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Here's how these successful CEOs managed to lose it all
Here's how these successful CEOs managed to lose it all
Lauren EdmondsSep 2, 2024, 17:41 IST
Former FTX CEO Sam Bankman-Fried lost money after his company collapsed and his arrest. Michael M. Santiago via Getty Images
Once high-powered CEOs have fallen from grace and lost their fortunes.
Some failed due to market changes, while others faced investigations and federal charges.
The richer they are, the harder they fall.
Just ask John Foley, the former CEO of Peloton, who recently said he had lost his entire fortune.
"My family took it well. My wife's super supportive. My kids are probably better for it, if we're keeping it real," he told the New York Post in August.
He's not the only CEO to make — and lose — millions of dollars.
Here are five former CEOs who lost it all.
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Former Peloton CEO John Foley
Peloton CEO John Foley lost his fortune after stepping down as CEO. Kimberly White/Getty Images for TechCrunch
Theranos founder Elizabeth Holmes
Elizabeth Holmes was the founder and CEO of Theranos. CNBC/Getty Images
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MyPillow CEO Mike Lindell
MyPillow CEO Mike Lindell defended former President Donald Trump against criticism. Alex Brandon/AP
FTX founder Sam Bankman-Fried
Former FTX CEO Sam Bankman-Fried.Fatih Aktas/Anadolu Agency via Getty Images
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Former Tyco CEO Dennis Kozlowski
Dennis Kozlowski, the former CEO of Tyco International, was sentenced to prison.AP Photo/Mary Altaffer