Sunday, September 06, 2009


"The wealth of Russia's richest children, offspring of the super-rich oligarchs, has been shrunk by the credit crunch. Only 54 children now stand to inherit at least $1 billion each, compared with 112 before the crisis. The money the "mini-garchs" could inherit has also shrunk, from a collective $450 billion in 2008 to $107 billion, according to a league compiled by Finans magazine. Top of the list is Yusuf Alekperov, 19, only child of Vagit Alekperov, president of Lukoil, who is worth an estimated $7.6 billion. The children of Roman Abramovich, owner of Chelsea FC, fill the next five places , with $2.7 billion each." (Times, 1 September) RD

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