Want Consumerist in your inbox? We will not sell or rent your email
Forbes says that the collective worth of the 400 richest people fell by $300 billion or 19% to $1.27 trillion. The top reasons for the decline were market turmoil, plummeting real estate prices, fraud and divorce.
Founded in 2005, Consumerist is an independent source of consumer news and information published by Consumer Media LLC, a not-for-profit subsidiary of Consumer Reports.