UK Billionaires' Ranks Halved in Downturn

Wealthiest lose collective $228B
By Matt Cantor,  Newser User
Posted Apr 26, 2009 12:03 PM CDT
Lakshmi Mittal has been hit hard by the downturn.   (AP Photo/Wong Maye-E)
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(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.