Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Hard times for Britain's richest

|
|
 
  
Published: April 26, 2009 at 12:01 AM

LONDON, April 26 (UPI) -- The worldwide economic slump has been tough on the richest people in Britain, costing them about one-third of their net worth, The Times of London reported.

The Times published its annual Rich List Sunday, cataloging the 100 richest people in the country. This year, there are only 43 billionaires on the list, down from 75 in 2008.

Only three of those in the top 100 are worth more this year than last, the Times said. Collectively, the group has lost 92 billion pounds ($136 billion).

Indian steel tycoon Lakshmi Mittal has managed to remain the richest person in Britain while losing 16.9 billion pounds ($25 billion), more than half his fortune and more than anyone else in the country lost. Mittal's wealth is now 10.8 billion pounds ($16 billion).

Russian financier Roman Abramovich, owner of the Chelsea Football Club, lost only 4.7 billion pounds ($6.9 billion). With 7 billion pounds ($10.3 billion) left, he remains second on the list.

Topics: Lakshmi Mittal
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars Cheerleaders of 2012 The Chicago Auto Show
The Tibetan Moniam Festival in China The Most Desirable Women of 2012 The best kisses
Additional Odd News Stories
Your Daily Horoscope
The almanac
1 of 25
Meryl Streep and Colin Firth attend the "BAFTA" ceremony in London
View Caption
fark
High school coach retires at 65 after getting arrested nude, "aroused" in car backseat with 17-year-old...
Man arrested for stealing $25k worth of Tide detergent. Witnesses say the suspect appeared quite...
News: Two cars fighting gun battle on Interstate accidentally fire into car of innocent women. Fark:...
Dads, before showing "The Smurfs" DVD from your laptop at your kid's birthday party, make sure you...
It's a Jeep thing. You wouldn't understand
Baby shower ends with three people stabbed after a drunken argument between relatives of mom-to-be...