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
Video Pick: The Bundesliga's Top 5 golazos     
The German Bundesliga's 23rd game day lived up to the league's reputation as the Europe's highest ...
Region IV teams sweep ODP titles again     
For the second straight year, Region IV teams won all four ODP Championships. Cal South took ...
What They're Saying: Sinisa Mihajlovic    
"Let's be clear. I didn't take his neck, I took his shirt, pushed his chest and ...
Johnson hits Gladbach winner; no stopping Tijuana    
Fabian Johnson scored his first goal since moving to third-place Borussia Moenchengladbach in its 2-0 victory ...
2015 MLS Preseason Action    
Preseason play wrapped up Saturday with the Houston Dynamo (Carolina Challenge Cup), New York Red Bulls ...
MLS: Projected opening day lineups    
MLS is slated to start its 20th season on Friday when the defending champion LA Galaxy ...
Gallardo shines as U.S. U-17s rout Cuba     
Joe Gallardo, who suffered a broken shinbone last August, scored a hat trick as the USA ...
Garber: 'Nobody's looking for a work stoppage'    
Speaking at the MIT Sloan Sports Analytics Conference in Boston on Friday, MLS commissioner Don Garber ...
What They're Saying: Univision's Juan Carlos Rodriguez    
"If the rights are already fixed, there's little incentive to FIFA to award 2026 to the ...
2015 MLS Preseason Action    
The MLS preseason wraps up on Saturday with 18 of 20 teams in action, all but ...
>> Soccer America Daily Archives