From Reuters:

Russia’s economic slowdown has shredded the net worth of its richest
people by more than 70 percent in the last year and slashed membership
of its billionaires club by two thirds. (…)

“The crisis has affected everyone: financiers and developers,
metallurgists and oil men, consumer goods producers and sellers and the
owners of diversified holdings,” Forbes said in an editorial
accompanying the list.

“Not a single entrepreneur is in a better position than a year ago.” (…)

Hardest hit has been Oleg Deripaska, whose $25.1 billion loss was
equivalent to about a quarter of the cumulative losses of Russia’s 10
richest men. The aluminium tycoon dropped to 10th on the Forbes list
after topping last year’s rankings.

Last 5 posts by Robert Amsterdam

• How Renaissance Capital Survived while Hermitage Was Stolen - November 24th, 2009
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• Energy Blast - Nov 24, 2009 - November 24th, 2009
• Today in Russian Business - Nov 24, 2009 - November 24th, 2009