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UK Billionaires' Ranks Halved in Downturn

Wealthiest lose collective $228B

By Matt Cantor,  Newser Staff

Posted Apr 26, 2009 12:03 PM CDT

(Newser) – The number of UK billionaires has been almost cut in half by economic woes, from 75 to 43, with the country’s wealthiest having lost a collective $228 billion, the Times of London reports. The hardest-hit was steel magnate Lakshmi Mittal, who remains Britain’s richest man despite having lost some $9 billion. Others facing big losses include Roman Abramovich, Richard Branson, Tom Jones, Elton John, and Paul McCartney, the Guardian notes.

Lakshmi Mittal has been hit hard by the downturn.
Lakshmi Mittal has been hit hard by the downturn.   (AP Photo/Wong Maye-E)
Paul McCartney performs during his headlining set on the first day of the Coachella Valley Music & Arts Festival in Indio, Calif., Friday, April 17, 2009.
Paul McCartney performs during his headlining set on the first day of the Coachella Valley Music & Arts Festival in Indio, Calif., Friday, April 17, 2009.   (AP Photo/Chris Pizzello)
Chelsea's owner Roman Abramovich arrives at his seat to watch their English Premier League soccer match against Aston Villa at Villa Park stadium, Birmingham, England, Saturday, Feb. 21, 2009.
Chelsea's owner Roman Abramovich arrives at his seat to watch their English Premier League soccer match against Aston Villa at Villa Park stadium, Birmingham, England, Saturday, Feb. 21, 2009.   (AP Photo/Sang Tan)
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COMMENTS
Showing 1 of 1 comment
drlarrymitchell
Oct 1, 2009 9:33 AM CDT
BOO FUCKING HOO.

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