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View Full Version : Roman Abramovich loses $20 billion amid financial crisis


MBX
Dec 28, 2008, 07:30 PM
Heh. How can he lose that much within a few weeks? Was it linked to his stocks or??

http://www.luxist.com/2008/12/28/abramovich-cancels-aspen-new-years-bash/

Abstract
Dec 28, 2008, 07:35 PM
Few weeks? Similar story. (http://www.luxist.com/2008/10/10/abramovich-loses-20-billion/)

JNB
Dec 28, 2008, 07:43 PM
He only "lost" it if he tried to cash out. Otherwise, he hasn't lost a dime.

MBX
Dec 28, 2008, 07:46 PM
He only "lost" it if he tried to cash out. Otherwise, he hasn't lost a dime.

Yeah but how come he didn't take it off when he probably knew about the financial crisis rising. And what about his remaining $3+ billions, might go south too. Who knows if it all will come back again.

Not pitying him at all though.

Silencio
Dec 28, 2008, 08:06 PM
Heh. How can he lose that much within a few weeks? Was it linked to his stocks or??


Seen what's happened to the price of a barrel of oil over the past six months? There's your answer.