With such drastic market fluctuation over the last several months, the fortunes of these billionaires took the biggest hit
Dani Reiss is another ex-billionaire whose retail empire was shaken before the pandemic. Shares of outerwear company Canada Goose, where Reiss is CEO, started falling in late February 2019 and are down 72% in the past year. The company missed analysts’ expectations throughout 2019 and took a hit from the months-long turmoil in Hong Kong, a major market for the apparel brand known for its $900-plus parkas.
Over in India, Anil Ambani, who was the world’s sixth-richest person in 2008, worth $42 billion, has fallen from the ranks. He and his brother Mukesh inherited their late father’s fortune in 2002. Three years later, the brothers split up the assets. Former WeWork chief executive Adam Neumann had a rather public downfall. The flashy office rental firm’s plans to go public last fall went awry when its August filings with the SEC raised concerns about its finances. Investors were also concerned about Neumann’s partying and other behavior.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A sharp drop in accident-and-emergency admissions worries medicsThe government has encouraged people to protect the NHS. It now needs to encourage them to protect themselves
Read more »
New York sees drop in new hospitalizations, deaths keep risingNew York state saw a sharp drop in the number of people newly admitted to a hospital in the past 24 hours to the lowest level since the coronavirus outbreak began, a sign that social distancing steps were working, Governor Andrew Cuomo said on Thursday.
Read more »
New York Coronavirus Hospitalizations Drop To Lowest Level Since March 19NY Governor Andrew Cuomo said today that even though his state again saw its biggest single-day increase in coronavirus deaths, the total number of new hospitalizations continues to decline—hitting its lowest level in 3 weeks by skleb1234
Read more »
New York Coronavirus Hospitalizations Drop To Lowest Level Since March 19“Data suggests that we are flattening the curve so far,” Cuomo said.
Read more »
It's Official: Netflix Will Drop a New 'Tiger King' Episode This WeekendIn a perfect world, Joe Exotic would perform his auto-tuned country songs.
Read more »