Bad news for free-spending Russian billionaire and Luxist mascot Roman Abramovich: he lost a staggering $20 billion over the past few months as Russia's financial markets took a tumble. The figure was calculated "based on assets excluding property and cash,"Blo****erg reports, and it means that Abramovich's net worth is now only $3.5 billion. He had previously been ranked as the 15th richest man in the world with a fortune of $23.5 billion.
Some other Russian oligarchs have fared pretty poorly as well. Russia's richest man - formerly anyway -Oleg Deripaska lost more than $16 billion, and Vladimir Lisin lost $22 billion. Overall, Russia's richest men have lost a c****ined total of $230 billion in five months, Blo****erg notes.
No single man has sufered as much as Indian steel tycoon Lakshmi Mittal, who lost $28 billion as we reported earlier this week.
Still, Abramovich's loss is likely to affect him more as he so obviously enjoyed spending his immense wealth. So - anyone want to buy a $350 million megayacht?