For billionaires, suffering a massive loss of wealth probably has a different effect than for, say, a millionaire's.
But in relative terms, the global economic crisis has been a hard hit for this elite class. Last year Forbes noted 355 dropoffs from its annual roundup of billionaires, mostly from the United States. From bad loans and pre-crisis real estate purchases, to messy divorces and SEC investigations, billionaires--just like the rest of us--have watched their personal finances shrink to a fraction of their highest net worth.
But don't sulk, billionaires. Life will continue, with or without your McLaren F1's. We promise.
Check out which billionaires who have lost a significant part of their fortunes in recent years.