Many people fantasize about striking it rich. Some of them enter contests, some people play the lottery. Some invent things or go into business for themselves, thinking maybe this will be their big break. It’s a fact, you need money in order to live. The only problem is, when a person becomes suddenly rich, there is the danger of losing all those riches very quickly.
Here’s a list of 10 billionaires who lost their money. Not completely penniless in most of the cases, but no longer billionaires.
Vince McMahon was rich at one time. He was an announcer and promoter for wrestling matches in the pro circuit. He was one of the owners of WWE at one time. He made a lot of money and was even considered a billionaire. McMahon lost a good chunk of his money, hundreds of millions, in just a couple of days. Shares in his wrestling venture dropped, and he ended up making much less than had been anticipated on a deal with a major network.