Billionaire Blowups of 2008

'Bjorgflur Gudmundsson<p>March net worth: $1.1 billion Current net worth: zero'<p>WOOW! I don't believe this.

With $1.0 billion you could invest $10K into 100,000 startups or $100K in 10,000 startups. Surely you could change the world, leave a legacy, and simultaneously generate a profit on that kind of investment, no?<p>Why doesn't somebody do this?

why is a guy who lost .6 billion, in a higher spot than a guy who lost 1.1 billion?