Russian Billionaire Abramovich Loses $20 Billion!!!!!!!

Bad news for free-spending Russian billionaire and Luxist mascot Roman Abramovich: he lost a staggering $20 billion over the past few months as Russia's financial markets took a tumble.

The figure was calculated "based on assets excluding property and cash," Bloomberg reports, and it means that Abramovich's net worth is now only $3.5 billion.
He had previously been ranked as the 15th richest man in the world with a fortune of $23.5 billion.

Some other Russian oligarchs have fared pretty poorly as well.
Russia's richest man - formerly anyway - Oleg Deripaska lost more than $16 billion, and Vladimir Lisin lost $22 billion. Overall, Russia's richest men have lost a combined total of $230 billion in five months, Bloomberg notes.

No single man has sufered as much as Indian steel tycoon Lakshmi Mittal, who lost $28 billion as we reported earlier this week.

Still, Abramovich's loss is likely to affect him more as he so
obviously enjoyed spending his immense wealth. So - anyone want to buy a $350 million megayacht?