|
DynastyRG
|
The world’s richest are also a lot poorer. Their collective net worth is $2.4 trillion (Can$3.0 trillion), down $2 trillion (Can$2.5 trillion) from a year ago. Their average net worth fell 23 per cent to $3 billion (Can$3.7 billion). The last time the average was that low was in 2003.
Bill Gates lost $18 billion (Can$22.3 billion) but regained his title as the world’s richest man. Warren Buffett, last year’s No. 1, saw his fortune decline $25 billion (Can$31.0 billion) as shares of Berkshire Hathaway fell nearly 50 per cent in 12 months, but he still managed to slip just one spot to No. 2. Mexican telecom titan Carlos Slim Helú also lost $25 billion (Can$31.0 billion) and dropped one spot to No. 3.
It was hard to avoid the carnage, whether you were in stocks, commodities, real estate or technology. Even people running profitable businesses were hammered by frozen credit markets, weak consumer spending or declining currencies.
The biggest loser in the world this year, by dollars, was last year’s biggest gainer. India’s Anil Ambani lost $32 billion (Can$39.7 billion)—76 per cent of his fortune—as shares of his Reliance Communications, Reliance Power and Reliance Capital all collapsed.
|
|
laxman11
|
Yeah, I’m sure they’re worth less, but I’m sure they’re still not hurting 
|
|
DynastyRG
|
Well looking at it percentage wise, Anil Ambani lost $32 billion (Can$39.7 billion)—76 per cent of his fortune, he must be hurting pretty bad.
What I am curious about is if this is a measure of what extra money they have over their personal liabilities or just what assets they have. For all we know, he could be very leveraged out in terms of credit.
|
