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BBC NEWS | Business | Youngest billionaires lose money

The world's youngest billionaires have lost nearly a third of their wealth, according to Forbes rich list.

The average net worth of billionaires 40 and under is $2.9bn (£2.1bn), down 30% from last year.

The youngest billionaire is Germany's car-racing bachelor Prince Albert von Thurn und Taxis, who is worth about $2.1bn at the age of 25.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Mar 11th, 2009 at 11:01:55 AM EST
The average BBC copywriter is worthless at understanding and presenting numbers -  billionaires under 40 a year ago and now are different groups - many who were billionaire a year ago are not billionaires anymore, and quite a few who were under 40 are over 40 now...

It's quite likely that the median billionaire from a year ago isn't a billionaire anymore...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Wed Mar 11th, 2009 at 11:20:24 AM EST
[ Parent ]
You should send them an e-mail pointing out this fact...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Mar 11th, 2009 at 04:13:27 PM EST
[ Parent ]

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