The personal fortunes of the 1,000 wealthiest people in Britain have tumbled by more than 50% in 2008, according to the 2009 Sunday Times Rich List.

Among the super rich, approximately $300 billion in wealth has evaporated this year, as assets have fallen from about $598 billion to $289 billion. Some hedge fund and property firms reportedly lost as much as 90% of their assets.

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