Easy Come, Easy Go
ByWhen I interviewed casino mogul Sheldon Adelson a few years ago for All the Money in the World he was among the world’s richest dozen people. Between 2004 and 2006 his net worth increased by almost $1 million an hour, from $3 billion in 2004 to $23.6 billion in 2006.
How times have changed. According to Forbes’ latest rich list, Adelson’s net worth has fallen by $22 billion in the past 12 months to $3.4 billion. He ‘s now 178th among the world’s billionaires. Hardly a pauper. But still, if all things are relative, it must have been a pretty bumpy year.
The Guardian has a nice roundup of the main points from Forbes World’s Billionaires list, which was released yesterday. If you’d like a bit of inspiration in these hard times, you might be interested in Forbes’ slide show of the ten biggest billionaire gainers of 2008. Or, if you’re more inclined towards schadenfreude, you might prefer the notable drop offs instead.
Meanwhile, Mediaweek reports that John Stewart’s evisceration of CNBC’s financial reporting is the most streamed web clip of the year so far with over 1.3 million views (via Mediabistro):
UPDATE: Just when you thought it couldn’t get any better, Stewart gives Cramer a thorough dressing down:
1 Comments
March 16th, 2009 at 12:12 am
He is very good at contrition this Cramer fellow. He is difficult to dislike. (Assuming of course, you don’t watch his appalling TV show).