Posted on 12/16/2014 1:45:51 PM PST by elhombrelibre
Ouch! Russian billionaires have lost more than $50 billion this year due to the country's unfolding economic nightmare.
Western sanctions, low oil prices and the falling ruble have wiped billions off the wealth of Russia's 15 richest men, according to data from Bloomberg.
The chairman of Russian gas producer Novatek has suffered the biggest losses, seeing his portfolio shrink by an estimated $8.7 billion. That's equivalent to a loss of nearly 50%.
(Excerpt) Read more at money.cnn.com ...
Funny. I don’t see that Putin lost anything.
What happens when Putin gets this kind of hurt put on him by collapsing oil prices????
That makes Putin more aggressive right?
Any chance Soros is betting against?
Pretty safe bet, Soros or not.
When a company loses 8.7 Billion, where does it go?
It will give them the opportunity to buy up what they don’t own already.
Regardless of what you think of Putin, the Russian people are certain the West is waging economic warfare on them. some may blame Putin. Many more will blame the United States. They may hold out a lot longer than Obama and his brain trust imagine.
To the taxpayers for a bailout, right?
I guess that means all those European soccer teams that the Ruskie billionaires own will be in bad shape!
He's lost nothing, we, our stupid congress, has lost their compass.
” When a company loses 8.7 Billion, where does it go?”
Depends on how it is lost.
Yet I'm sure they will still have more money than most here will make in their entire lifetimes.
I'll try to feel sad.
Dobri Ootra. Meena Zavoot is “Neudachnik!” Kak va Zavoot?
(g’morning. My name is ‘loser’ what’s your name?)
signed, Your Pal,
Vlad.
Might add the NBA Brooklyn Nets. My BS meter is clicking as I seriously doubt these Russian oligarchs would have their portfolio in rubles. They stashed their money in US $ or Euros long ago.
With a weak American president (small “p”), Putin will take the resources he needs to bolster his economy. The Japanese entered WWII to achieve the same.
OK, the Novatek guy lost $8.7 Billion, or half his worth. I’m somewhat math challenged, but that tells me he’s still worth $8.7 Billion.
Excuse my heart for not bleeding.
Either CNN is acting their role as useful idiot or they really are just idiots.
The problem most westerners have when looking at the ruble’s value declining is that they only see the decline in dollars. Completely brainwashed, or just hardwired arrogance?
The Russians do not need the US or their client states.
The arrogant US government is building the alliance of willing nations looking to abandon the US dollar and the military terrorism that goes with it.
Hard to believe that a bunch of nerdy numbers kids with calculators on their hip and pocket protectors could morph into such diabolical sociopaths pushing Russia into some sort of showdown.
Will they take it right to the line. Nukes ready to fire.
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