Outgoing Chesapeake Energy Corp. CEO Aubrey McClendon is no longer a billionaire, according to the latest Forbes list of the wealthiest people on the planet.
The magazine noted that McClendon, who has been a regular on Forbes' list of billionaires, had leveraged against his personally held oil and gas interests. “Put another way, the guy has mounds of debt,” Forbes reported.
Chesapeake announced last month that McClendon will leave the company he founded on April 1 with a severance package worth about $47 million.
Five Oklahoma families remain on the list this year, led by Continental Resources Inc. CEO Harold Hamm, who ranked No. 90 overall with a net worth of $11.3 billion.
Hamm was followed by Tulsa oilman and Bank of Oklahoma Chairman George Kaiser at $10 billion and ranked No. 109 overall.
Hobby Lobby founder David Green is listed at No. 276 with an estimated net worth of $4.5 billion.
Oklahoma retailers Tom and Judy Love tied with Lynn Schusterman — widow of Samson Resources' Charles Schusterman — to round out the state's presence on the list at No. 384 with a net worth of $3.5 billion.
Mexico's Carlos Slim remains the world's richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000.
A record 1,426 people around the world made Forbes magazine's latest annual tally of billionaires, up 16 percent from last year. Their average net worth was $3.8 billion, rising 3 percent from 2012. The total net worth for the list's billionaires was $5.4 trillion compared with $4.6 trillion a year ago.
The U.S. continued to house the most billionaires in the world, with 442 of them.
Slim's net worth increased to $73 billion from $69 billion a year earlier. Bill Gates of Microsoft Corp. held on to second place with a net worth of $67 billion.
Berkshire Hathaway Inc.'s Buffett slipped to the fourth spot with a $53.5 billion net worth. Buffett was surpassed by Spanish clothier Amancio Ortega, who jumped two spots from 2012 with a net worth of $57 billion.
There were 138 women on the list, up from 2012's 104. Liliane Bettencourt — whose family owns a stake in L'Oreal — is the world's richest woman with a net worth of $30 billion.
Brazil's Eike Batista had the biggest drop in his net worth, with it declining $19.4 billion from the previous year. Facebook's Mark Zuckerberg saw his net worth fall to $13.3 billion from $17.5 billion. His ranking fell to No. 66 from No. 35 in 2012.
Besides McClendon, 59 other people dropped off the list, including Zynga's Mark Pincus.