Über-rich count their losses in billions at izbrano

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Über-rich count their losses in billions

Times - More than £100 billion will be wiped off the personal fortunes of Britain’s wealthiest industrialists and entrepreneurs in the coming months as tumbling stock markets and sliding property prices take their toll. Steel magnates, City brokers, hedge fund managers and the owners of Premier League football clubs will see their spending power cut, and that is likely to influence the price of urban mansions and hit sales of luxury goods.

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