Mon, 15 Oct 2012 04:30:00 GMT | By Anthony Shields, Minyanville
Riches to rags

10 stars of business and finance who lost billions.



Thomas Friedman, Robert L. Johnson, and Harry Macklowe. (© Lucas Jackson/Newscom/RTR; Mario Anzuoni/Newscom/RTR; Richard Corkery/NY Daily News Archive via Getty Images)
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  • Thomas Friedman, Robert L. Johnson, and Harry Macklowe. (© Lucas Jackson/Newscom/RTR; Mario Anzuoni/Newscom/RTR; Richard Corkery/NY Daily News Archive via Getty Images)
  • Westgate Resorts CEO David Siegel and his wife Jackie stand outside their home in Windermere, Fla. (© David Manning/Newscom/RTR)
  • Robert L Johnson accepts a BET Award at the taping of '25 Strong: The BET Silver Anniversary Celebration' in Los Angeles, Calif. on Oct. 26, 2005. (© Mario Anzuoni/Newscom/RTR)
  • Harry Macklowe at the Tribecca Grand Hotel Party.. (© Richard Corkery/NY Daily News Archive via Getty Images)
  • Journalist Thomas Friedman moderates a plenary session on strengthening market-based solutions during the Clinton Global Initiative in New York in 2010. (© Lucas Jackson/Newscom/RTR)
  • Robert Belfer (© Weill Cornell Medical College)
  • Barbara Davis (© WireImage)
  • JDA Software website.
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Lucas Jackson/Newscom/RTR; Mario Anzuoni/Newscom/RTR; Richard Corkery/NY Daily News Archive via Getty ImagesShow Thumbnails
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Since time immemorial, nothing has been quite as interesting as watching the lives of the rich and successful, especially when they seem to be teetering on the brink of failure. Maybe it’s simply a longing for that feeling of schadenfreude. But since the Greeks, the only thing people have loved more than a good rags-to-riches story is hearing about how the people on top eventually lost it all.

The following is a list of business magnates who once lived the good life only to lose much of their wealth due to forces beyond their control. Feel free to pity these honourees to whatever extent you wish, for they all lost billions due to the fickle will of the market ... thus proving that if you dare to dream big, it could happen to you.

* All dollar amounts in USD.

* Bing: Canada’s richest people

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