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
The Good, The Bad and -- the Beyonce    
[UEFA CHAMPIONS LEAGUE] Fans and celebrities alike were treated to a fantastic UEFA Champions league game ...
What They're Saying: Bruce Arena    
"First of all, we haven't won anything, so right now we don't stack up with anybody. ...
Report: Ownership group primed to buy LA team    
[MLS SPOTLIGHT] The ownership group that's almost certain to acquire Chivas USA from MLS and move ...
'Clinical' PSG punishes Barca weaknesses    
[UEFA CHAMPIONS LEAGUE: Tuesday] No Zlatan Ibrahimovic? No Thiago Silva? No problem for Paris St. Germain ...
USL PRO final outdraws college football in Sacramento    
[SOCCER ON THE AIR] Saturday's USL PRO final won by Sacramento Republic FC averaged a 1.6 ...
Klinsmann has lots of choices for October friendlies    
[USA MEN] The pair of international friendlies against Ecuador Oct. 10 and Honduras Oct. 14 should ...
Where to Watch European Soccer    
Here are 329 places Soccer America readers recommend where you should go to watch soccer for ...
Soccer America Men's Top 25    
[COLLEGE RANKINGS] Defending champion Notre Dame is back on top in the Soccer America Men's Top ...
Soccer America Women's Top 25    
[COLLEGE RANKINGS] Despite its 1-1 tie at Arizona State, defending champion UCLA held on to the ...
Mario Goetze's beautiful backward nutmeg on Brecko    
[VIDEO PICK: Skills] Mario Goetze, Germany's World Cup final hero, not only has a nose for ...
>> Soccer America Daily Archives