From the Juul founders to Nordstrom heirs, here are the 15 most notable people kicked off the Forbes billionaires list this year

Axel Heimken/picture alliance via Getty Images

• Forbes knocked over 260 people off its iconic Billionaires List in 2020.
• Members of several retail dynasties — including the families behind Forever 21, Gap, Urban Outfitters, and Nordstrom — are no longer billionaires, according to Forbes.
• While some of the drop-offs lost their fortunes before the coronavirus pandemic, others lost millions in the ensuing market turbulence, Forbes reported.
• Many of the 2020 drop-offs inherited their fortunes.
• Visit Business Insider's homepage for more stories.

The coronavirus pandemic has been hard on many Americans' wallets — including billionaires.

Forbes removed 267 people from its Billionaires List when the 2020 edition was published, the magazine reported earlier this month. Only 2,153 were on the list in 2019, according to Forbes.

While many of the drop-offs could be traced to pandemic-related market turbulence, some former billionaires lost their fortunes long before the novel coronavirus was identified in Wuhan, China, in December. Retailers Gap, Forever 21, Urban Outfitters, and Nordstrom have long been struggling with sinking sales that helped knock their founding families off Forbes' Billionaires List, while company missteps contributed to the falls of WeWork's Adam Neumann and Juul's Adam Bowen and James Monsees.

Keep reading to see who lost their billionaire status this year, listed in no particular order.