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Sunday, April 26, 2009

UK SUPER-RICH 'HIT BY RECESSION'



"Never in the 21-year
history of the Rich List has the collective affluence
of those who live and work in Britain fallen by so much,"
said BBC business correspondent Joe Lynam.

The UK's super-rich have seen their wealth fall in the past year during the economic downturn, according to this year's Sunday Times Rich List.

The top 1,000 richest people in the country now have £258bn between them, it estimates - down from last year's record of £413bn.

Over the past 12 months the number of billionaires has fallen from 75 to 43.

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