Riches-to-Rags
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Fallen Billionaires
The richer are getting richer. Well, not all of them. Some have taken the billion-dollar plunge.
Riches-to-Rags Billionaires: Read the Article
Next: Sanjiv Sidhu -
Sanjiv Sidhu
This founder of i2 Technologies saw his company's stocks soar 850% in the 12 years after its 1988 formation. On account of the tech bubble burst, Sidhu's net worth did a turn-around in 2001 and dropped nearly $9 billion over a single year.
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Next: Alberto Vilar -
Valery Melnikov, AFP / Getty Images
Alberto Vilar
Another victim of the tech bubble burst, this opera benefactor and tech investor had a bad year in 2001 when he lost his entire fortune of $1 billion.
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Next: Martha Stewart -
Mike Clarke, AFP / Getty Images
Martha Stewart
Martha Stewart Living Omnimedia stock climbed 90% on the news that this former fashion-model-turned-media-maven was being sent to prison for cooking up a story about Imclone insider trading. While she was behind bars her net worth rose to $1 billion and then tumbled 40% in a matter of weeks.
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Next: Barbara Davis -
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Barbara Davis & Family
The family of Davis Petroleum founder and onetime Twentieth Century Fox owner Marvin Davis was believed to be worth billions in 2005. They have since fallen on hard times due in part to a company bankruptcy and a lawsuit.
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Next: Victor Galán -
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Victor Galán
This Castro refugee opened a mortgage bank in Puerto Rico with $25,000 in 1972. He grew wealthy during a refinancing boom via R&G Financial and saw his worth rise to $800 million in 2004. Galán recently resigned as CEO amid an accounting scandal. These days Galán's stake is only worth $80 million.
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Next: Self-Made Billionaires -
Michele Crosera, Getty Images
Forbes' Rags-to-Riches Billionaires
Almost two-thirds of the world's billionaires made their fortunes from scratch, relying on grit and determination, and not on good genes. How far did they have to climb? Francois Pinault, pictured, went from high school drop out too ...
See Self-Made Billionaires
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