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: Michael Garcia    
"It is the lack of leadership on these issues within FIFA that leads me to conclude ...
Video Pick: Player loses his wig!    
The 19-year-old defender Baily Cargill was one of the top rated players for second division Bournemouth ...
MLS Trade Central: Wednesday's deals    
MLS and Chivas de Guadalajara reached an agreement regarding Mexican star Erick "Cubo" Torres, who played ...
NASL will open 2015 spring season on April 4    
The North American Soccer League will open its fifth season with the first week of the ...
Las Vegas gets its soccer stadium, too    
It isn't every day that two cities pass measures to build soccer stadiums. Hours after the ...
U.S. Abroad: Midweek Hot (and Cold) List    
John Brooks scored his first goal of the Bundesliga season for Hertha Berlin to open the ...
Road to Vancouver: More to Brazil than Marta    
Marta, whose magnificent performance powered Brazil past the USA Sunday at the Torneio Internacional da Brasilia, ...
TV Report: Fox plans unprecedented coverage    
The 2015 Women's World Cup will receive unprecedented coverage on Fox as it will air 16 ...
Klinsmann red-carded in starring role against Germany    
Jonathan Klinsmann's first international match against Germany, the country his father, Jurgen, played for and coached, ...
Olsen sees new D.C. stadium as one piece of grand plan    
He's D.C. United through and through, so head coach and former player Ben Olsen knows better ...
>> Soccer America Daily Archives