4- Bjorgolfur Gudmundsson
Former Billionaires Who Lost Their Money TOP 10 4- Bjorgolfur Gudmundsson |via:listmondo|
Former chairman and owner of West Ham United F.C., Bjorgulfur was the second richest person in Iceland.
His net worth was estimated at more than a billion dollars. Forbes ranked him in March 2008 as the 1014th richest person in the world with a net worth of $1.1 billion.
At the time he was the owner and chairman of Icelandic bank Landsbanki, the second largest company in Iceland.
As a former football player made good money in the beverage business. Most of his income came from being the owner of West Ham United Football Club and the bank.
In December 2008, Forbes evaluated his net worth again, but this time it was equal with $0. After all the things he could do failed, in July 2009, Bjorgolfur was declared bankrupt by the Icelandic courts.
