sacred bird

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and you thought you had it bad

Posted by 630

March 13, 2009

forbes magazine has release their annual list of the world’s billionaires and it’s no surprise that with all the economic hurt going on, the weathly are feeling it too. on average, the 793 people listed have lost 23% of their wealth. the richest man, bill gates, lost $18 billion. warren buffet slipped to 2nd place from 1st place last year losing $25 billion. and it’s not just in the us. new york city has replaced moscow as the home for the most billionaires. russia’s numbers drop from 87 to 32 billionaires and turkey dropped from 35 to 13.

said steve forbes, chief executive of forbes magazine, “Billionaires don’t have to worry about their next meal, but if their wealth is declining and you’re not creating numerous new billionaires, it means the rest of the world is not doing very well. The typical billionaire is down at least one third on their net worth.”

so if you’re unemployed and wondering how you’re going to pay next month’s rent or buy your weekly groceries, take comfort in knowing that everyone is feeling the pain.

photo courtsey of olhootenanny

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