The World's Billionaires list: Down and off
A pizza empire goes cold, accounting troubles and other dramatic billionaire drop-offs
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Last Updated: Apr 09, 2018, 15:26 IST1 min
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Over the past year, 120-odd individuals fell from the global billionaire ranks. China lost the most—around 50—while all 10 Saudi Arabians also dropped out of the three-comma club. The four former billionaires below experienced especially dramatic drops 20 other notables are at the bottom.
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John SchnatterUS | Papa John's Pizza2018 NET WORTH: $750 MILLION (DOWN 25 PERCENT)Schnatter blamed slowing growth at his Papa John’s pizza chain partly on the National Football League’s (NFL) “poor leadership” in handling national anthem protests. Football fans eat a lot of pies, and Papa John’s is a major NFL sponsor.Christoffel WieseSouth Africa | Retail2018 NET WORTH: $600 MILLION (DOWN 89 Percent) An accounting scandal ravaged Steinhoff International, a home-goods retailer that forms a major part of Wiese’s expansive empire. He resigned as chairman in December company shares have lost nearly 87 percent of their value.
First Published: Apr 09, 2018, 15:26
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