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
Johnson scores again in Champions League    
Fabian Johnson scored in his second straight game for Borussia Moenchengladbach in the UEFA Champions League ...
Coach Michelle French names 20 for U-20 Women's World Cup qualifying    
Eight collegians and 12 youth club players comprise Coach Michelle French's roster for the U-20 Women's ...
MLS preseason returns to Tucson in 2016    
Ten MLS teams will take part in preseason training in Tucson, Arizona, where the 2016 Desert ...
Ellis calls up Colaprico and Lavelle for first time    
U.S. women's national team coach Jill Eilis called in 28 players -- 20 who went to ...
What They're Saying: Chris Dangerfield    
'We used to go to movies, have cups of tea, strange things you do when you ...
What They're Saying: Tim Leiweke    
"I think we have found a site. It's probably different than what people think we're doing, ...
Video Pick: How Ronaldo gets treated by customs     
Cristiano Ronaldo doesn't seem to have a difficult time getting through customs, as demonstrated by this ...
NASL's Jacksonville banks on Tony Meola    
Hall of Fame goalkeeper Tony Meola, whose previous coaching experience since retiring as a player in ...
Video Pick: Messi proves he's fully recovered    
Lionel Messi, out of Barcelona's starting lineup for two months because of a knee injury, scored ...
Red Bulls' success nets Marsch Coach of the Year honors    
Inexperienced head coaches don't often flourish in MLS, yet in just his second season as a ...
>> Soccer America Daily Archives