It’s all relative–these guys are still worth billions more than just about anyone who reads this. But their worth significantly less now than they were before, so they lost a great deal of wealth. From KLAS:
Forbes Magazine is out with its annual ranking of the world’s billionaires, and the new list confirms the recession has hit Las Vegas casino titans hard.
The magazine estimates Sands Corporation Chairman and Chief Executive Sheldon Adelson’s net worth is $3.4 billion. That’s down from $26 billion last year.
The net worth for investor Kirk Kerkorian, who controls MGM Mirage, is also down some $4 billion.
And Steve Wynn, whose estimated net worth was nearly $4 billion last year, is down to $1.5 billion this year.
Vegas Casino Execs Fall in Forbes Billionaire Rankings
Too bad someone can’t find all those billions that have been lost.