Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Abramovich loses almost $10 billion
February 17th, 2009 7AM
Subscribe to Soccer America Daily

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: Jurgen Klinsmann    
"This is a little bit like two years ago. We talked about that with the Ghana ...
USL Rewind: Louisville City short-circuits Battery    
Charleston's home unbeaten streak dating back 29 games over more than two years ended Saturday when ...
Copa Countdown: Argentina threatens pullout; Navas out    
There's good news and bad news for fans hoping to see Lionel Messi play for Argentina ...
Draw: 2016-17 Scotiabank Concacaf Champions League    
MLS's Sporting KC and the Vancouver Whitecaps will meet in the group stage of the 2016-17 ...
By the Numbers: MLS home and away, best and worst    
What They're Saying: Security analyst Alejandro Hope    
"Alan Pulido was victim of the most inept kidnappers on the planet or there is something ...
MLS Power Rankings: Rapids still first, Philly now third    
Colorado, Philadelphia and the Red Bulls maintained their good form as the Copa America Centenario break ...
NASL Rewind: Red cards fly as Cosmos stay on top    
Defending champ New York Cosmos took a big step toward winning the NASL spring title, which ...
U-17 WWC: USA to face Paraguay, Ghana and Japan    
The draw for the Jordan-hosted 2016 U-17 Women's World Cup (Sept. 30-Oct. 21) took place on ...
NWSL Rewind: Thorns draw without stars; scoring down    
Sunday's Cascadia match between the Portland Thorns and Seattle Reign drew 18,114 fans on Sunday afternoon ...
>> Soccer America Daily Archives