Axel Heimken/picture alliance via Getty Images
Juul cofounders Adam Bowen and James Monsees had short-lived tenures as billionaires.
- A $4 created several new $4 in 2019 - but a $4 also knocked many entrepreneurs out of the three-comma club.
- Several one-time billionaires (including $4) saw their net worths drop because of company crises.
- A few noteworthy newly-minted millionaires this year hail from the entertainment industry, including $4 and $4.
- $4
Not everyone who becomes a billionaire stays one.
A $4 created several new billionaires in 2019 - but a $4 also knocked many entrepreneurs out of the three comma club.
Last year was not an easy year to be a billionaire, $4 previously reported. 2018 was the first time in seven years that high net worth individuals saw their fortunes shrink, according to French technology consulting firm $4. Billionaires across the globe lost 7% of their collective net worth in 2018 due to market instability at the end of the year, $4 also found in its 2019 Billionaire Census. Slowing economic growth across the globe and trade tensions also contributed to the wealth drop, according to $4.
Keep reading to learn more about the people who became billionaires - and those who lost their billionaire status - in 2019.