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Saturday, October 11, 2008

Some of the hardest hit British millionaires

Michael Spencer
Business: ICAP, a City of London money broker
Fortune at peak: £895million
Estimated loss: £483million
A friend of Sir Elton John, Spencer collects Jack Vettriano paintings and owns homes in Notting Hill, Suffolk and Manhattan.

Joe Lewis
Business: Investor
Fortune at peak: £2.8billion
Estimated loss: £602million
He loves to play golf for money and has been known to bet £30,000 on a hole. He has 200ft yacht.

Robert Tchenguiz
Business: Investor
Fortune at peak: Unknown
Estimated loss: £1billion
'I love my yacht. I have no intention of selling it. I've lost a lot of money but I'm not in trouble', he says.

Mike Ashley
Business: Sports Direct, sports retailer
Fortune at peak: £1.169billion
Estimated loss: £1billion
Newcastle football club owner Ashley left school at 16 to set up Sports Direct, which now has 400 stores around Britain. He is now trying to sell Newcastle United for £300million.

Lakshmi Mittal and family
Business: Arcelor Mittal, the world's largest steel group
Fortune at peak: £33.24billion
Estimated loss: £21.4billion
He threw his daughter a £34million wedding party at which guests drank 5,000 bottles of champagne and were entertained by Kylie Minogue. His son Aditya said recently: 'Money is a curse.'

Bruno Schroder and family
Business: Schroders, asset management company
Fortune at peak: £1.52billion
Estimated loss: £508million
Schroder ownes a private jet which he uses to fly to his 16,500 acre estate in Islay, Scotland, where he breeds Middle White pigs.

Anil Agarwal
Business: Vedanta Resources, a metals conglomerate
Fortune at peak: £4.29billion
Estimated loss: £2.95billion
'I have to have a Bentley, the best of chauffeurs and butlers. All these add to the confidence' he said. He lives in a £20million house in Mayfair, and has given £500million to found a new university in Orissa, India.

Are you feeling a little sorry for all these people? Not bloody likely!