Russia ukraine war Russian

Roman Abramovich's fortune fell by 57% to $7.8bn, as the UK government froze more than £18bn of assets belonging to Russians.

He [lost his crown as the world’s richest person](https://www.theguardian.com/technology/2022/dec/14/elon-musk-loses-title-of-worlds-richest-person-to-bernard-arnault) in December to France’s Bernard Arnault, the majority owner and chief executive of the luxury group LVMH. Sanctions have been imposed on 1,271 people – including Abramovich and the “Nickel King” Vladimir Potanin, Russia’s second-richest person – according to [the annual review](https://www.gov.uk/government/publications/ofsi-annual-review-april-2017-march-2018) of the Office of Financial Sanctions Implementation. [in the value of shares](https://www.theguardian.com/technology/2022/dec/09/elon-musk-could-lose-world-richest-person-title-tesla-value-almost-halves-twitter) in his electric car company, Tesla. [the first official total recently revealed](https://www.theguardian.com/world/2022/nov/10/uk-sanctions-18bn-russian-owned-assets-ukraine). [Bloomberg billionaires index](https://www.bloomberg.com/billionaires/). [Ukraine](https://www.theguardian.com/world/ukraine) war – shedding $330m a day since the Kremlin launched its invasion.