Tuesday, November 17, 2009

#49 Charles Ergen $4,900 million

#49 Charles Ergen
$4,900 million

Former pro poker player dealt losing hand: net worth down $3.1 billion within past year. Lost out on bid to John Malone's Liberty Media for control of Sirius Satellite radio in February. Sold TV satellites from truck with wife in 1980s; built EchoStar Communications into satellite mammoth. Dish Network boasts 13.6 million subscribers today. Spun off cable box manufacturer EchoStar last year; shares down 45% since. Still heads both companies. Ordered to pay $103 million in June to TiVo for video-recorder patent infringement; plans to appeal.

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