Russia’s Wealthiest Lose Billions Due to Ukraine Crisis
(RT) Russia’s wealthiest have lost $32 billion in 2022 with losses projected to increase as the crisis in neighboring Ukraine continues to escalate, with the US and her Western allies mulling new rounds of anti-Russian sanctions.
The net worth of the country’s 23 billionaires currently stands at $343 billion, according to the wealth list, down from $375 billion at year-end.
According to the Bloomberg Billionaires Index, a list of the world’s 500 richest people, Gennady Timchenko, who owns stakes in energy companies as well as other businesses, headed the list of wealthy Russians who have seen their fortunes decline. The billionaire, who derives the bulk of his wealth from a stake in a major Russian gas producer Novatek, has reportedly lost $6.47 billion since the beginning of the year. His fortune currently stands at around $16 billion.
Story posted on RT.com
Comments