Russians on Forbes billionaires list lost $263 billion since last year

Russian oligarchs on Forbes’s 2022 World Billionaires List have lost over a quarter of their wealth as the cost of sanctions on Russia takes its toll.

The 83 Russian billionaires, including businessman Vladimir Lisin and Roman Abramovich, the owner of the Chelsea Football Club in Britain, among others on the list, lost a collective $263 billion in wealth compared to less than a year ago, according to Forbes. More than 30 Russian billionaires have dropped off the list.