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Richest men cry on Stock market crash
By SiliconIndia | Tuesday, 09 August 2011, 03:53 Hrs |
6 Comments
4. Ivan Glasenberg:
Commodities trader Ivan Glasenberg, who heads up Glencore International, also had a miserable week although not as bad as Mittal. He lost 788 million pounds as his share price plummeted 13.2 percent leaving his 15.8 percent of the company worth 4.7 billion pounds.
Commodities trader Ivan Glasenberg, who heads up Glencore International, also had a miserable week although not as bad as Mittal. He lost 788 million pounds as his share price plummeted 13.2 percent leaving his 15.8 percent of the company worth 4.7 billion pounds.
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Reader's comments(6)
1:
depending on trade / stocks 10 tims worser than begging/ robbery.people not able to htink what kind of productive work is on it.
Posted by:kittamani
- 10 Aug, 2011
2:
Richest men cry on Stock market crash
Lakshmi Mittal lost 2.16 billion pound following a calamitous six days on stock markets reducing the value of his fortune to 9.7 billion pound.
I wonder how his life style or quality of life will be effected by the 'loss' which is only on paper and not real unless he sells his shares.
What is there for the super rich to cry about. Unless his health has been seriously effected by the 'fall' and 'reduction in value of his wealth.
He should get the blessings of his less fortunate humans by sharing part of the wealth. The blessings will be his real wealth and not the paper value of his investments.
gursharan38@gmail.com
Malaysia
10.8.11
Richest men cry on Stock market crash
Lakshmi Mittal lost 2.16 billion pound following a calamitous six days on stock markets reducing the value of his fortune to 9.7 billion pound.
I wonder how his life style or quality of life will be effected by the 'loss' which is only on paper and not real unless he sells his shares.
What is there for the super rich to cry about. Unless his health has been seriously effected by the 'fall' and 'reduction in value of his wealth.
He should get the blessings of his less fortunate humans by sharing part of the wealth. The blessings will be his real wealth and not the paper value of his investments.
gursharan38@gmail.com
Malaysia
10.8.11
Posted by:Gursharan Singh
- 09 Aug, 2011
3:
I Don't think any of these people cried, its only the media which used this expression.
Surest Replied to: Gursharan Singh
- 10 Aug, 2011
4:
False! False Perception. Nothing is destroyed. The aam admi will feel the pain not the rich people.
They are in stock market to leverage their asset growth. So they have zoomed 1 to 10 times and 1 to 100 times wealth. If some losses are their that is from their gains. The above mentioned rich men are those khiladi tycoons who knows this game. They will utilize the opportunity and move up again.
Do not waste time predicting them. Try to make use of the opportunity.
They are in stock market to leverage their asset growth. So they have zoomed 1 to 10 times and 1 to 100 times wealth. If some losses are their that is from their gains. The above mentioned rich men are those khiladi tycoons who knows this game. They will utilize the opportunity and move up again.
Do not waste time predicting them. Try to make use of the opportunity.
Rakesh Replied to: Gursharan Singh
- 09 Aug, 2011
5:
u r right. What they will do now is just take a few cost cuttings put more people jobless and adjust their profits again.
Twinkle Replied to: Rakesh
- 11 Aug, 2011
Beautiful and dress selection, please go to Dresses
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