Bye, Bye Billions

Serafin, Tatiana
October 2008
Forbes Asia;10/27/2008, Vol. 4 Issue 18, p22
The article reports on the impact of the world financial crisis on the value of the wealth of the world's billionaires thus shortening the Forbes Billionaire list. The rise in the value of the U.S. dollar has resulted in depreciation of other currencies which has lowered the market value of many billionaires wealth. The worst hit are from Russia, Iceland and Kazakhstan. Billionaires from almost all the fields including construction and commodities are affected by the economic crisis.


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