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Five US Billionaires Who Made It To Forbes 400 Only Once

These five each made it onto The Forbes 400 only once. Here’s why they didn’t last

Published: Oct 4, 2013 06:06:32 AM IST
Updated: Oct 3, 2013 05:27:47 PM IST

Five US Billionaires Who Made It To Forbes 400 Only Once

David Blech
1992: $295 MLN

In 1990, he launched D Blech & Co. By 1994 it collapsed. He is now beginning to serve a four-year sentence in federal prison for manipulating stock prices.


Five US Billionaires Who Made It To Forbes 400 Only Once




Walter Alessandrini
2000: $770 MLN

He joined fibre-optic equipment maker Avanex as CEO 11 months before it went public. Soon it was trading at nearly 200 times revenue.


Five US Billionaires Who Made It To Forbes 400 Only Once




John Chambers
2000: $1 BLN

He joined Cisco Systems in 1991; has been CEO since 1995. The year he made the 400, 80 percent of all internet traffic passed through Cisco routers.

Five US Billionaires Who Made It To Forbes 400 Only Once




Michael Novogratz
2007: $1.5 BLN

He was one of a group that took Fortress Investment Group public at $18.50 a share. As the stock hit $35 on its first day, the five of them became billionaires.

Five US Billionaires Who Made It To Forbes 400 Only Once




Mark Pincus
2011: $2 BLN

In 2011, his company, Zynga, completed the largest IPO in the tech sector since Google; it suffered losses after that. He stepped down as CEO in July 2013.

Image: Blech: Robert Caplin / The New York Times / Redux; Chambers, Novogratz, Pincus: Getty Images

(This story appears in the 18 October, 2013 issue of Forbes India. To visit our Archives, click here.)

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