Estonia's elite four times poorer

  • 2010-09-27
  • TBT Staff

TALLINN -- The total wealth of Estonia's 500 richest people has fallen by a multiple of four over the past year, a recent list compiled by Estonian-language daily Aripaev has found.

The total wealth of the people on the list had fallen by 11 billion kroons compared to last year.

The paper noted that the change is a sign that the economy is balancing out as the "get-rich-quick" businessmen drop off the list.