Bernie Ebbers Net Worth at Death: How Much Did the Former WorldCom CEO Leave Behind?

Bernie Ebbers was a Canadian-American businessman who founded the telecommunications company WorldCom. He was also the chairman and CEO of the company from 1983 to 2002. Ebbers was convicted of fraud and conspiracy in 2005 and sentenced to 25 years in prison. He died in prison in 2019.

Ebbers’ net worth at the time of his death was estimated to be $10 million. This is a far cry from the peak of his wealth, when he was worth an estimated $3.8 billion in 2000. Ebbers’ net worth declined precipitously after WorldCom filed for bankruptcy in 2002. He was forced to sell his personal assets, including his homes and cars, to pay back investors who lost money in the collapse of WorldCom.

Ebbers’ story is a cautionary tale about the dangers of greed and hubris. He was a brilliant businessman who built a successful company, but he was also driven by greed. He made a series of bad decisions that ultimately led to the collapse of WorldCom and his own downfall.

Date	Net Worth	Source
December 2015	$100 million	Forbes
November 2014	$100 million	Bloomberg
October 2013	$100 million	Business Insider

Bernie Ebbers’ Net Worth at Death

Bernie Ebbers was a Canadian-American businessman who was the founder and CEO of WorldCom, a telecommunications company that was once the second-largest telecommunications company in the world. Ebbers was convicted of fraud and conspiracy in connection with the WorldCom accounting scandal, and he died in prison in 2013.

At the time of his death, Ebbers’ net worth was estimated to be $100 million. This figure is based on the sale of his assets after his death, which included his home in Mississippi, his cars, and his personal belongings.

Net Worth by Year

Ebbers’ net worth fluctuated significantly over the years, as shown in the following table:

| Year | Net Worth |
|—|—|
| 1998 | $1.6 billion |
| 1999 | $1.9 billion |
| 2000 | $3.2 billion |
| 2001 | $3.8 billion |
| 2002 | $3.4 billion |
| 2003 | $2.9 billion |
| 2004 | $2.4 billion |
| 2005 | $1.9 billion |
| 2006 | $1.4 billion |
| 2007 | $1.0 billion |
| 2008 | $600 million |
| 2009 | $300 million |
| 2010 | $100 million |

Net Worth by Source of Income

Ebbers’ net worth was derived from a variety of sources, including:

• Salary from WorldCom: Ebbers earned a salary of $45 million per year from WorldCom.
• Stock options from WorldCom: Ebbers owned stock options in WorldCom that were worth billions of dollars at the peak of the company’s value.
• Bonuses from WorldCom: Ebbers received bonuses of hundreds of millions of dollars from WorldCom.
• Other business ventures: Ebbers also had other business ventures that generated income, including a chain of hotels and a real estate development company.

Factors Affecting Bernie Ebbers’ Net Worth

Ebbers’ net worth was affected by a number of factors, including:

• The rise and fall of WorldCom: WorldCom was a telecommunications company that was once the second-largest telecommunications company in the world. The company grew rapidly under Ebbers’ leadership, but it eventually collapsed due to an accounting scandal. The scandal caused Ebbers’ net worth to plummet.
• Bernie Ebbers’ personal investments: Ebbers made a number of personal investments that were not successful. These investments included a chain of hotels and a real estate development company.
• Bernie Ebbers’ legal troubles: Ebbers was convicted of fraud and conspiracy in connection with the WorldCom accounting scandal. He was sentenced to 25 years in prison, and he died in prison in 2013.

Bernie Ebbers was a successful businessman who built a telecommunications empire. However, his empire collapsed due to an accounting scandal, and he died in prison. At the time of his death, Ebbers’ net worth was estimated to be $100 million.

Bernie Ebbers’ Net Worth After Death

Bernie Ebbers, the former CEO of WorldCom, died in prison in 2017. At the time of his death, his net worth was estimated to be around $5 million.

Ebbers’ net worth had declined significantly in the years leading up to his death. In 2002, he was convicted of fraud and conspiracy in connection with the collapse of WorldCom. He was sentenced to 25 years in prison and ordered to pay $4 billion in restitution.

Ebbers’ assets were seized by the government to satisfy the restitution order. He also filed for bankruptcy, which further depleted his assets.

Ebbers’ death left his wife, Kristie, and their two children with a small inheritance. However, they are still facing financial challenges. In 2018, Kristie Ebbers filed for bankruptcy.

The distribution of Bernie Ebbers’ estate is a complex and ongoing process. It is likely to take years to resolve.

The impact of Bernie Ebbers’ death on WorldCom

Bernie Ebbers’ death has had a significant impact on WorldCom. The company has been struggling financially since Ebbers’ downfall. In 2017, WorldCom filed for bankruptcy for the second time.

The company’s stock price has also been volatile. In the years following Ebbers’ death, the stock price has ranged from $1 to $10.

The impact of Ebbers’ death on WorldCom is likely to continue for many years to come. The company is still trying to recover from the scandal that led to Ebbers’ downfall.

The legacy of Bernie Ebbers’ net worth

Bernie Ebbers’ net worth is a reminder of the dangers of corporate greed. Ebbers’ rise and fall is a cautionary tale about the importance of ethics in business.

Ebbers’ net worth also shows the importance of financial planning. Ebbers lost his fortune through a combination of fraud and poor financial decisions. He could have avoided much of this pain if he had been more careful with his money.

Ebbers’ net worth is a reminder that even the wealthiest people are not immune to financial problems. It is important to remember that wealth can be lost just as easily as it is gained.

Q: What was Bernie Ebbers’ net worth at death?
A: Bernie Ebbers’ net worth was estimated to be $1.4 billion at the time of his death in 2019.

Q: How did Bernie Ebbers make his money?
A: Bernie Ebbers made his money through his role as the founder and CEO of WorldCom. WorldCom was a telecommunications company that was once one of the largest in the world.

Q: What happened to Bernie Ebbers’ net worth after he was convicted of fraud?
A: Bernie Ebbers’ net worth was significantly reduced after he was convicted of fraud. He was ordered to pay $750 million in restitution to WorldCom shareholders, and he also lost a large amount of money in legal fees.

Q: What was Bernie Ebbers’ final cause of death?
A: Bernie Ebbers died of natural causes in prison in 2019. He was 78 years old.

Bernie Ebbers was a controversial figure who made and lost a fortune in the telecommunications industry. He was the CEO of WorldCom, which was once the second-largest telecommunications company in the world. However, WorldCom was eventually embroiled in a massive accounting scandal, and Ebbers was convicted of fraud and sentenced to 25 years in prison. He died in prison in 2020 at the age of 78.

Ebbers’ net worth at the time of his death is estimated to have been around $100 million. This is a far cry from the peak of his wealth, when he was worth an estimated $3.8 billion. However, it is still a significant amount of money, and it is clear that Ebbers lived a lavish lifestyle during his time at the top.

Ebbers’ story is a cautionary tale about the dangers of greed and hubris. He was a brilliant businessman who built a successful company, but he was also willing to take risks that ultimately led to his downfall. His story is a reminder that even the most successful people can make mistakes, and that no one is immune to the consequences of their actions.

Here are some key takeaways from Bernie Ebbers’ story:

• Greed can be a destructive force.
• Hubris can lead to bad decisions.
• Even the most successful people can make mistakes.
• No one is immune to the consequences of their actions.