This morning, Forbes Magazine published its 39th edition of the Forbes 400, the heaviest hitters (by net worth) in the country. The rich have never been so rich, with a collective net worth valued in late July of $3.2 trillion, up $240 billion in a year.
But the Las Vegas contingent isn’t doing so well. Once numbering as high as nine entries, the Las Vegas roster is down to four. One fell off this year, while most of the others saw their fortunes decline.
The latest to drop: Elaine Wynn, 78. Last year, she was ranked tied for No. 388 with a net worth of $2.1 billion. Then came coronavirus, which knocked 68% off the value of shares of Wynn Resorts, which she co-founded with (twice) ex-husband Steve Wynn and remains the largest shareholder of. Forbes values her down $400 million at $1.7 billion. That’s not chump change, but it’s $400 million below the $2.1 billion cutoff for this year’s list. Continue reading



