4 ms·

Billionaire Blowups of 2008

• deleted 18y ago
  [deleted]
• okeumeni 18y ago
  'Bjorgflur Gudmundsson March net worth: $1.1 billion Current net worth: zero' WOOW! I don't believe this.
  • pchristensen 18y ago
    "government seizure of Iceland's second largest bank wiped out the $1.1 billion fortune of Gudmundsson, the bank's chairman and biggest shareholder" http://news.ycombinator.com/item?id=414491 http://news.ycombinator.com/item?id=414491
    • fallentimes 18y ago
      So that's why you diversify :).
• vaksel 18y ago
  why is a guy who lost .6 billion, in a higher spot than a guy who lost 1.1 billion?
  • maneesh 18y ago
    cause it's in alphabetical order
    • vaksel 18y ago
      oh yeah. Thanks
  • mtw 18y ago
    also because it's just a preview of the list
• matt1 18y ago
  With $1.0 billion you could invest $10K into 100,000 startups or $100K in 10,000 startups. Surely you could change the world, leave a legacy, and simultaneously generate a profit on that kind of investment, no? Why doesn't somebody do this?
  • unrealwh 18y ago
    because you could never assess the viability of that many startups. people would end up coming up to you with made-up business plans just to soak you for 100k. frankly you would be better off just seeding college scholarships.
  • aaronblohowiak 18y ago
    $1.0 in "worth" does not mean $1B in cash. Also, the administration of 10,000 separate investment? How would you mentor the founders? Staff the boards? Would it be worth your time or your investment?