Credit Crisis Snips Ranks of Super Rich

Millionnaires' club gets smaller as investments plummet in value
By Rob Quinn,  Newser Staff
Posted Jun 25, 2009 3:15 AM CDT
Credit Crisis Snips Ranks of Super Rich
The number of high net worth individuals shrank by a fifth last year.   (Getty Images)

(Newser) – Won't somebody think of the poor millionaires? The global financial crisis has hit the world's "super rich" hard and left many of them merely extremely wealthy, the Financial Times reports. The number of "ultra high net worth individuals" with over $30 million to invest shrank by nearly a quarter last year, and the group's collective wealth shriveled by a similar amount, according to the latest World Wealth Report.
(Read more millionaires stories.)

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