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

Mar 30, 2012, 3:32 PM EDT

Jim Balsillie AP

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.

  1. vshehane - Mar 30, 2012 at 6:47 PM

    POS deserves it.

  2. govtminion - Mar 30, 2012 at 7:19 PM

    I own a Blackberry. I hate it with the fire of a thousand suns. I look forward to upgrading to an iPhone and hurling this piece of crap into the Potomac. Balsillie, you deserve to be broke for foisting this garbage on customers.

    Oh, and screw you for the NHL messes you kept making too.

    • govtminion - Mar 30, 2012 at 7:21 PM

      Oh, and you look like Gilbert Gottfried in that picture.

  3. Buffalo Grumblings - Apr 1, 2012 at 9:00 AM

    Agree with all. Apple has eaten his lunch

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