Jeff Bezos, Rupert Murdoch, and other billionaires lost money in 2019: These are the 10 biggest losers
Thomas Peterffy is the founder and chairman of Interactive Brokers, one of the nation's biggest electronic trading platforms.
Interactive Brokers' stock dropped 12% in 2019 amid fears of tougher competition, as rival Charles Schwab scrapped commissions andPeterffy's fortune slid to $15.3 billion, but he still ranked as one of the 100 wealthiest people on Bloomberg's list.Wang Wei is the chairman and founder of SF Express, China's biggest parcel-delivery company.
His fortune dropped to $8.5 billion in 2019 as a slowing Chinese economy and the US-China trade war weighed on demand. SF's stock price has also dropped by 38% since late 2017.Harold Hamm is the founder, executive chairman, and former CEO of Continental Resources, one of America's biggest oil and gas companies and a fracking pioneer.
Continental's stock price has dropped 15% this year as weaker oil and gas sales meant both revenue and profits dropped in the nine months to September. The decreased value of Hamm's shares drove his net worth down to $10.1 billion.George Kaiser is the chairman and majority shareholder of BOK Financial, the largest bank of Oklahoma. He is also the founder of Argonaut Private Equity, and the owner and president of Kaiser-Francis Oil.Loss: $1.
Seo Jung-jin is the founder and chairman of Celltrion, a South Korean biopharmaceuticals group that develops drugs to treat cancer, influenza, rheumatoid arthritis, and other maladies.One reason for the stock drop was JPMorgan-owned One Equity Partners' sale of a 4.5% stake in Celltrion for $327 million in May. The move followed a billion-dollar stock sale by another key investor - Singapore's sovereign wealth fund, Temasek - in October 2018.
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