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	<title>How To Make Money Online &#187; 2009</title>
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		<title>30 Entrepreneurs That Lost Lots Of Money This Recession</title>
		<link>http://www.incomediary.com/30-entrepreneurs-that-lost-lots-of-money-in-the-recession</link>
		<comments>http://www.incomediary.com/30-entrepreneurs-that-lost-lots-of-money-in-the-recession#comments</comments>
		<pubDate>Tue, 17 Mar 2009 09:20:27 +0000</pubDate>
		<dc:creator>Michael Dunlop</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[2008]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[Bill Gates]]></category>
		<category><![CDATA[Billionaires]]></category>
		<category><![CDATA[Broke]]></category>
		<category><![CDATA[Entrepreneurs]]></category>
		<category><![CDATA[Recession]]></category>

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		<description><![CDATA[Hello Everyone, The credit crunch / so-called recession will made some people very rich (look at the history of past recessions to see that) but like it or not it is the case that some ...]]></description>
			<content:encoded><![CDATA[<p><script src="http://www.reddit.com/r/business/button.js?t=3" type="text/javascript"></script></p>
<p>Hello Everyone,</p>
<p>The credit crunch / so-called recession will made some people very rich (look at the history of past recessions to see that) but like it or not it is the case that some established entrepreneurs have lost billions in last year! The list below is of the biggest loss&#8217;s in the last year! The main reason for the huge drops in net worth are because their net worth is estimated by the amount of shares they have in their company so when Google&#8217;s share price drops, Larry and Sergey&#8217;s net worth drops with it. It is also notable that Roman Abramovich lost $2.5 Billion in 2007 when he split with wife, Irina.</p>
<p>Although these huge companys have taken a huge hit in share price, it doesn&#8217;t mean that everything is all bad. <a href="http://www.incomediary.com/top-earning-websites/">Google still earns $691.27 a second</a> and is set to have its best year yet! If you want a piece of the pie then you can create you own website by signing up for my <a href="http://www.incomediary.com/create-a-profitable-blog/">7 day FREE eCourse</a> and checking out my <a href="http://www.incomediary.com/blogging-resources/">blogging resources</a>.</p>
<p>There is two sides to every equation, its up to you whether or not you make it! Have the end in mind and make sure every day you are working towards it! <strong>The other interesting point about these 30 entrepreneurs is that they all remain Billionaires <img src='http://www.incomediary.com/wp-includes/images/smilies/icon_wink.gif' alt="icon wink 30 Entrepreneurs That Lost Lots Of Money This Recession" class='wp-smiley' title="30 Entrepreneurs That Lost Lots Of Money This Recession" />  </strong></p>
<h2>The Recession Made Them Broke</h2>
<table class="topblogs" border="0" cellspacing="0" cellpadding="0" width="540">
<tbody></tbody>
<thead>
<tr class="greenbar" height="36">
<td class="f" width="88" height="36">
<div>RANK</div>
</td>
<td width="180">
<div>PERSON</div>
</td>
<td width="158">
<div>2008 NET WORTH</div>
</td>
<td width="118">
<div>2009 NET WORTH</div>
</td>
<td class="l" width="124">
<div>LOSS OF WEALTH</div>
</td>
</tr>
</thead>
<tbody>
<tr height="99">
<td height="99">
<div>1</div>
</td>
<td>
<div>Anil Ambani</p>
<p><img src="http://www.incomediary.com/images/billionaires/anilambani_100x100.jpg" alt="anilambani 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>42.0 Billion</div>
</td>
<td>
<div>10.1 Billion</div>
</td>
<td>
<div>31.9 Billion</div>
</td>
</tr>
<tr class="alt" height="98">
<td height="98">
<div>2</div>
</td>
<td>
<div>Lakshmi Mittal</p>
<p><img src="http://www.incomediary.com/images/billionaires/Lakshmi Mittal_100x100.jpg" alt="Lakshmi Mittal 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>45.0 Billion</div>
</td>
<td>
<div>19.3 Billion</div>
</td>
<td>
<div>25.7 Billion</div>
</td>
</tr>
<tr height="105">
<td height="105">
<div>3</div>
</td>
<td>
<div>Carlos Slim</p>
<p><img src="http://www.incomediary.com/images/billionaires/CarlosSlim_100x100.jpg" alt="CarlosSlim 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>60.0 Billion</div>
</td>
<td>
<div>35.0 Billion</div>
</td>
<td>
<div>25.0 Billion</div>
</td>
</tr>
<tr class="alt" height="109">
<td height="109">
<div>4</div>
</td>
<td>
<div>Warren Buffett</p>
<p><img src="http://www.incomediary.com/images/billionaires/1_warren_buffett_bn_100x100.jpg" alt="1 warren buffett bn 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>62.0 Billion</div>
</td>
<td>
<div>37.0 Billion</div>
</td>
<td>
<div>25.0 Billion</div>
</td>
</tr>
<tr height="99">
<td height="99">
<div>5</div>
</td>
<td>
<div>Mukesh Ambani</p>
<p><img src="http://www.incomediary.com/images/billionaires/mukeshambani_0_100x100.jpg" alt="mukeshambani 0 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>43.0 Billion</div>
</td>
<td>
<div>19.5 Billion</div>
</td>
<td>
<div>23.5 Billion</div>
</td>
</tr>
<tr class="alt" height="112">
<td height="112">
<div>6</div>
</td>
<td>
<div>William Gates III</p>
<p><img src="http://www.incomediary.com/images/billionaires/billgates.jpg" alt="billgates 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>58.0 Billion</div>
</td>
<td>
<div>40.0 Billion</div>
</td>
<td>
<div>18.0 Billion</div>
</td>
</tr>
<tr height="115">
<td height="115">
<div>7</div>
</td>
<td>
<div>Alexei Mordashov</p>
<p><img src="http://www.incomediary.com/images/billionaires/alexiei Mordashev1_100x100.jpg" alt="alexiei Mordashev1 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>21.2 Billion</div>
</td>
<td>
<div>4.3 Billion</div>
</td>
<td>
<div>16.7 Billion</div>
</td>
</tr>
<tr class="alt" height="116">
<td height="116">
<div>8</div>
</td>
<td>
<div>Vladimir Lisin</p>
<p><img src="http://www.incomediary.com/images/billionaires/Vladimir Lisin.jpg_100x100.jpg" alt="Vladimir Lisin.jpg 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>20.3 Billion</div>
</td>
<td>
<div>5.2 Billion</div>
</td>
<td>
<div>15.1 Billion</div>
</td>
</tr>
<tr height="112">
<td height="112">
<div>9</div>
</td>
<td>
<div>Roman Abramovich</p>
<p><img src="http://www.incomediary.com/images/billionaires/Roman Abramovich_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>23.5 Billion</div>
</td>
<td>
<div>8.5 Billion</div>
</td>
<td>
<div>15.0 Billion</div>
</td>
</tr>
<tr class="alt" height="121">
<td height="121">
<div>10</div>
</td>
<td>
<div>Mikhail Fridman</p>
<p><img src="http://www.incomediary.com/images/billionaires/Mikhail Fridman_100x100.jpg" alt="Mikhail Fridman 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>20.8 Billion</div>
</td>
<td>
<div>6.3 Billion</div>
</td>
<td>
<div>14.5 Billion</div>
</td>
</tr>
<tr height="113">
<td height="113">
<div>11</div>
</td>
<td>
<div>Kirk Kerkorian</p>
<p><img src="http://www.incomediary.com/images/billionaires/KirkKerkorian.jpg" alt="KirkKerkorian 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>16.0 Billion</div>
</td>
<td>
<div>5.0 Billion</div>
</td>
<td>
<div>11.0 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>12</div>
</td>
<td>
<div>Li Ka-shing</p>
<p><img src="http://www.incomediary.com/images/billionaires/Li Ka-shing_100x100.jpg" alt="Li Ka shing 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>26.5 Billion</div>
</td>
<td>
<div>16.2 Billion</div>
</td>
<td>
<div>10.3 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>13</div>
</td>
<td>
<div>Mikhail Prokhorov</p>
<p><img src="http://www.incomediary.com/images/billionaires/Mikhail Prokhorov_100x100.jpg" alt="Mikhail Prokhorov 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>19.5 Billion</div>
</td>
<td>
<div>9.5 Billion</div>
</td>
<td>
<div>10.0 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>14</div>
</td>
<td>
<div>Lee Shau Kee</p>
<p><img src="http://www.incomediary.com/images/billionaires/LeeShauKee_100x100.jpg" alt="LeeShauKee 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>19.0 Billion</div>
</td>
<td>
<div>9.0 Billion</div>
</td>
<td>
<div>10.0 Billion</div>
</td>
</tr>
<tr height="111">
<td height="111">
<div>15</div>
</td>
<td>
<div>Liliane Bettencourt</p>
<p><img src="http://www.incomediary.com/images/billionaires/Liliane Bettencourt_100x100.jpg" alt="Liliane Bettencourt 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>22.9 Billion</div>
</td>
<td>
<div>13.4 Billion</div>
</td>
<td>
<div>9.5 Billion</div>
</td>
</tr>
<tr class="alt" height="111">
<td height="111">
<div>16</div>
</td>
<td>
<div>Shashi &amp; Ravi Ruia</p>
<p><img src="http://www.incomediary.com/images/billionaires/Shashi &amp; Ravi Ruia_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>15.0 Billion</div>
</td>
<td>
<div>5.6 Billion</div>
</td>
<td>
<div>9.4 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>17</div>
</td>
<td>
<div>Francois Pinault &amp; family</p>
<p><img src="http://www.incomediary.com/images/billionaires/Francois Pinault _100x100.jpg" alt="Francois Pinault  100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>16.9 Billion</div>
</td>
<td>
<div>7.6 Billion</div>
</td>
<td>
<div>9.3 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>18</div>
</td>
<td>
<div>Bernard Arnault</p>
<p><img src="http://www.incomediary.com/images/billionaires/Bernard Arnault_100x100.jpg" alt="Bernard Arnault 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>25.5 Billion</div>
</td>
<td>
<div>16.5 Billion</div>
</td>
<td>
<div>9.0 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>19</div>
</td>
<td>
<div>Ingvar Kamprad</p>
<p><img src="http://www.incomediary.com/images/billionaires/ingvar kampards_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>31.0 Billion</div>
</td>
<td>
<div>22.0 Billion</div>
</td>
<td>
<div>9.0 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>20</div>
</td>
<td>
<div>Prince Alwaleed</p>
<p><img src="http://www.incomediary.com/images/billionaires/Prince Alwaleed_100x100.jpg" alt="Prince Alwaleed 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>21.0 Billion</div>
</td>
<td>
<div>13.3 Billion</div>
</td>
<td>
<div>7.7 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>21</div>
</td>
<td>
<div>Sergey Brin</p>
<p><img src="http://www.incomediary.com/images/billionaires/Sergery Brin_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>18.7 Billion</div>
</td>
<td>
<div>12.0 Billion</div>
</td>
<td>
<div>6.7 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>22</div>
</td>
<td>
<div>Larry Page</p>
<p><img src="http://www.incomediary.com/images/billionaires/larrypage.jpg" alt="larrypage 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>18.6 Billion</div>
</td>
<td>
<div>12.0 Billion</div>
</td>
<td>
<div>6.6 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>23</div>
</td>
<td>
<div>David Thomson &amp; family</p>
<p><img src="http://www.incomediary.com/images/billionaires/David Thompsnon_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>18.9 Billion</div>
</td>
<td>
<div>13.0 Billion</div>
</td>
<td>
<div>5.9 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>24</div>
</td>
<td>
<div>Nasser Al-Kharafi &amp; family</p>
<p><img src="http://www.incomediary.com/images/billionaires/nasser-al-kharafi_100x100.jpg" alt="nasser al kharafi 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>14.0 Billion</div>
</td>
<td>
<div>8.1 Billion</div>
</td>
<td>
<div>5.9 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>25</div>
</td>
<td>
<div>Karl Albrecht</p>
<p><img src="http://www.incomediary.com/images/billionaires/Karl Albrecht_100x100.jpg" alt="Karl Albrecht 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>27.0 Billion</div>
</td>
<td>
<div>21.5 Billion</div>
</td>
<td>
<div>5.5 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>26</div>
</td>
<td>
<div>Paul Allen</p>
<p><img src="http://www.incomediary.com/images/billionaires/PaulAllen.jpg" alt="PaulAllen 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>16.0 Billion</div>
</td>
<td>
<div>10.5 Billion</div>
</td>
<td>
<div>5.5 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>27</div>
</td>
<td>
<div>Michael Otto &amp; family</p>
<p><img src="http://www.incomediary.com/images/billionaires/Michael Otto _100x100.jpg" alt="Michael Otto  100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>18.2 Billion</div>
</td>
<td>
<div>13.2 Billion</div>
</td>
<td>
<div>5.0 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>28</div>
</td>
<td>
<div>Abigail Johnson</p>
<p><img src="http://www.incomediary.com/images/billionaires/Abigail Johnson_100x100.jpg" alt="Abigail Johnson 100x100 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>15.0 Billion</div>
</td>
<td>
<div>10.0 Billion</div>
</td>
<td>
<div>5.0 Billion</div>
</td>
</tr>
<tr height="110">
<td height="110">
<div>29</div>
</td>
<td>
<div>Jacqueline Mars</p>
<p><img src="http://www.incomediary.com/images/billionaires/Jcqueline mars_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>14.0 Billion</div>
</td>
<td>
<div>9.0 Billion</div>
</td>
<td>
<div>5.0 Billion</div>
</td>
</tr>
<tr class="alt" height="110">
<td height="110">
<div>30</div>
</td>
<td>
<div>John Mars</p>
<p><img src="http://www.incomediary.com/images/billionaires/john mars_100x100.jpeg" alt=" 30 Entrepreneurs That Lost Lots Of Money This Recession" width="100" height="100" title="30 Entrepreneurs That Lost Lots Of Money This Recession" /></p>
</div>
</td>
<td>
<div>14.0 Billion</div>
</td>
<td>
<div>9.0 Billion</div>
</td>
<td>
<div>5.0 Billion</div>
</td>
</tr>
</tbody>
</table>
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