The Ex-Billionaires: Who Lost Their Billionaire Status In 2021? | Forbes

The following video is brought to you courtesy of the Forbes YouTube Channel. Click the video below to watch it now.

Just 61 people across the globe saw their fortunes dip below $1 billion since last year, the smallest number in a decade, and another 23 billionaires died.

Thanks to the stock market’s remarkable rebound since the S&P 500 bottomed out in March 2020, a lot more people gained billionaire status over the past year than lost it. Just 61 of the 2,095 billionaires on last year’s World’s Billionaires list saw their fortunes dip below $1 billion this year, the smallest number since 2011, when 41 dropped off—though there were only 1,209 billionaires that year.

The most well-known departure is reality TV star Kylie Jenner. For years, Jenner and her savvy family trumpeted rosy revenue figures for her Kylie Cosmetics. When publicly traded Coty bought 51% of the business in early 2020 at a $1.2 billion valuation, it appeared to validate her status as a billionaire. But Coty’s subsequent filings showed Kylie Cosmetics was about half the size the Jenners had led Forbes and others to believe, and “momager” Kris Jenner likely also holds a stake.

Read the full profile on Forbes:

Subscribe to FORBES:

Stay Connected
Forbes newsletters:
Forbes on Facebook:
Forbes Video on Twitter:
Forbes Video on Instagram:
More From Forbes:

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.”



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!