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Private Banking
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Billionaire toys on sale |
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Monday, 16 March 2009 |
With the global economic downturn making holes in the pockets of billionaires, the rich of the world are out to dispose their costly belongings, including castles, yachts, private jets and even soccer teams.
In its annual ranking of the world's richest billionaires, business magazine Forbes found that the number of billionaires has fallen to 793 from 1,125 last year, while the total billionaire wealth has taken a hit of about $2 trillion.
According to another report from Forbes, many of the 'billionaire toys' are up for sale and the available multi-million-dollar items include a castle, a luxury hotel, private jets, a soccer team and large-size yachts.
Image: The deposit paid by Russian oligarch Mikhail Prokhorov for Villa Leopolda on the French Riviera may go to charity after the metals tycoon pulled out of the euro 500 million deal.
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Last Updated ( Monday, 18 May 2009 )
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