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
Real Salt Lake forges forward in wake of Plata injury    
A good season ended badly for RSL, which has cut loose several veterans as it reboots ...
Video Pick: Journeyman hits volley golazo off corner kick    
Victor Curto Ortiz, a 32-year-old Spaniard who 11 years ago played for Barcelona's reserves and has ...
USA's 2016 Olympic building blocks take shape    
The U.S. national team that faces Chile on Wednesday includes a mixture of World Cup veterans ...
Philly fans crying out for sustained success    
By nailing down three veterans whose combined ages top the century mark, the Philadelphia Union is ...
MLS Trade Central: Busch returns to Chicago    
The Chicago Fire signed free agent Jon Busch, who finished the 2014 season with San Jose ...
U.S. U-18 boys heading to Copa Chivas    
The U.S. U-18 men's national team, which ended 2014 splitting a two-game series with Germany, will ...
Four newcomers join U-17 residency program     
Coach Richie Williams' spring semester roster of 28 players for the U.S. under-17 residency program in ...
What They're Saying: Sunil Gulati     
"We're going through the FIFA process and hope to have Gedion eligible by March or April. ...
MLS Trade Central: Oduro moves to seventh club    
The Montreal Impact continued to deal as it acquired Ghanaian forward Dominic Oduro from Toronto FC ...
What They're Saying: Pachuca's Marco Garces    
"We keep scouting the U.S. and send scouts every so often and one of them came ...
>> Soccer America Daily Archives