Billionaire Bust

Besides, you know things are bad when even the world's richest are forfeiting their favourite toys.
Rumours are surfacing that many of the globes billionaires - so crunched by the financial crisis - have been forced to sell their yachts and jets.

Yachts and jets are famously expensive to maintain and the bigger it is the bigger the expense when it comes to preservation, repairs and parking - one would assume. Unsurprising then that Israel's wealthiest man Lev Leviev has reportedly sold his private Bombardier jet for £33 million - around £7 million less than he paid for it.

Abramovich has managed to keep his four yachts and private Airbus airliner, but it is unclear if he will be able to sail ahead with plans to build a £200m super-yacht named Eclipse which, at 550ft long, will be the largest private yacht ever constructed.

And who knows what has become of Bernard Madoff's 55-foot ‘get-away' away yacht named "Bull". One can assume he has either sold it or renamed it (bear?). Either way, he probably wishes he was on it.

Click here to browse the rich list pecking order.