Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

By Clay Dillow, Newser Staff

Posted Oct 10, 2008 12:15 PM CDT

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Market Meltdown Reshapes Forbes Rich List — Sheldon Adelson, Chairman and CEO of The Las Vegas Sands Corporation, lost $4 billion between August 29 and Oct. 1. (AP Photo/Kin Cheung)

The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as the richest American. Other losers and their losses:

Dish Network CEO Charles Ergen: $2.2 billion
Oracle CEO Larry Ellison: $1.6 billion
Google founders Sergey Brin and Larry Page: $1.5 billion each
Investor Carl Icahn: $1.6 billion
Dell founder Michael Dell: $1.4 billion

(More Forbes 400 stories.)

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