Connect with us

Hi, what are you looking for?

Chelsea fans have been told to stop singing Roman Abramovich's name during matches

English Premier League

Abramovich loses £6billion following sanctions and share losses, drops 20 places on UK rich list

Chelsea owner and Russian steel magnate Roman Abramovich’s has lost £6.1billion dropping him 20 places from his 2021 ranking to 28th on this year’s Sunday Times Rich List of the UK’s wealthiest 250 people.

The oligarch is the biggest loser of all in this year’s Rich List despite still having a £6billion worth, the Sunday Times said.

The plummet in Mr Abramovich’s fortunes followed his being sanctioned over the war in Ukraine, the enforced sale of Chelsea and the sharp fall in his shares in steel company Evraz.

The Premier League club is expected to be sold in late May, after £4.25bn deal to purchase it was agreed with a consortium led by American businessmen Todd Boehly.

Another notable billionaire with ties to Russian President Vladimir Putin whose fortunes have suffered since sanctions were imposed, if not so dramatically, is Uzbek-born Russian oil oligarch Alisher Usmanov.

His estimated worth dropped by £3bn to £10bn, falling from sixth to 11th place.

Credit: BBC Sport

You May Also Like

African Cup Of Nations

The Black Stars’ appearance in the 2021 edition will be their 23rd time and they will be keen to end their long awaited drought...

Boxing

The British Boxing Board of Control (BBBofC) issued a memo today stating that they are “not considering applications for any Ghanaian boxers.” This means...

Boxing

Ghanaian boxing legend, Azumah Nelson has been rated above Manny Pacquaio and just below Floyd ‘Money’ Mayweather in the list of the five greatest...

Boxing

Carl Lokko, the man they affectionately call Osu Lion lived up to the warrior name after dispatching off big foe, Ishmael Benjamin Coffie AKA...