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Under sanctions, Roman Abramovich has seen wealth halved to $7.5 billion

19 7 11

Sanctioned Russian-Israeli oligarch Roman Abramovich has lost around half of his fortune in the past year, according to an updated list of the UK’s richest people issued by The Times newspaper, likely in large part due to Russia’s invasion of Ukraine.

The Times said Abramovich had dropped in net worth from some £12 billion ($15 million) in 2021 to £6 billion ($7.5 billion) in 2022.

Abramovich, the billionaire Russian-Israeli tycoon and owner of Chelsea Football Club, has close ties to Russian President Vladimir Putin. He has been hit hard by Western sanctions since Moscow launched its war against its........

© The Times of Israel

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