UK's richest lose billions
26-04-2009
The economic downturn has wiped billions of dollars off the fortunes of some of the richest people in Britain, including Lakshmi Mittal and Roman Abramovich, according to a survey.
The annual Sunday Times Rich List, which features the thousand wealthiest people based in Britain, found they had collectively lost 155 billion pounds, or US$ 228 billion, in the last year.
Indian-born steel tycoon Mr Mittal tops the list for the fifth year running but he and his family's wealth has fallen to 10.8 billion pounds from last year's 27.7 billion, a massive 60 percent drop.
Mr Abramovich, the Russian oligarch who owns Chelsea Football Club, is at number two and is worth seven billion pounds, down from 11.7 billion last year.
