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Stock impact report

Billionaire Drop-Offs: Hundreds Fall Off The 2020 List Amid Pandemic-Induced Market Plunge [Forbes]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: Forbes
Forbes estimates former WeWork chief executive Adam Neumann's fortune at $750 million.Jamel ToppinThe coronavirus crash erased nearly all of the stock-market gains enjoyed by billionaires over the past year. It also knocked many from the billionaire ranks entirely. Altogether, 267 from last year’s list of 2,153 people fell below the $1 billion threshold this year. Forbes calculated net worths based on stock prices and exchange rates from March 18—but we had initially put together a list based on March 6 prices. Between March 6 and March 18, 226 people fell off the list as the markets sank further.For some of these dropoffs, however, troubles emerged even before COVID-19. Take, for example, Do Won and Jin Sook Chang. Their fast-fashion apparel chain Forever 21 had already fallen out of favor. Sales dropped significantly at its mall based stores, pushing the company into bankruptcy in September 2019. The couple agreed in February to sell the closely held company for $81 million to a gro Show less Read more
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