On annus horribilis, again: While I am happy to see 2008 go away, I try to put myself into the shoes of these gentlemen, and realize that I should be much happier than I am.
Consider Bjorgolfur Gudmundsson, former chairman of Landbanki and prominent Icelander. He was worth $1.1bn 9 months ago. Today? Zilch. Or Oleg Deripaska. Net loss in 9 months? More than $18 billion. To put this number in perspective requires a lotttttt of zeros.
And who takes the cake? None other than Mr. Ambani Jr. He has lost $30 billion in 2008 (perhaps more precisely, the losers are the poor twits that invested in the Reliance Power IPO or his other grandiose schemes!)
But as always, Indians are top of the list. Together, Messrs. Ambani (Jr. and Sr.), Lakshmi Mittal and KP Singh of DLF have lost $100 billion this year. That is equivalent to more than 10% of India's GDP. So how petty my troubles!
Check out the entire list here for some vicarious thrills
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