Roman Abramovich Loses $20 Billion!
Filed under: Chelsea, Roman Abramovich
We have posted a lot on here about Roman Abramovich and how he likes to spend his money. From football, to art, real estate to mega yachts, Abramovich knows how to spend some serious scratch. Looks like some of his free spending ways might start to slow though with reports that the gloabl economic crisis has wiped $20 billion from his personal net worth! Yes, that is $20 billion…gone. It is reported he is still worth an estimated $3.5 billion, but that is a serious amount of evaporated money. At what point will this start to have an effect on the type of money he is putting into Chelsea? You can’t lose that kind of money without taking a hard look at all of your investments.
Oh, and according to Bloomberg, Russian billionaires “have lost more than $230 billion in five months.”Wowzers…
there is going to be a whooole bunch of this the next time any billionaires list comes out since many of the super rich’s wealth is tied up in their respective companies stock. a lot of dudes lost a lot of dough, but I cant feel too bad for them since my 401k has a whole bunch of deflated stock in it too! now excuse me while i go to crush a bottle of scotch
I’m devestated at losing $20.00…
[…] of the Russian oil market (read: connections), you became absurdly, fabulously wealthy. As in, you lost $20 billion when the world collapsed last year and it didn’t really hurt your bottom […]