Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World 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
Klinsmann: 'We did a lot of good stuff'    
The USA's 3-2 loss at Denmark on Wednesday gives Coach Jurgen Klinsmann's team a post-2014 World ...
TV Report: ESPN3 will air 120-plus NASL games    
ESPN3 will carry a minimum of 120 North American Soccer League games during the 2015 season, ...
Road to Russia: Heroics from U.S. collegians and prep star    
Heroics by a pair of former U.S. college goalkeepers highlighted the start of the long World ...
MLS Week 4: Vancouver loses Manneh for Timbers' match    
Vancouver will be without young Gambian star Kekuta Manneh for Saturday's Cascadia Cup game against Portland ...
French Guiana stuns Honduras in Gold Cup playoff    
Not so fast yet on that USA-Honduras match to open the Gold Cup. French Guiana, which ...
World Cup on ESPN garners six Sports Emmy nominations    
ESPN received six Sports Emmy Award nominations for its coverage of the 2014 World Cup from ...
Rewind: Breaking down the USA's late-game collapses    
The USA continued its recent trend of late collapses with the worst one of all, blowing ...
Video Pick: Too much celebration proves costly    
Players from Mozambique club Ferroviario Maputo celebrated so much after scoring against Zambia's K-Stars they weren't ...
What They're Saying: Jason Kreis    
"I'm a huge fan of Xavi Hernandez. I think he would be a huge player in ...
Tulsa brewer handcrafts Roughnecks Pale Ale    
The USL's Tulsa Roughnecks will offer Roughnecks Pale Ale, brewed by Tulsa-based craft brewer Marshall Brewing ...
>> Soccer America Daily Archives