Less than a billion
Posted Jun 24, 2011 07:12:37 AM.
This article is more than 5 years old.
The latest analysis of the world’s billionaires by Forbes Magazine contains some notable omissions.
The magazine says the downdraft on Research in Motion share values has helped knocked RIM’s co-CEO’s Jim Balsillie and Mike Lazaridis from the billionaires club.
Forbes says they are each now worth around $800-million.
Back in March, Forbes put Lazaridis’ worth at $1.9-billion and Balsillie’s at $1.8-billion.
The magazine does point out however, a contributing factor is both men are very generous when it comes to bankrolling their charitable causes.
It says had they not been so generous they could still be billionaires.
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