The 50 Biggest Losers

Nick Denton · 09/03/08 04:40PM

Vanity Fair's annual new establishment rankings—a highly subjective guide to status within editor Graydon Carter's universe—has always been more interesting for the losers more than the winners. The magazine's arbiters are too tactful to dole out many down arrows to the moguls, financiers and stars on the list; but the rankings themselves can't be fudged. Here's a list of last year's and this year's contenders ordered by the number of places they've fallen. (Those who've been dropped entirely are assumed to have been relegated to 101st place.)