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8 Nov 7:47am

Global stock market rout leaves world with 57 fewer billionaires

The Guardian
Big fall in wealth in China as combined fortunes of ultra-rich dips for first time since financial crisis, says UBS There were 57 fewer billionaires on the planet at the end of last year than there were a year earlier, as the global stock market rout stripped the world’s wealthiest people of a collective $388bn (£302bn). It is the first time that billionaires’ wealth has fallen since the 2008 global financial crisis. According to a report by the Swiss bank UBS, the number of people with a paper fortune that stretches to nine zeros fell from
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