Just at the beginning of 2008, there were too many billionaires in India and China and Russia who were nowhere few years back. And the whole world, including the Forbes Magazine were praising a lot of them for their business acumen and great management skills.
Within nine months time, most of these Billionaires have been reduced to Millionaires, thanks to the stock market crash which has taken the stock values of most of the top rated companies by anything between 40% to 90%.