shyGirl
Jul 22, 2002, 08:24 AM
http://www.newsoftheworld.co.uk/showbiz/showbiz2.html
Sir Paul McCartney is believed to be the biggest showbiz loser, suffering a staggering £54 million plunge in the value of his shares.
Macca's total estimated wealth stands at around £713million, but the downturn has put a dent in the cash he has available to invest.
Others caught out include Sting, who's been stung for £9.3 million of his £150 million fortune, and singer Tom Jones, worth £110 million, who is believed to have lost £8.25 million.
Former Genesis drummer Phil Collins also took a beating.
The tax-exile with a personal fortune of £120 million, has seen the value of his portfolio crash from £18 million last year to £9 million now.
The top ten losers chart also includes Madonna and Sir Elton John.
But the material girl, who's worth £200 million on paper, spends around £350,000 a month on "living expenses" which means she is not as big an investor as her fortune might suggest. Sir Elton's lifestyle also means that, even with a £160 million fortune, he is not over-exposed in the market.
Even the Queen has been badly hit by the shares crisis, losing £10 million.
But canny Sir Mick Jagger, who has lost around £1.9 million, will have made that up, and more, with shrewd property investments.
Jagger, whose estimated £78 million wealth includes a £15 million-plus art collection, is raking it in from his offshore property company launched with members of Irish band U2.
Sunday Times Rich List compiler Dr Philip Beresford said: "The stars' investment strategies are boring compared to their rock 'n' roll lifestyles. Like the Queen, they opt for steady funds. Unfortunately for them, all sections of the markets have been hit."
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shyGirl's Hideout (http://www.geocities.com/smw15/index.html)
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Sir Paul McCartney is believed to be the biggest showbiz loser, suffering a staggering £54 million plunge in the value of his shares.
Macca's total estimated wealth stands at around £713million, but the downturn has put a dent in the cash he has available to invest.
Others caught out include Sting, who's been stung for £9.3 million of his £150 million fortune, and singer Tom Jones, worth £110 million, who is believed to have lost £8.25 million.
Former Genesis drummer Phil Collins also took a beating.
The tax-exile with a personal fortune of £120 million, has seen the value of his portfolio crash from £18 million last year to £9 million now.
The top ten losers chart also includes Madonna and Sir Elton John.
But the material girl, who's worth £200 million on paper, spends around £350,000 a month on "living expenses" which means she is not as big an investor as her fortune might suggest. Sir Elton's lifestyle also means that, even with a £160 million fortune, he is not over-exposed in the market.
Even the Queen has been badly hit by the shares crisis, losing £10 million.
But canny Sir Mick Jagger, who has lost around £1.9 million, will have made that up, and more, with shrewd property investments.
Jagger, whose estimated £78 million wealth includes a £15 million-plus art collection, is raking it in from his offshore property company launched with members of Irish band U2.
Sunday Times Rich List compiler Dr Philip Beresford said: "The stars' investment strategies are boring compared to their rock 'n' roll lifestyles. Like the Queen, they opt for steady funds. Unfortunately for them, all sections of the markets have been hit."
------------------
http://www.beatlelinks.net/ubb/smilies/rocknroll.gif
Song of the moment-Hello Goodbye
shyGirl's Hideout (http://www.geocities.com/smw15/index.html)
"If they can dig it, please dig it."-George