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The Russian oligarchs hit hardest by Western sanctions

The Russian tycoons who lost billions in 2022
Joint 14. Mikhail Fridman: lost $2.66 billion (£2.19bn)
Joint 14. Mikhail Fridman: lost $2.66 billion (£2.19bn)
Joint 14. Viatcheslav Kantor: lost $2.66 billion (£2.19bn)
Joint 14. Viatcheslav Kantor: lost $2.66 billion (£2.19bn)
13. Leonid Fedun: lost $2.67 billion (£2.21bn)
13. Leonid Fedun: lost $2.67 billion (£2.21bn)
12. Alexander Abramov: lost $2.71 billion (£2.24bn)
12. Alexander Abramov: lost $2.71 billion (£2.24bn)
11. Alisher Usmanov: lost $2.75 billion (£2.27bn)
11. Alisher Usmanov: lost $2.75 billion (£2.27bn)
10. Viktor Vekselberg: lost $3.83 billion (£3.15bn)
10. Viktor Vekselberg: lost $3.83 billion (£3.15bn)
9. Andrey Melnichenko: lost $4.39 billion (£3.61bn)
9. Andrey Melnichenko: lost $4.39 billion (£3.61bn)
8. Victor Rashnikov: lost $5.72 billion (£4.73bn)
8. Victor Rashnikov: lost $5.72 billion (£4.73bn)
7. Suleiman Kerimov: lost $6.23 billion (£5.15bn)
7. Suleiman Kerimov: lost $6.23 billion (£5.15bn)
6. Vagit Alekperov: lost $6.49 billion (£5.37bn)
6. Vagit Alekperov: lost $6.49 billion (£5.37bn)
5. Leonid Mikhelson: lost $7.87 billion (£6.49bn)
5. Leonid Mikhelson: lost $7.87 billion (£6.49bn)
4. Vladimir Lisin: lost $8.26 billion (£6.8bn)
4. Vladimir Lisin: lost $8.26 billion (£6.8bn)
Joint 2. Alexey Mordashov: lost $10.2 billion (£8.4bn)
Joint 2. Alexey Mordashov: lost $10.2 billion (£8.4bn)
Joint 2. Roman Abramovich: lost $10.2 billion (£8.4bn)
Joint 2. Roman Abramovich: lost $10.2 billion (£8.4bn)
1. Gennady Timchenko: lost $10.7 billion (£8.81bn)
1. Gennady Timchenko: lost $10.7 billion (£8.81bn)
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Mikhail Svetlov/Getty Images

The Russian tycoons who lost billions in 2022

Biting sanctions imposed following President Putin's invasion of Ukraine are battering the fortunes of his mega-rich cronies, from Alisher Usmanov to Roman Abramovich. According to the Bloomberg Billionaires Index, Russia's most moneyed fat cats saw their wealth plummet last year by $96.2 billion (£79.6bn), a figure approximately equivalent to the GDP of Cuba or Slovakia.

As new sanctions are announced by the UK and US, read on to see the 15 oligarchs who’ve suffered the most financial pain in the wake of Putin’s invasion, ranked by how much they lost last year according to Bloomberg. All dollar values in US dollars. 

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Daniel Coughlin

24 April 2023

Features

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