Fortune's 20 Biggest Money Losers for 2007

Fortune's 20 Biggest Money Losers for 2007

The mortgage meltdown and slumping auto sales hurt many Fortune 500 firms last year. In fact, 16 posted losses of at least $1 billion. The “Money Losers” list is one of Fortune's published ranked lists updated on April 24, 2008. According to the list the biggest loser company is General Motors with $38.73 billion loss.

RankCompanyFortune 500 rank2007 Loss 
1 General Motors General Motors4$38,730,000,000 
2 Sprint Nextel Sprint Nextel58$29,580,000,000 
3 Merrill Lynch Merrill Lynch30$7,770,000,000 
4 Advanced Micro Devices Advanced Micro Devices406$3,380,000,000 
5 Freddie Mac Freddie Mac54$3,090,000,000 
6 Delphi Delphi92$3,070,000,000 
7 Ford Motor Company Ford Motor Company7$2,720,000,000 
8 GMAC GMAC78$2,330,000,000 
9 Pulte Homes Pulte Homes282$2,260,000,000 
10 Fannie Mae Fannie Mae53$2,050,000,000 
11 Lennar Lennar256$1,940,000,000 
12 Newmont Mining Newmont Mining430$1,890,000,000 
13 Charter Communications Charter Communications409$1,620,000,000 
14 Schering-Plough Schering-Plough212$1,470,000,000 
15 Sovereign Bancorp Sovereign Bancorp469$1,350,000,000 
16 Sanmina-SCI Sanmina-SCI255$1,130,000,000 
17 KB Home KB Home340$929,400,000 
18 Virgin Media Virgin Media313$927,600,000 
19 Avis Budget Group Avis Budget Group411$916,000,000 
20 SLM SLM286$896,400,000 
Information Provided by Fortune Magazine
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Fortune's 20 Biggest Money Losers for 2007
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