India's First International News Journal

12.7 C
Los Angeles
Monday, March 20, 2023

Russian tycoons have lost $67 billion since the start of the war

Since Russia invaded Ukraine more than a year ago, the 23 richest Russians have lost $67 billion.

After the invasion, the United States, the European Union and the United Kingdom imposed sanctions on Russia, which proved costly for wealthy Russians.

The 23 Russian billionaires, who were among the top 500 richest people in the world, have lost $67 billion this year.

Bloomberg explains this and says that the person who lost the most is Alezey Mordashov, who is the main shareholder and chairman of Severstal, which is the largest steel producer and the largest mining company in the country. He lost $6.7 billion. Yet he is not desperate as his wealth is estimated at around $140 billion.

Next in the list of those who lost the most is Vladimir Lisin, who is the chairman of the board of directors of the steel company Novolipteskt. He lost $5.8 billion. But like Mordashov, he is not at a crossroads as his assets are valued at $144 billion.

But not all rich Russians have lost money since the start of the war. For example, Andrey Gurvey has added about two billion dollars to his assets, but he is the main owner of PhosAgro, which sells fertilizers.

For latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and also on Twitter.
Click here to show your support.
News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on

Public Reaction



Read More