Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America ClassifiedsGame Report
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



[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



Recent Soccer America Daily
Video Pick: A big blunder by keeper Bernd Leno     
Bayer Leverkusen goalkeeper Bernd Leno made the most embarrassing blunder of the weekend in a 1-1 ...
U.S. Abroad: Danny Williams scores after 11 seconds    
Danny Williams, who was called into the U.S. squad for the Concacaf Cup, needed only 11 ...
USL: Los Dos knock off Orange County    
Ariel Lassiter scored both goals to lead LA Galaxy II to a 2-0 win over the ...
MLS Weekend: Timbers drop crushing home defeat    
Three days after winning the U.S. Open Cup, Sporting Kansas City traveled to Portland, where it ...
U.S. roster for Concacaf Cup    
Jurgen Klinsmann named his roster for the next Saturday's USA-Mexico game for the Concacaf Cup at ...
Concacaf Olympic Qualifying: Day 3    
Canada remained alive in Olympic men's qualifying with a 3-1 win over Panama, which for the ...
What They're Saying: Cuba U-23 coach Raul Valentin    
"For me, what's important is the players who are here. The players who have gone, they've ...
What They're Saying: FIFA statement    
"On a joint decision it was agreed to postpone the UEFA-FIFA challenge 2015, which had been ...
FC Kansas City rains on Seattle's NWSL parade again    
The Seattle Reign FC ran away with the NWSL Shield in 2014 (by 13 points) and ...
Video Pick: A bizarre penalty-kick infraction     
The Asian Champions League brings us this extraordinary penalty-kick call, in which Salmeen Khamis of UAE ...
>> Soccer America Daily Archives