David Murdock, the owner of Dole Foods and developer of the , lost $1.4 billion in the last 12 months, according to the latest ranking by Forbes magazine.
Forbes ranked Murdock 183 on the list of the world’s billionaires, with his net worth at $3.3 billion.
(As Local Tech Wire noted, .
In September, the 85-year-old California resident ranked 84th on a list of the 400 richest Americans, with a net worth of $4.4 billion.
Bruton Smith, chief executive of Concord-based Speedway Motorsports Inc. fell off the list. Last year, he was estimated to have a net worth of $1.2 billion.
Murdock, a high school dropout who made good, lost money on his investments in food, real estate and trucking industries, all hit hard by the recession, according to Forbes.
