Big Losers
There were 54000 job losses in the US over August.
According to the latest figures of the Labor Department, the US economy has seen another 54000 job losses in the month of August making it the third consecutive month of job losses in US. As a result to the job losses the unemployment rate grew up to 9.6% in August from 9.5% of July.
Total Losses = 54000
Source: Top News US
300,000 IT jobs axed globally this year.
Nearly 300,000 global back-office IT jobs will have been lost in 2009 by the end of the year. The Hackett Group analysed 4000 global companies in North America and Europe with over $1bn in revenue. It found that jobs were cut in all back-office industries – HR, finance and procurement – but IT suffered most.
Total losses = 300,000
The UK’s richest people blame ED for £155 billion loss.
UKCV: Various online sources are reporting that the UK’s richest people have lost over £155 billion pounds over the course of the year due to the Economic Downturn. The rich list that has been compiled every year for the past 21 years reported the biggest fall ever when it was compiled recently. It will be appear in the Sunday Times tomorrow. The accumulative wealth last year was £412 billion and this year it’s a measly £258 billion, meaning there are a lot of unhappy wealthy people. This makes for some happy reading for the rest of the UK especially if you don’t have a million or two stashed in the bank at the moment!
The biggest loser is London-based steel magnate Lakshmi Mittal who has seen his personal fortune drop by almost £17.5 billion to £10.8 billion or is that £23 billion according to “The Hindu“. He is still a rich man and is the UK’s richest person. The owner of Chelsea FC, Roman Abramovich lost £4.7 billion leaving him in second place with a fortune of £7 billion. Other big losers are Bernie Ecclestone, Sir Richard Branson, while super stars Sir Elton John and Robbie Williams have lost a around a quarter of their wealth over the past year.
Gerald Cavendish Grosvenor, (the 6th Duke of Westminster) is the richest Briton and continues to occupy third position overall with a fortune of £6.5 billion. The duke’s property assets have shrunk more slowly than others, losing £500m in value.
Here is the list of the Top 10 billionaires and their fortunes in this year’s Sunday Times Rich List. Last year’s rank, wealth and percentage change is included in brackets.
1. Lakshmi Mittal and family, steel – £10,800m (1, £27,700m, -61%)
2. Roman Abramovich, oil and industry – £7,000m (2, £11,700m, -40%)
3. The Duke of Westminster, property – £6,500m (3, £7,000m, -7%)
4. Ernesto and Kirsty Bertarelli, pharmaceuticals – £5,000m (6, £5,650m, -12%)
5. Hans Rausing and family, packaging – £4,000m (7, £5,400m, -26%)
6. Sir Philip and Lady Green, retailing – £3,830m (9, £4,330m, -12%)
7. Charlene and Michel de Carvalho, inheritance, brewing and banking – £2,960m (13, £3,630m, -18%)
8. Sammy and Eyal Ofer, shipping and property – £2,677 million (15, £3,336m, -20%)
9= John Fredriksen, shipping £2,500m (8, £4,650 million, -46%)
9= Joe Lewis, foreign exchange and investment £2,500m (19, £2,800m, -11%)
9= Kirsten and Jorn Rausing, inheritance and investment £2,500m (14, £3,500m, -29%)
9= David and Simon Reuben, property £2,500m (10, £4,300m, -42%)
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