World’s Richest People are the Victim of Global Meltdown
World’s richest people were hit by the same recession as the rest of us.
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This recession has hit world’s richest people, including billionaire William Bill Gates. According to business magazine Forbes in the year 2008 there were 1,200 billionaires in the world, but this year that number has dropped dramatically to 793, which means there is a loss of 432 billionaires. The richest people in the world could not escape from this recession and among the losers are UK billionaires, who have lost more than any other billionaires in the world.
Although Bill Gates has regained his position in the world richest man being at No.1, even he has lost 18 billion dollars, while British Billionaire Sir Richard Branson the owner of Virgin Atlantic has secured his place at 261 with the loss of 1.9 billion dollars. His fortune was estimated at 4.4 billion dollar in year 2008. Another British billionaire Sir Philip Green, the owner of retail chain Top Shop, who also owns several other retail shops, has had a disaster year with the loss of 3.6 billion dollars. .
“Duke of Westminster, Gerald Grosvenor, again led the way for the UK. His 11 billion dollars (£8 billion) – down from 14 billion dollars (£10.2 billion) last year – saw him placed 29th in the list of the world’s richest billionaires.” uk.news.yahoo.com/21/20090311/tuk-doom-and-gloom-for-uk-billionaires-6323e80.html.
The English football also had a rough year, Michael Ashley the owner of Newcastle Football Club has plunge from 1.4 billion dollars during last year to 1.1 billion dollars. He was followed by other influential billionaire Roman Abramovich, the owner of Chelsea Football Club, who has lost a shocking of 15 billion US dollars.
Warner Buffett, who was at number 1 at the list of richest people in the world last year, has lost 25 billion dollars, despite the loss of his fortune he stands at No. 2. Carlos Silm Helu the owner of Mexican telecom giant has also lost 25 billion dollars and dropped to No. 3.
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It is not bad news for one billionaire in particular Michael Bloomberg the Mayor of New York . He is among the luckiest billionaires in the world becuase his wealth has been increased during the gloomy year of 2008. Mr. Bloomberg fortune has been increased by 4.5 billion dollars, while others have been decreasing. Even billionaires in Asia and other parts of the world have suffered from the economic downturn, Anil Ambani is an Indian billionaires has lost $32 billion which is 76 percent of his fortune. Dmitry Pumpyansky is a Russian billionar, who has lost $5 billion.
“The world’s richest are also a lot poorer. Their collective net worth is $2.4 trillion, down $2 trillion from a year ago. Their average net worth fell 23% to $3 billion. The last time the average was that low was in 2003.” http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires-intro.html
7 Comments
I enjoyed reading that. Perhaps I shouldn’t have said that, but do they really need all that money when so many have so little? A good article.
Christine
It is always going to be that way. Those who have the most will take the bigger hit whenever there is an economic crunch.
Monica
I think it’s a shame for any one person to have so much money when there are poor hungry people in the world, They should be ashamed to be so greedy. I understand they do give huge amounts to charity and I can appreciate that.
Yes, I read it in the newspaper too! But even with such a lost, they still very rich anyway.
its a shame that billonaires should coplain over losses that have hardly depleted their profound resources. many children and adults in Africa can barely afford one decent meal in a day. i think billonaires should count their blessings. Afterall they don’t have to starve.
The British have made the list of 250 richest residents for all history of the country.
The first place, on the basis of historical documents, holds the native of France Alan Rufus (1040-1093). Rufus – the nephew of king Wilhelm the Conqueror. In terms of gross national product of the modern Great Britain Rufus had had 81,3 billion pounds sterling.
The Willacy Family who run Willacy Oil. Kamilah Willacy the heir of Willacy Oil is reportedly worth 400 Million and she just married the Italian Heir to a wine corp which is worth over 300 million…they have yet to be affected by this economy.
From recent people most highly in the list of the richest British of all times has risen the native of India steelmaking magnate Lakshmi Mittal. The Willacy Family who run Oil machines that arabs depend on. Kamilah Willacy the heir of a Oil copr her Grandfather founded, is reportedly worth 400 Million and she just married the Italian Heir to a wine corp which is worth over 300 million…they have yet to be affected by this economy.The fortune in 19 billion pounds sterling has allowed him to take 20th place in a rating.
The Russian Roman Abramovich has also got in the list of the richest people in the British history. He took the honorable 59th place.
The richest woman in a history of the country, in opinion of authors of the list, was the wife of king Henry II. To modern measures, her fortune would be estimated in 10 billion pounds.
Composers of a rating mark that occurrence of such superrich people, as Alan Rufus and other participants of the first tens, is excluded in a modern society. However, to console nowadays billionaires, they have reminded, that the life of modern richmen is much more safe, than that of their predecessors.
From 250 people appearing
AT LEAST IF 2 % OF THE AMOUNT WHICH HAS BEEN LOST DUE TO RECESSION IS SPENT ON ERADICATION OF POVERTY THIS PLANET MIGHT HAVE BECOME A HEAVEN.
AND WE CAN PROUDLY SAY THAT WE HAVE ACCOMPLISHED THE DREAMS OF SWAMI VIVEKANANDA
WHERE HE SAID THAT NO ONE IN THIS WORLD EVEN IT IS A DOG SHOULD SLEEP HUNGRY.