Share

Russian tycoons lose millions

Cape Town - Chelsea owner Roman Abramovich and Arsenal shareholder Alisher Usmanov both lost a fair chunk of their fortunes this week due to the economic decline in Russia, reports Football411.

The Russian rouble is currently at its lowest value in over a decade, partly due to trade sanctions and the on-going production of cheap oil in Saudi Arabia.

Bloomberg's Billionaires index reported that a total of £5.53 billion was surrendered by 15 Russian billionaires in the space of just 48 hours, Abramovich and Usmanov amongst them.

It has cost Abramovich £287m while Usmanov lost £516m, although their net worth still sits at £8.18 billion and £8.57 billion respectively.

Monaco supremo Dmitry Rybolovlev was another to be hit in the pocket after he lost £95.9m, leaving his net worth at £6.26 billion.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
loading... Live
Lions 0
Titans RSA 0
Voting Booth
Should the Proteas pick Faf du Plessis for the T20 World Cup in West Indies and the United States in June?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes! Faf still has a lot to give ...
50% - 5 votes
No! It's time to move on ...
50% - 5 votes
Vote
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE