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Page last updated at 14:45 GMT, Monday, 16 February 2009

Abramovich 'suffers 6.3bn loss'

Roman Abramovich
Abramovich has made a loss according to a Russian magazine

Chelsea owner Roman Abramovich has seen his wealth reduced by about $9bn (6.3bn) in the financial crisis, according to a business magazine.

Abramovich held on to second place among Russia's wealthiest people with a fortune of $13.9bn, said Finans magazine.

Last year, American magazine Forbes estimated Abramovich was worth $23.5bn.

Russia has been hit hard during the recent financial crisis and several of the country's tycoons have suffered.

An updated Forbes list is due in around two months.

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see also
Crisis hits Russia's super-rich
16 Feb 09 |  Business
Abramovich 'buys 60m paintings'
19 May 08 |  Entertainment

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