"It's really hard to find something to cheer about unless you get some perverse pleasure in realizing that some of the most successful ... people in the world ... can't figure out this global economic turmoil better than the rest of us." New York City replaced Moscow as home to the most billionaires, with 55. Russia, which saw the number of super- rich soar in recent years, suffered among the biggest shocks, with the number of billionaires down to 32 from 87.
WHATS GO UP FAST COMES DOWN FASTWHAT GOES UP FAST, COMES DOWN FAST Other developing countries that saw fast growth in previous years were hit hard as well, including Turkey, where the number of billionaires fell to 13 from 35, partly due to the collapse in the value of the lira currency, and India. Indian businessman Anil Ambani, the biggest gainer on last year's list, was the biggest loser this time.
with $32 billion wiped out over the last 12 months. Ranked sixth last year, he fell to 34 with an estimated wealth of $10.1 billion. "India took a huge whack," Kroll said, noting that last year Indians held four of the top 10 spots and now only two, and the number of Indian billionaires more than halved to 24. Of those who remained or returned to the list, 656 saw their net worth fall, 52 held even and only 44 managed to expand their wealth.
The only person in the top 20 who did not lose money was New York Mayor Michael Bloomberg, whose net worth was revised up to $16 billion from $11.5 billion because of a revaluation of his media company, Bloomberg LP, Forbes said. He is now the richest man in New York, jumping from 65 in the world to 17. Forbes Senior Editor Matthew Miller said that, in the current climate.
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