Even the wealthy among us are taking a hit from the recession — and their dollar losses are evident by glancing at the latest "Forbes 400" list of the richest Americans.
Some of Tennessee's wealthiest residents lost tens of millions of dollars over the past year, according to Forbes magazine's annual rankings.
Martha Ingram of Ingram Industries and her family lost $800 million in net worth over the past year, falling 11 places to 158th on the Forbes list, the magazine reports.
Ingram, with an estimated net worth of $2 billion, shares that ranking with 24 others, including real estate mogul Donald Trump and Facebook CEO Mark Zuckerberg.
Also, Frederick Smith, chairman, president and CEO of Memphis-based FedEx, lost $350 million, Forbes estimates, falling 15 spots to 212th on the list.
But there's at least one gainer among Nashville's business elite.
Dr. Thomas F. Frist Jr., 71, and his family actually gained ground — matching the estimated holdings of Ingram, Trump and Zuckerberg.
Frist, an HCA co-founder, gained $100 million in wealth, to reach $2 billion, Forbes says. That moved him from 246th last year to 158th and a tie with the others.
The wealthiest person in the nation remains Microsoft's Bill Gates, valued at $50 billion after losing $7 billion in the past 12 months, the magazine said.
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