• From The BBC:

    The number of Russian billionaires was cut to 49 from 101 in 2008 by the global downturn, according to Russian business magazine Finans.
    Mikhail Prokhorov, 43-year old technology and mining tycoon, tops the rich list with .1bn (£9.9bn).
    He sold most of his assets last year just before the financial crisis.
    Chelsea owner Roman Abramovich is second with .9bn, while last year’s richest Russian, Oleg Deripaska, fell to eighth place with .9bn.
    The financial crisis has cut the combined fortune of the 10 richest Russians by 66% to .9bn, the magazine says.
    Russia, among many other emerging economies, has been hit hard by the global financial and economic crisis after a decade of soaring economic growth.
    The government estimates that growth fell to 5.6% in 2008 from 8.1% a year earlier. In January, Russia’s deputy prime minister said economic growth would be close to zero in 2009.
    Well-timed deal

    A year ago, Mr Deripaska’s fortune was estimated by Finans to be bn, though…

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    Posted by Jon @ 12:50 am

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