Billionaires with highest net worth losses in Russia 2021-2022
The net worth loss of Alexey Mordashov, the chairman of the Russian steel and mining company Severstal, neared 16 billion U.S. dollars, making him top the list of Russian billionaires with highest losses in 2022. Vagit Alekperov, the former president of the oil company Lukoil, ranked second. As of April 2022, Russia's billionaires who witnessed most significant shrinkage to their personal fortunes lost a combined 109 billion U.S. dollars as a result of economic and financial sanctions imposed on Russia over its invasion of Ukraine.