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IPFS News Link • Economy - Economics USA

94th's richest person throws himself under train over debt

1-6-2009 • Bloomberg

Merckle, whose estimated $9.2 billion fortune put him 94th on Forbes’ list of the world’s richest people, was hurt by bets on Volkswagen AG, a drop in the value of HeidelbergCement stock and increasing debt. The family’s spiraling debt threatened hol

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Reported By Powell Gammill

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