GOBankingRates

21 Billionaires Who Lost Big in 2020

Ben Margot/AP/Shutterstock / Ben Margot/AP/Shutterstock

Ben Margot/AP/Shutterstock / Ben Margot/AP/Shutterstock

2020 has been a tough year for many people’s finances as the coronavirus has decimated jobs and put 401(k) plans on shaky ground. It’s been a different story for the world’s billionaires, though. In fact, most of the 50 richest billionaires have gotten even richer. Those who have grown stronger through the storm include those invested in the technology, grocery and industrial sectors.

Having billions to your name, though, means you also have billions to lose, and other sectors that have been traditional cash cows are not faring so well in this environment. Business in real estate has taken a hit as physical retailers struggle and companies rethink office space. The finance and banking industries are also reflections of the communities they serve, facing losses from loan defaults and riskier asset holdings. And unless you’re in the fashion business of loungewear, not as many people as usual are buying clothing.

See who made this list of wealthy people who have lost the most money this year.

Last updated: Nov. 16, 2020

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21. Donald Bren

  • Source of wealth: Real estate
  • Industries: Real estate
  • Net worth in March: $15.5 billion
  • Net worth in November: $15.3 billion
  • Change in net worth ($): $200 million
  • Change in net worth (%): -1.29%
©UN Photo / Violaine Martin

20. Carlos Slim Helu & Family

  • Source of wealth: Telecom
  • Industries: Telecom
  • Net worth in March: $52.1 billion
  • Net worth in November: $51.3 billion
  • Change in net worth ($): -$800 million
  • Change in net worth (%): -1.54%
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19. Wang Jianlin

  • Source of wealth: Real estate
  • Industries: Real estate 
  • Net worth in March: $14 billion
  • Net worth in November: $13.7 billion
  • Change in net worth ($): -$300 million
  • Change in net worth (%): -2.14%
Easyturn / Getty Images/iStockphoto

18. Sun Hongbin

  • Source of wealth: Real estate
  • Industries: Real estate
  • Net worth in March: $9.2 billion
  • Net worth in November: $9 billion
  • Change in net worth ($): -$200 million
  • Change in net worth (%): -2.17%
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17. Ricardo Salinas Pliego & Family

  • Source of wealth: Retail, media
  • Industries: Fashion & retail
  • Net worth in March: $11.7 billion
  • Net worth in November: $11.4 billion
  • Change in net worth ($): -$300 million
  • Change in net worth (%): -2.56%

Read More: The World’s Billionaires Have More Wealth Than Almost 5 Billion People Combined 

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16. Michael Kadoorie

  • Source: Hotels, energy
  • Industries: Energy
  • Net worth in March: $7.3 billion
  • Net worth in November: $7.1 billion
  • Change in net worth ($): -$200 million
  • Change in net worth (%): -2.74%
Ben Margot/AP/Shutterstock / Ben Margot/AP/Shutterstock

15. Gordon Moore

  • Source of wealth: Intel
  • Industries: Technology
  • Net worth in March: $9.8 billion
  • Net worth in November: $9.5 billion
  • Change in net worth ($): -$300 million
  • Change in net worth (%): -3.06%
©Shutterstock.com

14. Luis Carlos Sarmiento

  • Source of wealth: Banking
  • Industries: Finance & investments
  • Net worth in March: $9 billion
  • Net worth in November: $8.7 billion
  • Change in net worth ($): -$300 million
  • Change in net worth (%): -3.33%
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13. Andrew Beal

  • Source of wealth: Banks, real estate
  • Industries: Finance & investments
  • Net worth in March: $7.9 billion
  • Net worth in November: $7.6 billion
  • Change in net worth ($): -$300 million
  • Change in net worth (%): -3.80%
Kin Cheung/AP/Shutterstock / Kin Cheung/AP/Shutterstock

12. Lee Shau Kee

  • Source of wealth: Real estate
  • Industries: Real estate
  • Net worth in March: $28.1 billion
  • Net worth in November: $26.7 billion
  • Change in net worth ($): -$1.4 billion
  • Change in net worth (%): -4.98%

See: Watch Out, These Billionaires Could Buy Your City

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11. Stephen Ross

  • Source of wealth: Real estate
  • Industries: Real estate
  • Net worth in March: $7.6 billion
  • Net worth in November: $7.2 billion
  • Change in net worth ($): -$400 million
  • Change in net worth (%): -5.26%
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10. Ray Dalio

  • Source of wealth: Hedge funds
  • Industries: Finance & investments 
  • Net worth in March: $18 billion
  • Net worth in November: $16.9 billion
  • Change in net worth ($): -$1.1 billion
  • Change in net worth (%): -6.11%
Shutterstock / Shutterstock

9. Philip Anschutz

  • Source of wealth: Investments
  • Industries: Finance & investments
  • Net worth in March: $11 billion
  • Net worth in November: $10.1 billion
  • Change in net worth ($): -$900 million
  • Change in net worth (%): -8.18%
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8. Lukas Walton

  • Source of wealth: Walmart
  • Industries: Fashion & retail
  • Net worth in March: $18.4 billion
  • Net worth in November: $16.7 billion
  • Change in net worth ($): -$1.7 billion
  • Change in net worth (%): -9.24%
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7. David Shaw

  • Source of wealth: Hedge funds
  • Industries: Finance & investments
  • Net worth in March: $7.3 billion
  • Net worth in November: $6.5 billion
  • Change in net worth ($): -$800 million
  • Change in net worth (%): -10.96%

Take a Look: The 1 IPO That’s Making 18 New Billionaires

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6. Christy Walton

  • Source of wealth: Walmart
  • Industries: Fashion & retail 
  • Net worth in March: $8.8 billion
  • Net worth in November: $7.7 billion
  • Change in net worth ($): -$1.1 billion
  • Change in net worth (%): -12.50%
©Steven Senne/AP/Shutterstock

5. Stanley Kroenke

  • Source of wealth: Sports, real estate
  • Industries: Sports
  • Net worth in March: $10 billion
  • Net worth in November: $8.3 billion
  • Change in net worth ($): -$1.7 billion
  • Change in net worth (%): -17.00%
Rob Latour/Shutterstock / Rob Latour/Shutterstock

4. Stewart and Lynda Resnick

  • Source of wealth: Agriculture, water
  • Industries: Food & beverage
  • Net worth in March: $9 billion
  • Net worth in November: $7.1 billion
  • Change in net worth ($): -$1.9 billion
  • Change in net worth (%): -21.11%
Micha Theiner/Cityam/Shutterstock / Micha Theiner/Cityam/Shutterstock

3. Stefano Pessina

  • Source of wealth: Drugstores
  • Industries: Fashion & retail
  • Net worth in March: $10.2 billion
  • Net worth in November: $8 billion
  • Change in net worth ($): – $2.2 billion
  • Change in net worth (%): -21.57%
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2. Zhang Fan

  • Source of wealth: Touchscreens
  • Industries: Technology
  • Net worth in March: $7.9 billion
  • Net worth in November: $5.8 billion
  • Change in net worth ($): -$2.1 billion
  • Change in net worth (%): -26.58%
Africa Studio / Shutterstock.com

1. Walter P.J. Droege

  • Source of wealth: Consulting
  • Industries: Service
  • Net worth in March: $13 billion
  • Net worth in November: $2.4 billion
  • Change in net worth ($): -$10.6 billion
  • Change in net worth (%): -81.54%
lev radin / Shutterstock.com

Those Who Won Big

Want to know more about the billionaires who won big in 2020? 

  • Amazon founder Jeff Bezos gained $72.6 billion worth of wealth between March and October this year as his company’s stock has surged during the pandemic. He has also made $127 million worth of donations to pandemic-related causes.
  • Elon Musk’s net worth has grown by a whopping 257.3%. 
  • Indian energy billionaire Mukesh Ambani has gained $48.4 billion in net worth, while donating $68.32 million to coronavirus causes. 

More From GOBankingRates

Photos are for representational purposes only.

Methodology: For this piece, GOBankingRates looked at Forbes’ “World’s Billionaire List” data from March 18, 2020, and found the net worth of the top 200 richest people. Then, using Forbes Real-Time Billionaire tracker, GOBankingRates found each billionaire’s net worth on Nov. 4, 2020. We then calculated the change in net worth in terms of total dollars and percent change in net worth. All data was collected on and up to date as of Nov. 4, 2020.