Tuesday, February 17, 2009

The number of Russian billionaires has halved since last year

The ranking of Russia's 400 wealthiest individuals puts the number of dollar billionaires at 49, down from a record 101 last year and just below the 50 counted in 2006.

In all, the country's 10 richest people saw their combined wealth shed $75.9 billion since the magazine's survey last year, as oil prices plunged, financial markets skidded and the ruble fell, Finans said.

The magazine's sneak peek at the list, which is to be released Monday, reveals the names that have fallen out of the rankings — a "who's who" list of businessmen whose firms have been making headlines since the global financial crisis hit Russia.

Russian Properties News