#3 Andrew Mason

Groupon

Groupon, the deal-of-the-day website had already raised over $950 billion from VCs, even before they went public. But, it raised a suspicion, when the Founder Andrew Mason used $810 million of this VC fund to pay out early investors and employees including Eric Lefkofsky, an early backer. CEO Andrew Mason paid himself $30 million and Lefkofsky took out $320 million.

But everybody waited for the IPO and unfortunately, it turned out to be a disaster. Groupon debuted at $26 a share which made Mason’s net worth to $1.4 billion and Lefkofsky’s net worth to all time high of $3.4 billion. The Forbes even stated Groupon as “the fastest growing business ever.”

But things didn’t go quite good after that. The faults in the business model made company loss 85 percent of its value within nine months. Mason has lost more than $1.17 billion and Lefkofsky around $2.9 billion. The stocks are still sliding and the tech world is looking out to see what will happen to the once “fastest grown business.”