Despite record-breaking spending, Whitman's wealth unchanged
Being a billionaire has its benefits.
Despite Meg Whitman’s record-breaking $144-million personal spending on her unsuccessful 2010 gubernatorial campaign, the former EBay chief’s wealth remains unchanged, according to Forbes’ annual ranking of billionaires, which was released Thursday.
Whitman’s wealth is estimated at $1.3 billion, the same amount it was in 2010, 2008 and 2007. (Whitman saw her bank balance dip to $1.1 billion in 2009 because of a decline in the price of EBay stock).
Although Whitman’s personal fortune remains stable, her ranking among the world’s billionaires dropped. She placed 938th, down from 773rd last year, according to Forbes.
The neophyte candidate has held no public events since her loss in November. But she has reentered the world of business, joining the boards of Hewlett-Packard, Proctor & Gamble and others, and previously said she would support former Mass. Gov. Mitt Romney’s expected presidential bid.
-- Seema Mehta in Los Angeles