Back in the roaring days of 2007 and thereabouts Iceland claimed six (US dollar) billionaires, in an economy worth about $13 billion, according to Bloomberg
Among the billionaires to lose it all are Björgólfur Guðmundsson, former chairman and owner of west Ham united FC, and former majority owner and chairman of Landsbanki; and former Baugur Group head honcho recently handed a suspended sentence for accounting fraud, Jón Ásgeir Jóhannesson. Both men filed for bankruptcy in 2009.
The only Icelander still to be considered a billionaire is Björgólfur’s son and Iceland’s original billionaire, Björgólfur Thor Björgólfsson who, despite playing a role in the financial collapse, was able to escape with $1 billion in tact. He resides in the UK.
There are no more billionaires in Iceland, with all the pre-crash billionaires having either lost or exported their wealth, RÚV