Credit crunch hurts even the wealthiest

These are painful times for India's tycoons, the Forbes Asia Rich List said recently.

A falling stock market, a weak rupee and slowing economic growth have shaved about 60 percent off the wealth of India's 40 richest people, it said in its annual compilation, with their net worth plunging to $139 billion from $351 billion a year ago.

No small change that, and it's got to hurt.