Pursuits
Russian Richest Lost $13 Billion as Global Stocks Fell
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The world’s 300 wealthiest people lost a combined $44.4 billion yesterday as global stocks tumbled the most in a month and the ruble dropped to an all-time low amid Russia’s growing military presence in Ukraine.
The day’s biggest losers were Gennady Timchenko and Leonid Mikhelson, who fell a combined $3.2 billion after OAO Novatek slumped almost 18 percent, according to the Bloomberg Billionaires Index, a daily ranking of the richest people on Earth. The two billionaires own almost half of Russia’s largest gas producer after Gazprom OAO.