Dani Reiss is another ex-billionaire whose retail empire was shaken before the pandemic. Shares of outerwear company Canada Goose, where Reiss is CEO, started falling in late February 2019 and are down 72% in the past year. The company missed analysts’ expectations throughout 2019 and took a hit from the months-long turmoil in Hong Kong, a major market for the apparel brand known for its $900-plus parkas.
Over in India, Anil Ambani, who was the world’s sixth-richest person in 2008, worth $42 billion, has fallen from the ranks. He and his brother Mukesh inherited their late father’s fortune in 2002. Three years later, the brothers split up the assets. Former WeWork chief executive Adam Neumann had a rather public downfall. The flashy office rental firm’s plans to go public last fall went awry when its August filings with the SEC raised concerns about its finances. Investors were also concerned about Neumann’s partying and other behavior.
Trump?
Yes now they're only worth 900 million how tragic
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »