If you can afford to lose a few billion dollars but still have billions left, I have trouble feeling bad for you, even if it is 25% of your net worth. If I lost 25% of my net worth, I would be worth $.75, so there. 😉 There’s a big difference in how much you lose, based on the initial size of your bank account. Figures compiled for the Sunday Times Rich List 2009 reveal that the number of billionaires has fallen from 75 to 43 in the past 12 months. Some gems from the article, which made me cry out in pain over their apparent poverty:
- Lakshmi Mittal, the London-based steel magnate, was the biggest loser among the billionaires after his fortune dropped by almost Â£17bn to Â£10.8bn. But he retains his place as Britain’s richest man for the fifth year running.
- Sir Richard Branson, who has lost Â£1.5bn and is now worth Â£1.2bn
- Roman Abramovich, the Russian owner of Chelsea Football Club, keeps his position at second on the list despite also suffering from the downturn. His fortune has fallen to Â£7bn from Â£11.7bn.
When you can lose Â£7bn yet still be second on the list of the UK’s wealthiest people…