Russia's richest entrepreneurs have lost more than $28 billion since the beginning of the year

Russia's wealthiest entrepreneurs have lost over $28 billion since the beginning of the year

Russia's richest businessmen have lost a combined total of more than 28 billion dollars in wealth since the beginning of this year. The largest decline was recorded by the president of Norilsk Nickel, Vladimir Potanin. His wealth decreased by 8.1 billion dollars over the year, standing at 21.6 billion dollars. This was reported in data covering the end of October from the Bloomberg Billionaires Index ranking.

According to the ranking, second place among Russian billionaires whose wealth shrank the most was taken by the founder of the Onexim group, Mikhail Prokhorov. His funds decreased by 4.86 billion dollars, dropping to 10.8 billion dollars. In third place is one of the founders of Alfa Group, Mikhail Fridman. His wealth contracted by 3.8 billion dollars to stand at 10.4 billion dollars.

The Bloomberg Billionaires Index is calculated based on the value of shares in companies in which the billionaires hold stakes. For some companies, capitalization is taken into account based on the EBITDA metric or the price-to-earnings ratio per share. The ranking covers the world's 500 richest people.

The top ten Russian billionaires who lost the most wealth are as follows:

Vladimir Potanin — lost 8.1 billion dollars. Current wealth — 21.6 billion dollars.

Mikhail Prokhorov — lost 4.86 billion dollars. Wealth — 10.8 billion dollars.

Mikhail Fridman — lost 3.8 billion dollars. Wealth — 10.4 billion dollars.

Andrey Melnichenko — lost 2.8 billion dollars. Wealth — 17.4 billion dollars.

Pavel Durov — lost 2.61 billion dollars. Wealth — 12.1 billion dollars.

Leonid Fedun — lost 1.96 billion dollars. Wealth — 8.63 billion dollars.

Vladimir Lisin — lost 1.75 billion dollars. Wealth — 21.2 billion dollars.

Leonid Mikhelson — lost 1.14 billion dollars. Wealth — 23.8 billion dollars.

Alisher Usmanov — lost 914 million dollars. Wealth — 17.3 billion dollars.

Alexey Mordashov — lost 515 million dollars. Wealth — 27.8 billion dollars.

Thus, the billionaire whose wealth shrank the least was Alexey Mordashov. Although the owner of Severstal saw his wealth decrease by 515 million dollars since the beginning of the year, he remains one of the richest among Russian billionaires with a capital of 27.8 billion dollars.