Ouch

The world's richest people have lost a quarter of their wealth in the past 12 months according to business magazine Forbes

Last year there were 1, 125 billionaires, now there are just 793. Some of the biggest losers include Abramovich and Bill Gates.

While it might be a cause for some people to gloat and revel in this news, the fact remains that this will have an effect on all of us down the line - if these guys are losing money and feeling the pinch with their vast fortunes, it is going to trickle down the food chain and affect the little people as well.

Not so funny now, is it?