Hi Patsy! Leave it to Michael get through the day with an increase in value. :)Leigh
"At one point today, Dell (Nasdaq: DELL - news) Chairman and CEO Michael Dell's net worth was down by $2 billion, before actually roaring back to $21.6 billion. He was the only member of the top five to actually increase his value at the close of market today from Friday's close."
Five Richest Americans Lose $23.8 Billion In Two Days
biz.yahoo.com
Tuesday April 4, 7:12 pm Eastern Time
Forbes.com
Five Richest Americans Lose $23.8 Billion In Two Days
By Anne Granfield
Think your portfolio was hard hit in the market turmoil of the last couple of days? Check out the billion dollar body blows to the top five members of the Forbes 400. Not surprisingly, it was the Microsoft (Nasdaq: MSFT - news) billionaires who got walloped the hardest.
Top dog Bill Gates saw his net worth plunge from $90.8 billion at close of business last Friday, to $76.9 billion at market's close today. Even to a mega-billionaire, a $14 billion paper loss has got to hurt. It was actually worse during today's market turmoil--at one point, Gates' holdings dwindled to $74 billion before rebounding slightly.
Paul Allen had about $5 billion erased from his holdings since Friday, throwing him into the #3 spot from #2, with $25.9 billion at end of day today. He was edged out by Warren Buffett, whose net worth fell by only $760 million over the last three days, to $26.4 billion. Bet he can use a laugh, after the lousy year Berkshire Hathaway (NYSE: BRKa - news) has had.
Steve Ballmer saw $4 billion wiped from his balance sheet, to $21.3 billion.
At one point today, Dell (Nasdaq: DELL - news) Chairman and CEO Michael Dell's net worth was down by $2 billion, before actually roaring back to $21.6 billion. He was the only member of the top five to actually increase his value at the close of market today from Friday's close. |
