Flashes In The Pan: One And Dones Of The Forbes 400
Each year the Forbes 400 list of America’s wealthiest citizens is peppered with newcomers. This year’s crop of fresh faces includes the usual mix: technology wunderkinds like Ubiquiti Networks UBNT -5.43% founder Robert Pera, dogged entrepreneurs such as Bass Pro Shops founder John Morris and recently discovered heirs like Catherine Lozick, who derives her $1.7 billion fortune from the Solon, Ohio-based manufacturing company Swagelok.
Each and every member of the Forbes 400, Buffett, Brin,Bloomberg and the rest, was at one time in their place, a recent initiate in the world’s most exclusive club. But when someone is new it is often impossible to tell if they are destined to become an American legend like the names above, or if they will spend just a few years at the top before flaming out or simply getting left behind.
While hundreds have come and gone over the decades, only a relative handful have managed to do so in twelve months. Click the slideshow to view a few of the most notable names to have graced the pages of the Forbes 400 for just one year, and to find out why the one-time newcomers did not last.