Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Abramovich loses almost $10 billion
February 17th, 2009 7AM

MOST READ

MOST COMMENTED

[SIGN OF THE TIMES] According to Finans, a Russian business magazine, Chelsea owner Roman Abramovich has lost almost $10 billion in the economic collapse, but such have been the losses of Russia's oligarchs that Abramovich is still second on the list of Russia's most wealthy individuals with assets valued at $13.9 billion.

Russia has been hard hit in the economic downturn -- in particular the drop in oil prices. Another Russian billionaire, Arsenal shareholder Alisher Usmanov, has fared only slightly better than Abramovich, losing $8.8 billion and seeing his wealth fall to $4.5 billion. He was still in good enough a position to increase his stake in Arsenal to above 25 percent and hold the most powerful position in the club.

Oleg Deripaska, who was Russia's richest man last year with assets of $40 billion, lost $35.1 billion and fell to eighth place on Russia's rich list.

The number of Russian billionaires dropped from 101 in 2008 to 49 in 2009, and those 49 lost a combined $151 billion.

Experts predict that Russia's poorly run and undiversified economy will be in for even harder times in the future.



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
What They're Saying: Louis van Gaal     
"We have to prepare for the season and when you have a lot of commercial activities ...
Six EPL clubs in action on U.S. soil on Wednesday    
[INTERNATIONAL FRIENDLIES] No less than eight international matches will be played on Wednesday. Manchester United and ...
Fire and Quakes need points in Yallop homecoming    
[MLS: Week 20] Ten league matches are sprinkled over the next six days to accommodate a ...
What They're Saying: Jason Ader    
"The second mouse gets the cheese. This is not something that will happen overnight." -- Gaming ...
2014 W-League All-League Team    
[AWARDS] Two midfielders from the regular-season champion LA Blues -- Mele French and Sarah Killion -- ...
The Chicago Daily News    
[THE PITCH] The relocation of U.S. women's national team star Christen Press from Sweden to the ...
Pep Guardiola: Julian Green deserves Bayern shot    
[AMERICANS ABROAD] On a Bayern Munich team featuring six German World Cup champions, plus a host ...
Squads picked for Denmark and Mexico tourneys    
[USA UNDER-17 MEN] U.S. under-17 men's national team head coach Richie Williams named two rosters for ...
A sweet side-volley from Berbatov    
[VIDEO PICK: Golazo] Bulgarian Dimitar Berbatov's latest spectacular goal provided the gamewinner for Monaco over Colombia's ...
What They're Saying: Neymar    
"I think Brazilian soccer is behind. It's behind Germany and Spain. We've slipped behind and we ...
>> Soccer America Daily Archives