie Jenner. For years, Jenner and her savvy family trumpeted rosy revenue figures for her Kylie Cosmetics. When publicly traded Coty bought 51% of the business in early 2020 at a $1.2 billion valuation, it appeared to validate her status as a billionaire. But Coty’s subsequent filings showed Kylie Cosmetics was about half the size the Jenners had led Forbes and others to believe, and “momager” Kris Jenner likely also holds a stake.
Read the full profile on Forbes: https://www.forbes.com/sites/hanktucker/2021/04/06/kylie-jenner-west-virginia-governor-jim-justice-and-59-others-who-lost-their-billionaire-status-this-year/?sh=14be54ee3eee
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Видео The Ex-Billionaires: Who Lost Their Billionaire Status In 2021? | Forbes канала Forbes
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