RICH PICKINGS: A gloomy start

It's not just Eddy Groves who has had a poor start to the year. Australia's wealthiest investors have had more than $5.5 billion slashed from the value of their portfolios in just two months.

While the spectacular crash of Eddy Groves – whose fortune dropped from $140 million to less than $40 million in a few days – has captivated the business world this week, the fortune of another wealthy Australian entrepreneur has suffered a similarly spectacular decrease.

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