Half as many Russian billionaires as last year
It’s hard to be a Russian billionaire these days: The number of Russian billionaires has halved since last year, according to an annual ranking by Finans magazine, and the missing names read like a brief history of the financial turmoil over the past six months. The ranking of Russia’s 400 wealthiest individuals puts the number ...
It's hard to be a Russian billionaire these days:
It’s hard to be a Russian billionaire these days:
The number of Russian billionaires has halved since last year, according to an annual ranking by Finans magazine, and the missing names read like a brief history of the financial turmoil over the past six months.
The ranking of Russia’s 400 wealthiest individuals puts the number of dollar billionaires at 49, down from a record 101 last year and just below the 50 counted in 2006.
In all, the country’s 10 richest people saw their combined wealth shed $75.9 billion since the magazine’s survey last year, as oil prices plunged, financial markets skidded and the ruble fell, Finans said.
Aluminum tycoon and favorite oligarch of the British political elite Oleg Deripaska (pictured) has also apparently lost his spot as Russia’s richest man.
ALEXANDER NEMENOV/AFP/Getty Image
Joshua Keating was an associate editor at Foreign Policy. Twitter: @joshuakeating
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