Post by QPR Report on Apr 26, 2009 9:08:29 GMT
From The Sunday Times
"....The Rich List’s biggest loser, Lakshmi Mittal, has seen £16.9 billion evaporate from the collapse of the world steel market this year. Now worth £10.8 billion, Mittal remains the richest person in Britain.
He has sustained losses of more than three times the level of Roman Abramovich, his nearest rival in the downshifting stakes, who was down £4.7 billion. The Russian’s surviving £7 billion makes him the second richest person in the UK.
Sunday Times
Sunday Times Rich List: Bonfire of the billionaires wipes out £155bn fortune
The full Sunday Times Rich List, including an extra 100 entries, will be published online on Tuesday
THE recession has wiped £155 billion from the fortunes of Britain’s richest 1,000 people, equivalent to more than a third of their wealth.
The unprecedented collapse, revealed in the 2009 Sunday Times Rich List, published today, is the biggest annual fall since it was first compiled 21 years ago.
In a bonfire of the billionaires, the number in this year’s Rich List has fallen from 75 to 43. Between them, people ranked in the top 100 lost £92 billion. Only three saw their wealth increase. ...
The Rich List’s biggest loser, Lakshmi Mittal, has seen £16.9 billion evaporate from the collapse of the world steel market this year. Now worth £10.8 billion, Mittal remains the richest person in Britain.
He has sustained losses of more than three times the level of Roman Abramovich, his nearest rival in the downshifting stakes, who was down £4.7 billion. The Russian’s surviving £7 billion makes him the second richest person in the UK.
The Duke of Westminster is the richest Briton and continues to occupy third position overall with a fortune of £6.5 billion. The duke’s property assets, centred on Mayfair and Belgravia in London, have shrunk more slowly than others, losing £500m in value. Thirty-eight people in the Rich List have lost in excess of this amount.
While some billionaires have slipped into mere millionaire status, others have disappeared from the list altogether. Sir Tom Hunter, worth £1.05 billion last year, has seen his investments in housebuilding, garden centres and retail turn sour. Coupled with his pledge to give his fortune away — he has donated £23.3m in the past year — Hunter no longer makes the Rich List.
Over the past five years the bottom line required for a place in the Rich List has risen from £30m in 2003 to £80m last year. Now a fortune of £55m is sufficient to make the top 1,000.
The Rich List’s combined wealth adds up to £258.27 billion, compared with £412.8 billion last year. .....
business.timesonline.co.uk/tol/business/specials/rich_list/article6169048.ece
"....The Rich List’s biggest loser, Lakshmi Mittal, has seen £16.9 billion evaporate from the collapse of the world steel market this year. Now worth £10.8 billion, Mittal remains the richest person in Britain.
He has sustained losses of more than three times the level of Roman Abramovich, his nearest rival in the downshifting stakes, who was down £4.7 billion. The Russian’s surviving £7 billion makes him the second richest person in the UK.
Sunday Times
Sunday Times Rich List: Bonfire of the billionaires wipes out £155bn fortune
The full Sunday Times Rich List, including an extra 100 entries, will be published online on Tuesday
THE recession has wiped £155 billion from the fortunes of Britain’s richest 1,000 people, equivalent to more than a third of their wealth.
The unprecedented collapse, revealed in the 2009 Sunday Times Rich List, published today, is the biggest annual fall since it was first compiled 21 years ago.
In a bonfire of the billionaires, the number in this year’s Rich List has fallen from 75 to 43. Between them, people ranked in the top 100 lost £92 billion. Only three saw their wealth increase. ...
The Rich List’s biggest loser, Lakshmi Mittal, has seen £16.9 billion evaporate from the collapse of the world steel market this year. Now worth £10.8 billion, Mittal remains the richest person in Britain.
He has sustained losses of more than three times the level of Roman Abramovich, his nearest rival in the downshifting stakes, who was down £4.7 billion. The Russian’s surviving £7 billion makes him the second richest person in the UK.
The Duke of Westminster is the richest Briton and continues to occupy third position overall with a fortune of £6.5 billion. The duke’s property assets, centred on Mayfair and Belgravia in London, have shrunk more slowly than others, losing £500m in value. Thirty-eight people in the Rich List have lost in excess of this amount.
While some billionaires have slipped into mere millionaire status, others have disappeared from the list altogether. Sir Tom Hunter, worth £1.05 billion last year, has seen his investments in housebuilding, garden centres and retail turn sour. Coupled with his pledge to give his fortune away — he has donated £23.3m in the past year — Hunter no longer makes the Rich List.
Over the past five years the bottom line required for a place in the Rich List has risen from £30m in 2003 to £80m last year. Now a fortune of £55m is sufficient to make the top 1,000.
The Rich List’s combined wealth adds up to £258.27 billion, compared with £412.8 billion last year. .....
business.timesonline.co.uk/tol/business/specials/rich_list/article6169048.ece
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