Half as many Russian billionaires as last year

It’s hard to be a Russian billionaire these days:

The number of Russian billionaires has halved since last year,
according to an annual ranking by Finans magazine, and the missing
names read like a brief history of the financial turmoil over the past
six months.

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.

Aluminum tycoon and favorite oligarch of the British political elite Oleg Deripaska (pictured) has also apparently lost his spot as Russia’s richest man.

ALEXANDER NEMENOV/AFP/Getty Image

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