6 Biggest Millionaire Flops

AAA

Portfolio losses got you down? That's understandable. The dramatic 2008 market drop-off caused the S&P 500 Index to tumble 37%, wiping out more than $4 trillion in workers' retirement plan savings alone.

If you lost money, you're not alone, but at least you can put some blame on the market. Major errors of judgment have cost some of the world's richest people more than just a pretty penny - and these are people who have a lot to lose. Console yourself with these famous financial flops. (Want to be a millionaire yourself? Read Getting A Millionaire's Mindset.)
Related Articles
  1. Financial Advisor

    Why Some Millionaires Have the Middle-Class Blues

    Recent studies show that a large percentage of U.S. millionaires classify themselves as middle class. Here's why.
  2. Investing

    John Griffin's Success Story: Net Worth, Education & Top Quotes

    Read about the personal and professional journey of John Anthony Griffin, hedge fund manager at Blue Ridge Capital and one of the famous "Tiger Cubs."
  3. Financial Advisor

    Millionaire Households Reach Record High in U.S.

    Millionaire households in the U.S. reached a record high in 2015, a recent study by Spectrem Group has found.
  4. Managing Wealth

    Top 5 Positions in John Griffin's Portfolio

    Learn more about "tiger cub" John Griffin and discover the top five holdings in his portfolio.
  5. Personal Finance

    6 Millionaire Traits That You Can Adopt

    Millionaires have more in common than just their bank accounts. They share certain qualities that help them make it to the top.
  6. Personal Finance

    Get Through Divorce With Your Finances Intact

    Find out how to split your finances without coming up short.
  7. Retirement

    6 Simple Steps To $1 Million

    Becoming a millionaire is not as hard as you might think - it just takes time.
  8. Investing

    Citadel's Ken Griffin on Recruiting Top Talent

    The secret to creating a great hedge fund? No, it's not just about performance. Citadel founder Ken Griffin shares his secret at the 2016 Salt Conference
  9. Managing Wealth

    How to Invest Like a Millionaire in 2016

    Discover how to start 2016 strong by learning how to imitate the investing strategies that distinguish millionaire investors from most average investors.
  10. Retirement

    Top 6 Marriage-Killing Money Issues

    Strengthen your marriage by discussing these financial pitfalls.
Trading Center