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Adelson no longer No. 3. Bloomberg:
As I remember, Adelson's worth was estimated at $15 billion, so a loss of $4 billion may not hurt him as much as it would you or me. I wrote about the right's frustration with Adelson's tendency to take a hands-on role in projects he funded back in the spring, including the conservative advocacy group, Freedom's Watch.Las Vegas Sands Corp. Chief Executive Officer Sheldon Adelson's net worth declined by $4 billion between Aug. 29 and Oct. 1, the steepest drop among Americans who lost $1 billion or more during the credit crisis, according to Forbes magazine.
The magazine, in its Oct. 27 issue, recalculates the effect of September's financial news on the wealthiest Americans, those who make up its Forbes 400 list. That list was published on Sept. 17.
Berkshire Hathaway Inc. Chairman Warren Buffett overtook Microsoft Corp. co-founder Bill Gates as the richest American by posting an $8 billion gain to $58 billion during the period, the magazine said. Gates's net worth declined $1.5 billion to $55.5 billion during the 33-day period. He had been first for 15 straight years.