Saturday, 16 July 2011

Micro News: (1) Declining Sterling (£), (2) The 3 richest women in the world.

The gradual devaluation of the sterling (£) to many people is not manifest, but to the discerning traveller the
depreciation is evident. In 2007, the average British tourist would get more than 1.35 euros per £, but today some tourist hotels are offering an exchange rate of less than one euro to the £. Serious!



The 3 richest women in the world are:
1st - Christy Walton, worth $26.5 billion. She is the widow of JohnWalton, the Walmat heir.

2nd - Liliane Bettencourt, the L'Oreal heiress, she is worth $23.5 billion.

3rd - Alice Walton. She is the sister-in-law of Christy Walton and the daughter and neice repectively of the Walmat founders, Sam and James Walton. She is worth $22 billion.

Patrick Chike   (Editor)

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