5 notable billionaires who dropped off from the Forbes400
At least 11 of the fortunes, including those of meat processor John Tyson, casino entrepreneur Elaine Wynn and WWE’s Vince McMahon were hit by the pandemic.espite the global pandemic and record unemployment numbers in the U.S., the country’s richest are doing better than ever. Members of The Forbes 400 list of richest Americans are 8% wealthier than last year, with a record collective net worth of $3.2 trillion. Still, 25 billionaires who were on the 2019 list fell below this year’s $2.
The dropoffs include Tyson Foods Chairman John Tyson, whose company has been struggling with Covid-19 breakouts at its meat-processing plants, and Elaine Wynn, the largest shareholder of publicly-traded casino operator Wynn Resorts, which temporarily shut down for nearly three months earlier this year due to the pandemic.
Another name missing from this year’s list is Whitney MacMillan, who died in March at age 90. Worth $5.1 billion at the time, he was chairman and chief executive of global food giant Cargill from 1976 until 1995. His great-grandfather started the business with a single grain warehouse in Iowa in 1865.
On August 12, Sumner Redstone, the media mogul behind CBS and Viacom, died at age 97. Redstone, who was worth $3 billion at the time of his death, was the controlling shareholder of ViacomCBS, which had merged in December 2019. His daughter, Shari, is the chairwoman of the $16.6 billion media and entertainment giant.
After The Forbes 400 was finalized and sent to the printers, list member Randall Rollins, ranked No. 148 and worth an estimated $4.7 billion, died on August 17 at age 88. used stock prices from July 24, 2020 to calculate net worths for the list, and for those who dropped off.Wesley Hitt/Courtesy Of Tyson Foods
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