At the same time, Forbes said, the economic downturn has "actually helped boost several billionaire businesses and spurred them to add jobs. The discount-shopping sector, for instance, is red hot right now as savvy 'recessionistas' hunt for all sorts of bargains."
The report noted that German billionaire Karl Albrecht's discount supermarket chain, Aldi, is planning 80 new stores in the US and holding a series of recruiting events for district managers and trainees this month.
Tadashi Yanai, who owns Japanese discount clothier Fast Retailing, is also continuing to expand and would open 30 new stores in 2009. Compatriot Hiroshi Mikitani of online retailer Rakuten is also looking to hire 316 new college graduates this spring from around Asia, while further 300 fresh hires would follow next year.
Image: Japan's casual wear chain Fast Retailing Co. chairman and CEO Tadashi Yanai. | Photograph: Issei Kato/Reuters
Also read: The historic Tata Motors journey
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