the wes 7,212 Posted February 16, 2009 Share Posted February 16, 2009 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, according to Finans magazine, but his $23bn value is now down to $13.9bn. Russia has been hit hard during the recent financial crisis and several of the country's tycoons have suffered. Last year, American magazine Forbes estimated Abramovich's worth $23.5bn. An updated Forbes list is due in around two months. http://news.bbc.co.uk/sport1/hi/football/t...sea/7892988.stm Link to comment Share on other sites More sharing options...
BlueLion. 21,491 Posted February 16, 2009 Share Posted February 16, 2009 Heard about this this morning. Incredible news - how can you possibly lose such an amount of money?!? I appreciate a lot is spent on wages, but thats ridiculous. Link to comment Share on other sites More sharing options...
warnie_666 1,081 Posted February 16, 2009 Share Posted February 16, 2009 Heard about this this morning. Incredible news - how can you possibly lose such an amount of money?!? I appreciate a lot is spent on wages, but thats ridiculous. Well, its mroe because of the share market in Russia going down. Once it goes up, he will again gain them. That is why he converted some 300 billion USD of the debt to shares. Cus this is the best time to buy them. And once the market improves, the ahres will go up. Link to comment Share on other sites More sharing options...
chrismada9 1,948 Posted February 16, 2009 Share Posted February 16, 2009 Oh dear!! that's not good for us Link to comment Share on other sites More sharing options...
Elliott 7 Posted February 17, 2009 Share Posted February 17, 2009 So he's lost 40% of his vast fortune... Link to comment Share on other sites More sharing options...
Badboy 1,526 Posted February 17, 2009 Share Posted February 17, 2009 WOW ! Link to comment Share on other sites More sharing options...
canadian_bluesfan4life 0 Posted February 17, 2009 Share Posted February 17, 2009 Wait...didnt he get divorced? Link to comment Share on other sites More sharing options...
Jessman 9 Posted February 17, 2009 Share Posted February 17, 2009 Hope the bastard doesnt sell the Blues Link to comment Share on other sites More sharing options...
Cameron 30 Posted February 17, 2009 Share Posted February 17, 2009 ^ He's done a lot for this club... None of it is offical at the moment, so I don't think there is too much to speculate on. Obviously he's lost money due to the crunch, many of his shares will have collapsed etc but it's just to what extent. Link to comment Share on other sites More sharing options...
Steve 10,227 Posted February 17, 2009 Share Posted February 17, 2009 (edited) Oh no how is roman going to suvive with only 13.9 billion.. Edited February 17, 2009 by STEV3O Link to comment Share on other sites More sharing options...
.Cee 50 Posted February 17, 2009 Share Posted February 17, 2009 Wait...didnt he get divorced? Yeah. he did last year. Link to comment Share on other sites More sharing options...
BlueLion. 21,491 Posted February 17, 2009 Share Posted February 17, 2009 Oh no how is roman going to suvive with only 13.9 billion.. Link to comment Share on other sites More sharing options...
Fulham Broadway 17,496 Posted February 18, 2009 Share Posted February 18, 2009 It's only losses on paper though. He's not going to sell his investments, so when the market bounces back (could be awhile) he'll regain the losses which are temporary. Just means he has to tighten his belt a bit, maybe have five instead of six super yachts. Reducing costs at SW6 is small change to what he actually owns, but his ''advisors'', have probably told him to have wholesale cuts on all his assets. Link to comment Share on other sites More sharing options...
We Hate Scouse 10,348 Posted February 19, 2009 Share Posted February 19, 2009 When he first came to Chelsea wasn't he only worth £8-£12billion. Cant remember exactly but im sure it was considerably lower. Link to comment Share on other sites More sharing options...
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