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Kirk Kerkorian, the largest individual shareholder in Ford, sold 7.3 million shares of Ford stock on Monday, at an average price of .43 a share, which means for around million. Between April and June 2008, Tracinda Corporation, Kerkorian’s company, paid billion for 144 million shares. Considering that Ford’s stock price is dropping (now it trades for .07), Kerkorian is looking at a 0 million loss. Tracinda Corp also announced that, “depending upon market conditions and available sale prices,” it may sell all of its remaining 133,500,000 shares of Ford stock and has contacted an investment bank to handle the possible share sale. So, not very good news for Ford, with one of it’s most important investors losing his trust in the company.

Kerkorian, which has made a fortune from Las Vegas businesses (his net worth in 2008, according to Forbes Magazine, is .0 billion, making him the world’s 41st richest person) was also involved in the automotive industry. Before buying the Ford shares, he also owned 9.9 percent in GM and, last year, he was one of the bidders for Chrysler.