Fame, fortune, and power in all its forms are glorified in American culture. Entire media networks are dedicated to covering celebrity news and gossip — and television programs that showcase the lifestyles of the rich and the famous regularly draw millions of viewers.
However, power can be fleeting. Circumstances can change rapidly; fortunes can be lost overnight; and the masters of the universe today can wind up unemployable tomorrow.
24/7 Wall St. compiled a list of 50 well-known individuals around the world who have recently experienced a precipitous loss in stature. These individuals hold, or once held, positions in nearly all aspects of public life — from television personalities to CEOs of major companies to financial wizards and to politicians. While sometimes those in the public eye are held to a higher standard than private citizens, others are truly deserving of their fall from grace.