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Jim Balsillie isn’t nearly as rich as he used to be

Jim Balsillie

FILE- In this Feb. 5, 2009 photo, Jim Balsillie, co-CEO of BlackBerry maker Research In Motion, checks his Blackberry at an Ontario Securities Commission hearing in Toronto. Balsillie is looking to buy the financially ailing Phoenix Coyotes NHL hockey team and bring them to Southern Ontario. “The current team ownership asked that I table an offer to purchase the Coyotes and significant discussions resulted in an offer that is in the best interests of the franchise, the NHL, and the great hockey fans of Canada and Southern Ontario,” Balsillie said in a statement Tuesday, May 5, 2009. (AP Photo/The Canadian Press,Nathan Denette)


The man who unsuccessfully fought the NHL to move the Phoenix Coyotes to Hamilton in 2009 is only worth hundreds of millions now.

Jim Balsillie, the former co-CEO of Research in Motion, resigned from the company’s board yesterday on the same day the Blackberry maker announced lower-than-expected quarterly earnings.

And he resigned with just $385 million in stock to his name.

According to Forbes, Balsillie’s net worth was $3.8 billion in 2008, so you can’t help but feel for the guy. Hopefully he sold off some stock before the iPhone took over the world, otherwise he’ll have to enjoy life in the rat race with the rest of us.