Russian sanctioned oligarch Roman Abramovich's wealth drops by more than 50% to $7.8 billion in 2022. It is reported by Bloomberg.

A year ago, his fortune was estimated at $ 18 billion, he ranked 260th in the Bloomberg Billionaires Index.. Abramovich lost the most out of about two dozen Russian billionaires.

“In aggregate, the wealth of Russian billionaires has decreased by almost $95 billion this year,” the publication emphasizes..

According to the Forbes rating of Russian billionaires, Abramovich was ranked 17th with a fortune of $6.9 billion..

Businessman is under EU and UK sanctions due to Russian aggression in Ukraine. At the end of May, Abramovich is not the owner of the London Chelsea club. The club has moved into a consortium that includes American businessmen Todd Boely and Mark Walter, Swiss billionaire Hansjorg Vis and investment company Clearlake Capital.

Abramovich also has four superyachts stuck in Turkey. They have been there since the sanctions on the yachts of Russian businessmen began to arrest around the world.

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In July 2022, OCCRP released an investigation stating that the companies of Russian oligarch Roman Abramovich have been financing the Russian army for more than 10 years..