Kylie Minogue is said to be worth $70 million. (AAP)
Kylie Minogue is one of a number of celebrities whose wealth has dwindled thanks to the worldwide recession.
The pop princess, 40, is estimated to have lost about 10 percent of her wealth in the last 12 months, with her net worth shrinking from $83.5 million to $70 million.
Despite the loss, Minogue still placed 46th on a list of the richest musicians in Britain compiled by The Sunday Times.
It was the first time she had made the top 50, showing the recession was clearly taking a toll on a number of her fellow stars.
Minogue's wealth may have dwindled further had she not accepted recent multi-million dollars fees to perform in a Bollywood music clip and a hotel opening in Dubai.
She also sold a property in Melbourne for around $1 million.
The newspaper survey showed Britain's richest people lost 155 billion pounds in the past year, with the nation's number of billionaires sinking from 75 to 43 people.
"I am beyond being surprised, except by the scale of the devastation," said Philip Beresford, who has compiled the annual list since 1989.
"It is extraordinary how people have seen their fortunes being whittled away. It is devastation all round."
The global financial crisis pushed Britain into an official recession in the second half of 2008, with the economy experiencing two successive quarters of economic contraction.
Some of the best-known British-born business figures also took a knock from the sharp economic downturn.
Virgin boss Richard Branson is now worth $2.4 billion after losing $3 billion in the last year.
The list also said Formula One racing chief Bernie Ecclestone lost $1.89 billion this year, leaving him worth $3 billion.
ninemsn and AFP
Kylie Minogue is one of a number of celebrities whose wealth has dwindled thanks to the worldwide recession.
The pop princess, 40, is estimated to have lost about 10 percent of her wealth in the last 12 months, with her net worth shrinking from $83.5 million to $70 million.
Despite the loss, Minogue still placed 46th on a list of the richest musicians in Britain compiled by The Sunday Times.
It was the first time she had made the top 50, showing the recession was clearly taking a toll on a number of her fellow stars.
Minogue's wealth may have dwindled further had she not accepted recent multi-million dollars fees to perform in a Bollywood music clip and a hotel opening in Dubai.
She also sold a property in Melbourne for around $1 million.
The newspaper survey showed Britain's richest people lost 155 billion pounds in the past year, with the nation's number of billionaires sinking from 75 to 43 people.
"I am beyond being surprised, except by the scale of the devastation," said Philip Beresford, who has compiled the annual list since 1989.
"It is extraordinary how people have seen their fortunes being whittled away. It is devastation all round."
The global financial crisis pushed Britain into an official recession in the second half of 2008, with the economy experiencing two successive quarters of economic contraction.
Some of the best-known British-born business figures also took a knock from the sharp economic downturn.
Virgin boss Richard Branson is now worth $2.4 billion after losing $3 billion in the last year.
The list also said Formula One racing chief Bernie Ecclestone lost $1.89 billion this year, leaving him worth $3 billion.
ninemsn and AFP
