1. William Erbey
Assets last year: 2.5 billion USD
Assets this year: 556 million USD
The stock price of the leading subprime mortgage servicer in the US that Wiliam Erbey built – Ocwen Financial – fell nearly 75% last year, causing his assets to also decline.
1. William Erbey
Assets last year: 2.5 billion USD
Assets this year: 556 million USD
The stock price of the leading subprime mortgage servicer in the US that Wiliam Erbey built – Ocwen Financial – fell nearly 75% last year, causing his assets to also decline.
2. Mark Vadon
Assets last year: 1.35 billion USD
Assets this year: 653 million USD
Vadon earned his bachelor’s degree from Harvard University and his MBA from Stanford University.
2. Mark Vadon
Assets last year: 1.35 billion USD
Assets this year: 653 million USD
Vadon earned his bachelor’s degree from Harvard University and his MBA from Stanford University.
3. Michael Kors
Last year’s assets: 1 billion USD
Assets this year: 915 million USD
The famous American fashion designer only joined this list last year, after 3 years of IPO for the company.
3. Michael Kors
Last year’s assets: 1 billion USD
Assets this year: 915 million USD
The famous American fashion designer only joined this list last year, after 3 years of IPO for the company.
4. Petro Poroshenko
Assets last year: 1.3 billion USD
Assets this year: 730 million USD
The crisis in Ukraine caused the country’s President – Petro Poroshenko to lose nearly half of his assets last year, amid plummeting local currency and political pressure requiring him to sell his main asset – a candy company called Roshen.
4. Petro Poroshenko
Assets last year: 1.3 billion USD
Assets this year: 730 million USD
The crisis in Ukraine caused the country’s President – Petro Poroshenko to lose nearly half of his assets last year, amid plummeting local currency and political pressure requiring him to sell his main asset – a candy company called Roshen.
5. Yuri Kovalchuk
Assets last year: 1.4 billion USD
Assets this year: 650 million USD
Yuri Kovalchuk is a longtime friend of Russian President Vladimir Putin and is also one of the Russian tycoons sanctioned by the West.
5. Yuri Kovalchuk
Assets last year: 1.4 billion USD
Assets this year: 650 million USD
Yuri Kovalchuk is a longtime friend of Russian President Vladimir Putin and is also one of the Russian tycoons sanctioned by the West.
6. Brij Bhushan Singal
Assets last year: 1.15 billion USD
Assets this year: 375 million USD
The owner of steel company Bhushan Steel (India) lost most of his assets after his son Neeraj Singhal was arrested in August 2014.
6. Brij Bhushan Singal
Assets last year: 1.15 billion USD
Assets this year: 375 million USD
The owner of steel company Bhushan Steel (India) lost most of his assets after his son Neeraj Singhal was arrested in August 2014.
7. Cesar Mata Pires
Assets last year: 1.55 billion USD
Assets this year: 311 million USD
The Brazilian tycoon lost more than a billion dollars after his construction company, OAS, was accused of bribing government officials to win contracts.
7. Cesar Mata Pires
Assets last year: 1.55 billion USD
Assets this year: 311 million USD
The Brazilian tycoon lost more than a billion dollars after his construction company, OAS, was accused of bribing government officials to win contracts.
8. Oleg Tinkov
Assets last year: 1.4 billion USD
Assets this year: 470 million USD
Western sanctions also caused Oleg Tinkov’s credit card company Tinkov Credit Systems to lose more than 85% since its IPO in late 2013, due to many Russian companies defaulting on their debt.
8. Oleg Tinkov
Assets last year: 1.4 billion USD
Assets this year: 470 million USD
Western sanctions also caused Oleg Tinkov’s credit card company Tinkov Credit Systems to lose more than 85% since its IPO in late 2013, due to many Russian companies defaulting on their debt.
9. Dmitry Korzhev and Dmitry Troitsky
Last year’s assets: $1 billion each
Russian bans on Western food imports caused shares of Russian supermarket chain O’Key to lose more than 60% last year.
9. Dmitry Korzhev and Dmitry Troitsky
Last year’s assets: $1 billion each
Russian bans on Western food imports caused shares of Russian supermarket chain O’Key to lose more than 60% last year.
Ha Thu (according to Forbes)