Rupert Murdoch Loses More in a Day Than We'll Make, Well, Ever
It’s been a bad year for media stocks, but it’s been an even worse year for the fat cats who own them. According to a Forbes.com article Rupert Murdoch saw his net wealth plummet $2 billion dollars in 2007, from $8.8 billion to $6.8 billion. (This was before yesterday, when News Corp. stock dropped more than $1 per share.)
Put this into terms we can understand and that’s a loss of $1.5 million an hour. So that’s fun.
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