FORBES: Meet Popular CEOs Who Are No Longer Billionaires - DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

FORBES: Meet Popular CEOs Who Are No Longer Billionaires

Adam PR by Adam PR
April 7, 2022
in NEWS
0
FULL LIST: Forbes' 2022 Top 10 Richest Billionaires In The World - DAILY GIST
20.6k
SHARES
20.6k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

Forbes released its latest ranking of the richest individuals in the world and a lot of them are people who gained their wealth through tech or in tech-related fields.

This is no surprise as the tech industry has grown tremendously in the last few years both in Nigeria and in the rest of the world.

According to the list, 7 out of the 10 richest people in the world amassed their wealth through their work in tech or tech-related fields from electric vehicles to software development, amongst others.

However, the growth did not apply to everyone working in the tech field as some of them lost a lot of their wealth in the last year.

Here are a few tech entrepreneurs who fell off the billionaires list in the last year:

 

ALSOREAD

FULL LIST: 3 Nigerians Among Forbes List Of Wealthiest Black Americans

FULL LIST: Forbes Releases Top 10 World’s Richest Men In 2024

FULL LIST: Forbes Releases Top 10 World’s Richest Women In 2024

FULL LIST: Forbes Releases Top 10 world’s Richest Celebrities In 2024

FULL LIST: Forbes Names Only 3 Nigerians In Its 2023 Billionaire List

1. RJ Scaring

Scaringe is the founder and CEO of the electric vehicle manufacturer, Rivian. Last year he had a net worth of $3.4 billion but now his net worth currently sits at just under $700 million.

As of last year, Rivian was performing at a stellar rate with a valuation of $90 billion, having raised a record $23.1 billion dollars. It raised $11.2 billion as a privately held company and later amassed $11.9 billion in its initial public offering (IPO) in November.

Sadly, Scaringe has been experiencing difficulty ramping up production which has led to shares in the company falling by a whopping 64%.

2. Whitney Wolfe Herd

Herd is the founder and CEO of Bumble, a popular online dating platform. She became the youngest self-made billionaire last year when she took the platform public with an IPO of $43 per share. As of last year, she had a net worth of $1.3 billion but she is currently worth less than $700 million.
Sadly, after the IPO, Bumble shares have not performed well, falling by more than 72%.

3. John Foley

Foley is a business executive and co-founder of Peloton, American exercise equipment, and media company. Foley’s wealth was capped at $1.5 billion last year but now he is worth less than $400 million.

He suffered from a bout of bad PR when two beloved fictional characters (Mr. Big from Sex and the City and Mike “Wags” Wagner from Billions) suffered fictional heart attacks while exercising on Peloton fitness bikes.

Another reason for the reduced patronage that Peloton currently suffers is most of its customers have returned to gyms as COVID restrictions worldwide have been eased which has led the company to scale back production and lay off some of its workers.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: BillionairesForbes
Previous Post

Young Lady Brutally Murdered By Ritualists In Lagos, Vital Parts Removed(Photos)

Next Post

‘We Don’t Want Money’ — Terrorists Who Attacked Abuja-Kaduna Train Make Demand From Buhari Govt (Video)

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Nigerian Man Kills His Girlfriend For Money Rituals In Lagos
NEWS

Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

October 8, 2025
Bola Tinubu, Petrol Subsidy, Forex
NEWS

BREAKING: President Tinubu’s Minister Resigns

October 7, 2025
Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs
NEWS

Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs

October 1, 2025
FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law
NEWS

FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law

September 30, 2025
Lagos Govt Asked To Immediately Arrest Mandy Kiss Over Planned Marathon S£x With 100 Men
NEWS

Lagos Govt Asked To Immediately Arrest Mandy Kiss Over Planned Marathon S£x With 100 Men

September 27, 2025
Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs
NEWS

Adult Content Star, Mandy Kiss Announces Plan To Sleep With 100 Men In 24hrs, Invites Interested Persons To Venue

October 9, 2025
Next Post
'We Don't Want Money' — Terrorists Who Attacked Abuja-Kaduna Train Make Demand From Buhari Govt (Video)

'We Don't Want Money' — Terrorists Who Attacked Abuja-Kaduna Train Make Demand From Buhari Govt (Video)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Man Flees For His Life After Been Caught Sleeping With Another's Man Wife

    VIDEO: Man On The Run After Been Caught Sleeping With Another’s Man Wife

    25325 shares
    Share 10130 Tweet 6331
  • Nigerian Police Arrests Man With Fresh Female Breast

    23844 shares
    Share 9538 Tweet 5961
  • VIDEO: Female Prison Officer Caught Having S£x With Inmate Inside Cell

    26476 shares
    Share 10590 Tweet 6619
  • Nigerian Banker Allegedly Films 400 Videos Of Naked Colleagues In Office Bathroom

    23548 shares
    Share 9419 Tweet 5887
  • VIDEO: Elderly Teacher Caught On Camera Sleeping With A Student Inside School Premises

    22694 shares
    Share 9078 Tweet 5674
  • Corps Members Reportedly Caught Having Sex In Orientation Camp

    22660 shares
    Share 9064 Tweet 5665
  • VIDEO: Lady Disgraced In Lekki After Being Caught Hiding Dollar Bills In Her Private Part

    22958 shares
    Share 9183 Tweet 5740
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21484 shares
    Share 8594 Tweet 5371
  • Nigerian Lady Paraded Nak£d For Sleeping With Another Woman’s Husband

    24293 shares
    Share 9717 Tweet 6073
  • I Invited My Friend To Record – Sudent In Viral Sex Tape With Her Teacher Speaks

    21377 shares
    Share 8551 Tweet 5344

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved