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  1. #1

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    Britain's billionaires now billions poorer

    Britain’s richest billionaires have seen their personal wealth shrink by more than £6bn after their fortunes were hit by a perfect storm of market turmoil.

    The Duke of Westminster Hugh Grosvenor, Virgin boss Sir Richard Branson, City fund giant Bruno Schroder and Britain’s wealthiest man Jim Ratcliffe have all taken hits running into the hundreds of millions of dollars this year, Bloomberg data has revealed.

    The 16-strong British contingent in Bloomberg’s Richest 500 list have collectively seen an estimated £6.2bn wiped from their wealth as the UK property market and stocks around the world tumble.

    Britain's billionaires now billions poorer


  2. #2

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    An asset bubble is now deflating, hence assets are losing value. This usually hits people with ... lots of assets.

    Easy to understand.

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    At least scooper is safe ...

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