Issue 4279. Last Updated: 11/20/2009

Billionaires Reluctant to Give Up Their Toys

By Ira Iosebashvili
For most of the decade, the country's billionaires spent hundreds of millions of dollars on boats, jets, expensive art and the occasional football team. But, despite strained bank accounts and public outrage, the tycoons have been loath to part with their expensive trinkets, choosing instead to hunker down and wait for better days.

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