Murdock drops on Richest Americans list

Published 12:00 am Tuesday, December 1, 2009

By Jessie Bruchette
jburchette@salisburypost.com

Even billionaires are having tough times.

David Murdock, the owner of Dole Foods and developer of the N.C. Research Campus, 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.

In September, the 85-year-old California resident ranked 84th on a list of the 400 Richest Amercians with a net worth of $4.4 billion.

Murdock, a high school drop out, lost money in his investments in food, real estate and trucking industries, all hit hard by the recession according to Forbes.