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SUNDAY, NOVEMBER 22, 2009
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Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

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(Newser) – 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

Sheldon Adelson, Chairman and CEO of The Las Vegas Sands Corporation, lost $4 billion between August 29 and Oct. 1.
Sheldon Adelson, Chairman and CEO of The Las Vegas Sands Corporation, lost $4 billion between August 29 and Oct. 1.   (AP Photo/Kin Cheung)
In this Aug. 21, 2008 file photo, billionaire investor Warren Buffett speaks during a news conference in Omaha, Neb.
In this Aug. 21, 2008 file photo, billionaire investor Warren Buffett speaks during a news conference in Omaha, Neb.   (AP Photo/Nati Harnik)
Bill Gates, Microsoft founder and longtime CEO, was unseated as the world's richest man by billionaire investor Warren Buffet this year.
Bill Gates, Microsoft founder and longtime CEO, was unseated as the world's richest man by billionaire investor Warren Buffet this year.   (AP Photo/Kathy Willens)
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