Elt's out of pocket.ELTON John Sir Elton Hercules[1] John CBE[2] (born Reginald Kenneth Dwight on 25 March, 1947) is a five-time Grammy and one-time Academy Award-winning English pop/rock singer, composer and pianist. lost nearly a quarter of his wealth in the last year as celebrities were hit by the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. . The Rocketman's fortune plunged by pounds 55million to pounds 175million during the financial downturn. Falling property and share values also wiped pounds 60million of Paul McCartney's fortune. He is now worth pounds 440million. Other big losers include Spice Girls creator Simon Fuller, who lost pounds 150million, and Sir Tom Jones, who saw his fortune fall pounds 40million. Bucking the trend was Mamma Mia! producer Judy Craymer, whose wealth rose by 29 per cent to pounds 75million.. |
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