5- Robert Friedland
This international financier and major player in the junior mining industry is another former billionaire who lost his money.
He made his $1.8 billion in 2013 from junior mining industry.
Robert was specialized in securing funding for the exploration and development of mineral and energy resources and advanced technology ventures.
The founder and chairman of Ivanhoe Capital Corporation, a company which is active in global markets and has a focus emerging markets, had been one of the richest people at some point.
Because of bad decisions and not such good investments, he lost $850 million.
