Most of The billionaire reveals ”It was hard to avoid the carnage, whether you were in stocks, commodities, real estate or currencies. Even people running fine businesses could have been killed by frozen credit markets, weak consumer spending or fraud.”
Forbes says ”Last year Moscow overtook New York as the billionaire capital of the world, with 74 tycoons to New York's 71. Today there are 27 in Moscow and 55 in New York.” The New York again set back as the billionaire capital of the world.
This year the world's billionaires have an average net worth of $3 billion, down 23% in 12 months. The world now has 793 billionaires, down from 1,125 a year ago.
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