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by overfeed 106 days ago
Who was the last billionaire that went bankrupt, involuntarily?
1 comments

this is so trivial to find that the first web search hits are pop news listicles. Here's the first result.

https://finance.yahoo.com/news/10-billionaires-went-broke-15...

"Filed for bankruptcy" != "out of money" in the ordinary plebeian sense.

These are the kind of criminals where the judges will let them stay under home arrest in their twenty-bedroom mansion, have their chauffeur drive them around in a car worth more than my entire life savings, etc... because it would be "unconscionable" for them to lose the life that they're accustomed to. I.e.: Affluenza.

Just look at Prince Andrew or whatever he's called now. He raped children and his rightful punishment would be to sit in a jail cell with no access to anything even resembling his lavish digs, instead he's luxuriating in a lifestyle you and I would envy.

I can list far, far more examples of billionaires or mere hundred-millionaires living luxuriously after committing capital crimes or "going bankrupt" than not.

Find me an ex-billionaire living out of a motor home, then I'll cede your point.

> These are the kind of criminals where the judges will let them stay under home arrest in their twenty-bedroom mansion…

Another egregious example of this sort of thing:

> Robert H. Richards IV was convicted of rape, the wealthy heir to the Du Pont family fortune […] received an eight-year prison sentence in 2009 for raping his toddler daughter, but the sentencing order signed by a Delaware judge said “defendant will not fare well” in prison and the eight years were suspended.

https://www.cnn.com/2014/04/02/justice/delaware-du-pont-rape...

Talk about a two-tier justice system.

On the list: people who were convicted of crimes[1], and were barely billionaires (not worth tens or hundreds of billions).

1. Against rich/powerful people

The definition of a billionaire is someone with a net worth exceeding one billion dollars.
I am aware; "barely" is exclusively used to describe items that surpass the threshold.

I don't even know thr point you're arguing as the intro to the listicle concurs with my main argument:

>> It is very rare for a person to achieve the status of billionaire and then lose it.