Russia-Ukraine War: Russian billionaires paid the price for Putin's insistence, costing $ 83 billion

Russia-Ukraine War: Russian billionaires paid the price for Putin’s insistence, costing $ 83 billion

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new Delhi. attack on UkraineRussia-Ukraine War) to President Vladimir Putin (Vladimir PutinAfter the decision of ) Russia is facing sanctions on many fronts. Due to this not only the economy of Russia (Russian Economy) but business is also being affected. The downtrend in the stock markets there continues. Due to this the billionaires of Russia are facing huge losses. The situation is that there is a huge decline in their properties (Russian Ultra Rich Wealth Wipeout) has arrived.

According to the Bloomberg Billionaires Index, the total wealth of Russia’s billionaires, who are among the world’s top 500 rich, has fallen by $ 83 billion so far. The main reason for this is the stock markets of Russia (Russian Share Market) has a steep decline. The market fell so much that Russia’s central bank had to stop trading.

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50% drop in companies listed in London

The report states that the US (America), Britain (Britain), European Union (European UnionRussia’s shares of Russian companies listed in London, which are facing all-round sanctions from many countries, saw a fall of more than 50 percent. Among the companies whose shares fell, gas producer Novatek (Novatek) to the steel production company Severstal (Severstal) are included.

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These billionaires were also banned

The European Union, angered by the attack on Ukraine, included metal tycoon Alisher Usmanov, Alfa Group owners Mikhail Fridman and Petr Aven and steel magnate Alexei Mordashov. has been banned. It has also affected the assets of Putin’s longtime spokesman Dmitry Peskov and some senior military officials.

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Damage to the wealth of these billionaires

Lukoil PJSC chairman Vagit Alekperov’s net worth has declined by about $ 13 billion.
– Gennady Timchenko’s wealth has decreased by $ 10.6 billion.
Fellow Novatek shareholder Leonid Mikhelson has lost $10.2 billion.
Abramovich has suffered a loss of about $ 5 billion.
Apart from this, the wealth of many other Russian billionaires has also gone down significantly.

Tags: Billionaires, Economy, Russia ukraine war

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