Forbes 400: Deceased, declined or left behind

Published: Nov 28, 2017

With the minimum net worth for admission to a forbes 400 membership at a record $2 billion, 26 titans from last year’s list can no longer afford to get past the velvet rope and into the club. Death removed an additional four members from the rolls permanently.

g_101209_john_kapoor_280x210.jpgImage: Jamel Toppins for Forbes
PAIN DRAIN
John Kapoor stepped down as CEO of opioid maker Insys in January (while holding on to his majority stake in the firm), as mounting federal and state investigations into the company’s sales and marketing practices have hit the stock hard. Insys has lost 36 percent of its value in a year.

g_101211_james_france_280x210.jpgImage: Rusty Jarrett / Getty Images for NASCAR


OFF-TRACK
Despite ten-year deals with NBC and Fox that began in 2015, James France’s Nascar might be losing speed: TV viewership is down, and in-stadium admission revenues haven’t recovered since the Great Recession. The average value of a Nascar team fell by 7 percent.

g_101213_kevin_plank_280x210.jpgImage: Steve Marcus / Reuters

UNDERPERFORMER
In April, Kevin Plank’s Under Armour posted its first quarterly loss since going public 11 years ago. The stock is down nearly 60 percent in the past year amid increased competition and hard times for retail overall.

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(This story appears in the 08 December, 2017 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

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