Russia-Ukraine Conflict: 22 billionaires of Russia are listed in the Bloomberg Billionaires Index, out of which the wealth of 21 decreased on Thursday.
Russia-Ukraine Conflict: The war between Russia and Ukraine is causing economic setbacks around the world and Russia is no exception. According to the Bloomberg Billionaires Index, a list of top billionaires around the world, the wealth of Russia’s rich decreased by $ 3900 million (Rs 2.93 lakh crore) in just one day. The wealth of Russian oligarch Vladimir Potanin, one of the top rich who dominated Russia’s economic policies, also decreased by about $ 300 million (Rs 22.6 thousand crore). His net worth is around $ 2610 million (Rs 1.96 lakh crore). Potanin was the first Deputy Prime Minister of Russia.
The Bloomberg Billionaires Index compiles a list of the 500 richest people around the world and this list is updated every day. In this, 22 billionaires of Russia are listed, out of which the wealth of 21 decreased on Thursday. Only one entrepreneur and philanthropist Andrey Melnichenko’s wealth increased by $100 million (Rs 752.84 crore).
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- Apart from Potanin, Russian steel company Severstal chairman Alexei Mordashov and multi-national oil company LUKOIL chief Vagit Alekperov also saw a sharp decline in their assets. Mordashov’s wealth decreased by $ 416 million (Rs 31.3 thousand crore) and Alekperov’s wealth by $ 616 million (Rs 46.4 thousand crore).
- Due to the dispute between Russia and Ukraine, Alekperov lost the most wealth and his wealth remained at $ 1300 million (Rs 97.8 thousand crore). On Thursday, LUKOIL’s shares were down about 33 percent.
- After Alekperov, Mordashov suffered the most. His company’s shares are listed on the Moscow Exchange and the London Stock Exchange and fell about 36 percent, leading to a steep fall in Alekperov’s net worth.
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The fifth biggest fall in Russia’s stock market history on Thursday
At the close of the market on Thursday, Russia’s Benchmark MOEX Russia index cleared 33 percent of the shareholders’ capital, or $ 18.9 thousand crore (Rs 14.3 lakh crore). In local currency terms, it was the fifth biggest fall in Russia’s stock market history and according to Bloomberg, for the first time since Black Monday in 1987, the stock market suffered a setback of more than $ 5 trillion (Rs 3.76 lakh crore). Russia’s currency ruble also fell to a record low of 89.60 rubles against the dollar. However, there was some recovery in the market and the ruble on Friday.
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