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Billionaires on a hiring spree, globally

March 24, 2009

They have become poorer by billions of dollars in the global economic downturn that has also engulfed millions of jobs, but many brave-heart billionaires are still on a hiring spree for their businesses across the world.

India alone accounts for over 100,000 new jobs – nearly half the global figure -- being created by the billionaires, who according to US magazine Forbes' annual ranking of world's richest people earlier this month, lost about $2 trillion of wealth in the past one year.

Text: PTI

Image: A 'Now Hiring' sign is displayed in the window of a shop. | Photograph: Rick Wilking/Reuters

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