CurlyDarling
09-07-2009, 08:36 PM
Andy Potts
Being born with a silver spoon in your mouth may not be all it's cracked up to be as under-fire oligarchs are forced to sell off the family silver before the eyes of their heirs.
Just ask Oleg Deripaska's offspring Pyotr and Marina, who have seen their likely wealth plummet from $20 billion to $2.45 billion as daddy's metals empire eroded in the crisis.
That slump saw them drop out of the top 10 rich kids list, as calculated by Finans magazine.
In Moscow, the daughters of Mayor Yury Luzhkov and construction queen Yelena Baturina slipped from the charts altogether - along with 58 of the 112 infants on last year's list - as their likely legacy slumped to a mere $500 million following the loss of six out of Baturina's $7 billion.
Top of the pops is now LUKoil's Vagit Alekperov, who is set to pass on $7.6 billion to his son Yusuf. A year earlier, with an estimated estate of $13.5 billion, Yusuf was down in third place but since then the economic slowdown has enabled him to at least pick up prestige as his prospective fortune dwindled.
Meanwhile the Abramovich household - with five heirs and a sixth on the way - could be the scene of internecine squabbles. At present the five children are worth $2.78 billion each, though that is likely to drop pro rata when Daria Zhukova gives birth later this year.
Third on the list is a mystery: RIA Novosti reports that the three children of Novolipetsk Steel boss Vladimir Lisin are entirely unknown, with their dates of birth and even their genders a closely-guarded secret. Yet Finans has awarded them an estate of $2.57 billion apiece.
Compared with 2008, the number of billionaire children has fallen by more than half. Meanwhile their net worth has slumped from $450 billion to $107 billion.
But as Russia's children, rich or poor, returned to school last week, there were two new kids in the megabucks class. Appearing on the register for the first time are Vlad and Dmitry Sedykh, sons of United Metallurgy Company co-owner Anatoly Sedykh. They broke the $1 billion threshold and reached $1.25 billion.
Moscow News
Being born with a silver spoon in your mouth may not be all it's cracked up to be as under-fire oligarchs are forced to sell off the family silver before the eyes of their heirs.
Just ask Oleg Deripaska's offspring Pyotr and Marina, who have seen their likely wealth plummet from $20 billion to $2.45 billion as daddy's metals empire eroded in the crisis.
That slump saw them drop out of the top 10 rich kids list, as calculated by Finans magazine.
In Moscow, the daughters of Mayor Yury Luzhkov and construction queen Yelena Baturina slipped from the charts altogether - along with 58 of the 112 infants on last year's list - as their likely legacy slumped to a mere $500 million following the loss of six out of Baturina's $7 billion.
Top of the pops is now LUKoil's Vagit Alekperov, who is set to pass on $7.6 billion to his son Yusuf. A year earlier, with an estimated estate of $13.5 billion, Yusuf was down in third place but since then the economic slowdown has enabled him to at least pick up prestige as his prospective fortune dwindled.
Meanwhile the Abramovich household - with five heirs and a sixth on the way - could be the scene of internecine squabbles. At present the five children are worth $2.78 billion each, though that is likely to drop pro rata when Daria Zhukova gives birth later this year.
Third on the list is a mystery: RIA Novosti reports that the three children of Novolipetsk Steel boss Vladimir Lisin are entirely unknown, with their dates of birth and even their genders a closely-guarded secret. Yet Finans has awarded them an estate of $2.57 billion apiece.
Compared with 2008, the number of billionaire children has fallen by more than half. Meanwhile their net worth has slumped from $450 billion to $107 billion.
But as Russia's children, rich or poor, returned to school last week, there were two new kids in the megabucks class. Appearing on the register for the first time are Vlad and Dmitry Sedykh, sons of United Metallurgy Company co-owner Anatoly Sedykh. They broke the $1 billion threshold and reached $1.25 billion.
Moscow News