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 'Billionaire Bloodbath' Costs America's Super-Rich $300B

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'Billionaire Bloodbath' Costs America's Super-Rich $300B Vide
PostSubject: 'Billionaire Bloodbath' Costs America's Super-Rich $300B   'Billionaire Bloodbath' Costs America's Super-Rich $300B Icon_minitimeThu Oct 01, 2009 10:33 pm
America's 400 richest people became a whole lot poorer over the last 12 months, according to the latest Forbes list. Their total wealth fell by a whopping $300 billion to a total $1.27 trillion, with 314 of the 400 experiencing a fall in fortunes. A Forbes editor described the last year as a "billionaire bloodbath" that cut the number of billionaires in America to 392 from 489.

Bill Gates remains America's richest man and Warren Buffett is still in second place, even though their fortunes fell by $7 billion and $10 billion, respectively. Some 32 people lost their places on the list over the last year, including Texas money man R. Allen Stanford, whose assets have been frozen while the feds investigate an alleged Ponzi scheme.

It was a billionaire bloodbath out there. Just a score of people actually made money over the year. It’s been really bad. And there has been no industry that has been unscathed.
- Forbes senior editor Matthew Miller

http://www.forbes.com/2009/09/29/forbes-400-buffett-gates-ellison-rich-list-09-intro.html
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