Forbes India 30 Under 30 2023

Drop-offs: 221 billionaires got knocked off the list

This year, 221 billionaires fell off the Forbes World's Billionaires List, the most since 2009. Which of them tumbled the most; and why?

Published: Mar 22, 2016 06:42:00 AM IST
Updated: Mar 22, 2016 06:08:09 PM IST

The commodities rout, market mayhem and global economic uncertainty have dented the wealth of many of the world’s richest. This past year 221 billionaires got knocked off our list; not since 2009—when the credit crisis exiled 355 from the three-comma club—have so many fallen in one year.

China lost the most—42—followed by the US, which had 25 ex-billionaires. Brazil lost 23, while 19 Russians and 15 Indians got the boot—giving a new meaning to the term ‘BRIC economy’.

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Drop-offs: 221 billionaires got knocked off the list

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