In Pics | Russian billionaires’ wealth crunch amid Ukraine-Russia crisis

Businessmen in Russia have seen a sharp decline in their wealth ever since their country started attacking Ukraine on February 23. In mere two weeks of the Russia-Ukraine war, the net worth of these big business tycoons witnessed a dip of $88 billion on the Bloomberg Billionaires Index as of March 3, 2022. Here we take a look at the ultra-rich Russians whose wealth tanked amid the Russia and Ukraine crisis.

Businessman Vagit Alekperov, who is the president of Russia's second-largest oil producer, Lukoil, was the biggest loser in the Russia-Ukraine crisis. Nearly 60 per cent of his personal wealth has been swiped off in less than two weeks. Credit: Lukoil

Russian mining magnate, Alexey Mordashov, who has close ties with Russian President Vladimir Putin, has lost nearly 21 per cent of his personal wealth since February 23, 2022. Credit: Reuters Photo

One of Russia's richest men, Gennady Timchenko, who made a fortune in oil trading, has seen a correction of nearly 30 per cent in his personal wealth. Credit: Reuters Photo

One of Russia’s richest business tycoons, Vladimir O. Potanin, who made his fortune in banking and natural resources, witnessed a fall of approximately 16 per cent on his personal wealth. Credit: Nornickel

Russian billionaire and oligarch, Mikhail Fridman's personal fortune saw a correction of almost 20 per cent since February 23. Credit: Reuters Photo

Russian oligarch and owner of English professional football club, Chelsea, Roman Abramovich's personal fortune dwindled by 13 per cent even since Russia started invading Ukraine. Credit: Reuters Photo