Largest bankruptcies

Largest bankruptcies$1.782 trillion

The infographic above is an oldie but goodie.  It came out a few weeks after General Motors’ 2009 bankruptcy filing and maps out what are still to this date the 20 largest corporate bankruptcies in U.S. history.  The spectacular Lehman Brothers collapse in 2008 which took down one of the world’s largest and most respected financial institutions and $691 billion in pre-bankruptcy assets – still leads the list.  The combined (pre-bankruptcy) value of these 20 companies was more than $1.782 trillion or, for comparison purposes, equivalent to:

  • 1x the gross domestic product of India in 2010
  • 10x the gross domestic product of Pakistan in 2010
  • 100x the gross domestic product of Uganda in 2010
  • 1x the gross domestic product of the bottom 137 wealthiest nations on Earth (out of 190 or 72%)
  • 509x the 2010 budget of the American Red Cross
  • 364x the 2010 budget of the United Nations
  • 2.7x the 2010 budget of the United States military
  • 0.8x the 2010 budget for “mandatory” U.S. spending (i.e., Social Security, Unemployment/Welfare, Medicare, Medicaid, interest on the national debt)

Click here for the full-size infographic.

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