Bjorgulfur Gudmundsson, the latest victim of the fallen banks in Iceland

gudmundur-gudmundssonThe former majority owner of Landsbanki (parent to Icesave), West Ham and Samson holding has filed for bankruptcy. This is by far the biggest of its kind in the history of Iceland, just over 95 billion ISK, almost 500 million pounds. His assets have as good as disappeared since the fall of the banks last year. In 2007 Gudmundsson, who was born in 1941, was considered the richest man in Iceland and was on the top 800 list of the richest men in the world according to Forbes. Gudmundsson’s bankruptcy is bigger than Kevin Maxwell’s, son of Robert Maxwell, Britain’s biggest bankrupt.

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