Recession wearing on Russia’s richest
The global financial crisis has cost the 100 richest Russians billions of dollars in declining assets in the past year, Forbes magazine said Friday.
A year ago, the total wealth of the 100 richest people in the country was tagged at $552 billion, RIA Novosti reported. Currently, their value is pegged at $142 billion.
Oleg Deripaska, the head of holding company Basic Element, led the list of Russians whose value has plummeted with a loss of $25.1 billion.
Deripaska, worth $28.6 billion a year ago, is now worth $3.5 billion. During the year, the number of Russian billionaires fell from 110 to 32.
The wealthiest Russian is now Mikhail Prokhorov. The owner of Oneksim Group is now worth $9.5 billion, the report said.