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15 people who became billionaires in 2019 — and 14 who lost their status in the three-comma club

Business Insider Logo By Taylor Nicole Rogers of Business Insider | Slide 1 of 21: 
  A 
    proliferation of IPOs created several new billionaires
    in 2019 - but a 
    turbulent stock market also knocked many entrepreneurs out
    of the three-comma club.
  
  Several one-time billionaires (including 
    Juul cofounders Adam Bowen and James Monsees) saw their net
    worths drop because of company crises.
  
  A few noteworthy newly-minted millionaires this year hail
  from the entertainment industry, including Kylie
  Jenner and Jay-Z.
  
  
    
      Visit
    Business Insider's homepage for more stories.
    
  

  Not everyone who becomes a billionaire stays one.

  A 
  proliferation of IPOs created several new billionaires in
  2019 - but a 
  turbulent stock market also knocked many entrepreneurs out of
  the three comma club.

  Last year was not an easy year to be a billionaire, 
  Business Insider previously reported. 2018 was the first time
  in seven years that high net worth individuals saw their fortunes
  shrink, according to French technology consulting firm Capgemini.
  Billionaires across the globe lost 7% of their collective net
  worth in 2018 due to market instability at the end of the year,
  
  Wealth-X also found in its 2019 Billionaire Census. Slowing
  economic growth across the globe and trade tensions also
  contributed to the wealth drop, according to 
  Wealth-X.

  Keep reading to learn more about the people who became
  billionaires - and those who lost their billionaire status - in
  2019.

Not everyone who becomes a billionaire stays one.

A proliferation of IPOs created several new billionaires in 2019 -- but a turbulent stock market also knocked many entrepreneurs out of the three comma club.

Last year was not an easy year to be a billionaire, Business Insider previously reported. 2018 was the first time in seven years that high net worth individuals saw their fortunes shrink, according to French technology consulting firm Capgemini. Billionaires across the globe lost 7% of their collective net worth in 2018 due to market instability at the end of the year, Wealth-X also found in its 2019 Billionaire Census. Slowing economic growth across the globe and trade tensions also contributed to the wealth drop, according to Wealth-X.

Click ahead to learn more about the people who became billionaires -- and those who lost their billionaire status -- in 2019.

© Axel Heimken/picture alliance via Getty Images

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