The founders of Juul have lost their billionaire status. The company fell sharply in price due to the disease of vaping smokers
Adam Bowen and James Monseese, founders of e-cigarette company Juul, are no longer billionaires, according to Forbes. On October 4, The Wall Street Journal reported that one of Juul's investors, hedge fund Darsana Capital Partners, had written off more than a third of its investment in the company. After that, according to the publication, its value decreased from 38 billion to 24 billion dollars. Bowen and Monseese each own 1.75% of Juul, which is $420 million each at the new valuation.