You Think You've Lost Money?

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The stock markets' slide may have hurt your investments. But some of the world's richest men have lost even more. What's that saying about the larger they are, the harder the fall?

According to the AP, from the start of the year through the close of trading Oct. 29, here's how some billionaires have fared..

- Warren Buffett has seen the value of equity in his company, Berkshire Hathaway, fall by about $13.6 billion, or 22 percent, so far this year, to leave his holdings valued at $48.1 billion.

- Oracle founder and CEO Larry Ellison has seen his equity stake fall by $6.2 billion, or about 24 percent, to $20.1 billion.

- Microsoft's Steve Ballmer's company equity fell by $5.1 billion to $9.4 billion.

- Amazon.com's Jeff Bezos's equity fell by $3.6 billion to $5.7 billion.

- News Corp.'s Rupert Murdoch lost $4 billion with a current net worth of $3 billion.

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This page contains a single entry by Muhammed El-Hasan published on November 3, 2008 8:33 AM.

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South Bay's Circuit City Stores to Stay Open is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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