United Kingdom

UK Billionaires halved their assets in the Economic Meltdown

Britain's richie-rich club saw their wealth melting away by more than half to 200 billion pounds in a year marked with a severe economic downturn, while Indian- origin steel tycoon Lakshmi Mittal took the biggest hit. With the net worth of some billionaires getting hit by as much as 90 per cent, Mittal and another Indian-origin business tycoon in Britain Anil Agarwal are among those having sufferred the biggest losses, The Sunday Times reported today.

Topic:

Subscribe to RSS - United Kingdom