Gone (For Now)
THE COMMODITIES rout, equity 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 U.S., which had 25 new ex-billionaires. Brazil lost 23 billionaires, while 19 Russians and 15 from India got the boot—giving a whole new meaning to the term “BRIC economy.” rubens ometto SILVEIRA mello The world’s first ethanol billionaire, a Brazilian, runs publicly traded Cosan, a conglomerate based in São Paulo. The oil glut has been bad for both alternative fuels and fuel additives; shares in Cosan are down 62% from a year ago.