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In March RIM co-CEOs were ranked by Forbes as two of the “World’s Billionaire’s”, in total there were 1,210 billionaire’s. Mike Lazaridis came in at #651 with $1.9 billion and Jim Balsillie took spot number 692 with $1.8 billion. However, the RIM stock has dropped from $60 in March to below $30 today and according to Forbes this, along with huge charitable donations, knocked them out of the billionaire club.

Forbes notes on their blog that “The net worths of the Ontario firm’s high profile cofounders Mike Lazaridis and Jim Balsillie, both of whom get almost entirely all of their wealth from RIM stock, have sunk… These days they appear to be worth in the neighborhood of $800 million or so… Even with all the company’s recent woes, they would still likely be billionaires today if not for their notable generosity.”

Even though it must be hard to loose millions of dollars in a matter of days and months, I’m pretty sure both Lazaridis and Balsillie are thrilled with their charitable donations to help fund Canadian innovation.

Source: Forbes
Via: Globe

Related posts:

1. Lazaridis & Balsillie among Canada’s billionaires in Forbes billionaire list
2. What does your cellphone say about you? Even though this is a US based article the same truths are valid for us Canadians. Read the Forbes article here
3. Jim Balsillie and Mike Lazaridis inducted into the Canadian Business Hall of Fame

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Update 2: A reader over at Engadget Spanish noticed that the ES specifications link for the new G9 tablets mentions a 16GB + microSD arrangement for those who aren’t feeling a 250GB HDD. Interesting!

Continue reading Archos intros 80 G9 and 101 G9 Android 3.1 tablets: 1.5GHz CPU, 250GB HDD, 3G-ready (hands-on)

Archos intros 80 G9 and 101 G9 Android 3.1 tablets: 1.5GHz CPU, 250GB HDD, 3G-ready (hands-on) originally appeared on Engadget on Thu, 23 Jun 2011 12:46:00 EDT. Please see our terms for use of feeds.

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Continue reading HP announces Pivot for TouchPad, the curated, magazine-like way to find some apps

HP announces Pivot for TouchPad, the curated, magazine-like way to find some apps originally appeared on Engadget on Thu, 23 Jun 2011 10:41:00 EDT. Please see our terms for use of feeds.

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