Most wealthy people in Russia have been affected by the depreciation of the ruble. Although many wealthy people have transferred their assets in advance, there is no way for the wealthy people to transfer their industries in time.
After the conflict broke out between Russia and Ukraine, Russia's own economy was also affected to a certain extent because Russia was sanctioned by all parties. Under such circumstances, the Russian ruble plummeted by more than 20% in a short period of time, and even tended to continue to plummet. The Russian stock market also experienced a single-day drop of about 50%, which directly caused the wealth of Russia's richest people to shrink by more than 70 billion US dollars that day!
1. The Russian ruble has depreciated sharply.
Due to the crisis in Russia and Ukraine, the Russian ruble has depreciated sharply. Although Russia has stepped in to rescue the market, it can only be of little help. Russia has raised the ruble deposit interest rate to 20% to deal with the depreciation of the ruble. Nonetheless, the personal wealth of most of Russia's richest people has also been severely affected.
2. Nearly a hundred rich people in Russia have been affected.
The number of rich people in Russia is very large, and the number of super rich people has reached more than 100. It was precisely because Russia's stock prices plummeted by about 50% in one day that the wealth of these rich people increased by US$70 billion that day. At the same time, many of the properties of Russia's richest people were unable to be transferred in time, which directly caused their asset prices to plummet further.
3. The wealth of Russia’s richest people is further shrinking.
Although the personal assets of these rich people have plummeted, their wealth will shrink further. Because many industries in Russia are restricted and there is no way for this industry to be transferred abroad in time, the personal worth of the rich may be further reduced.
After this, some people predict that the wealth of Russia's rich people may shrink by more than 80%, which will directly lead to the loss of many people's lifelong efforts!