The unprecedented sanctions introduced against Russian individuals since the beginning of Moscow’s military operation in Ukraine have drastically impacted the list of Russia’s wealthiest people, according to the latest estimates by Forbes.

Moreover, data tracked by the magazine shows that those remaining at the top of the country’s rich list saw their fortunes dwindling.

Alexey Mordashov, the chairman of steel giant Severstal, has led the list of the biggest losers, with his wealth dropping $11.1 billion during 2022 to $18.4 billion.

“Western sanctions have forced many of [billionaires] to bail out their multibillion-dollar empires, while the stock market crash has lowered fortune estimates,” Forbes Russia reported on Tuesday, adding that 68 Russian businessmen, whose capital exceeded $1 billion in December 2022, saw their fortunes fall over the year.

Mordashov was followed by Tatyana Bakalchuk, the CEO of Russia’s largest e-commerce and delivery giant Wildberries, whose fortune nearly halved to $4.7 billion. Tinkoff Bank founder Oleg Tinkov, who revealed that he had renounced his Russian citizenship in October, lost $5.9 billion. His fortune reportedly stood at around $870 million as of the end of last year.

Former owner of the English football club Chelsea, Roman Abramovich, ranks fourth in terms of monetary losses, having said goodbye to some $5.6 billion. Abramovich’s wealth reportedly amounted to $8.7 billion.

The list of Russia’s top ten richest people whose fortunes were hit by the sanctions also includes Lukoil’s ex-boss Vagit Alekperov (down by $5.1 billion to $21 billion), businessman Leonid Fedun (down by $4.2 billion to $7.5 billion), and the president of the Skolkovo Foundation, Viktor Vekselberg (down by $4.1 billion to $5.2 billion).

Those slightly less affected by sanctions included owner of Volga Group Gennady Timchenko (down by $3.97 billion to $20.8 billion), and CEO of Russia’s second largest gas producer Novatek Leonid Mikhelson (down by $3.3 billion to $24.4 billion).

READ MORE:

https://www.rt.com/business/569663-russian-billionaires-fall-forbes/

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MEANWHILE:

How can so many billionaires with bodyguards and the best healthcare just drop dead? Many people are suggesting Russian President Vladimir Putin is involved.

By Carrie Fellner

member of the Russian elite dies in a freak accident? Happenstance. Then another dies in similar circumstances? Could be written off as a coincidence. But a spiralling body count of 23 deaths in less than a year has sparked fears of “enemy action”, as Auric Goldfinger famously put it to James Bond in the classic spy book.

Since late January 2022, Russia’s accident-prone business tycoons are rapidly in danger of becoming an endangered species.

The string of mysterious deaths has attracted global attention, with growing fears sinister forces are at play, even though the deaths have mostly been attributed to misadventure and mental health issues.

The trail of bloodshed, which started shortly before Russian President Vladimir Putin’s invasion of Ukraine, has spanned time zones and continents.

The manner of death has varied from the seemingly straightforward (strokes and suicides) to freak accidents (falling down stairs or from a speeding boat) to the downright bizarre (poisoning from a shaman’s toad venom).

The youngest of the fatalities was 37 and the oldest 73. They have included feared military leaders, billionaire oil and gas oligarchs, top business executives, high-ranking public servants and, the latest, a “sausage tycoon”.

READ MORE:

https://www.smh.com.au/world/europe/how-the-mysterious-deaths-of-23-elite-russians-sparked-a-global-murder-mystery-20221230-p5c9gb.html

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GUSNOTE: IN THE IMAGE AT TOP I MENTION THE BBC... I SHOULD HAVE USED THE SMH, BUT IT IS LESS RECOGNISABLE....