Russian Oligarchs Losing A Ton In Financial Meltdown (SLIDESHOW)

01/03/2009 05:12 am ET | Updated May 25, 2011
  • Kamelia Angelova Business Sheet

In the past decade, while you were trying to survive the dotcom collapse and $4 gas, commodity-owning Russia was getting rich (well, some Russians, anyway). Moscow became a city of billionaires, and a year ago, these young, impossibly wealthy moguls were taking over the world.

And now? They're still dynastically wealthy, of course. But they've taken it on the chin. In fact, by some estimates, the Russian oligarchs have lost more than $230 billion in the past six months. Some are even reaching for Putin's modest $50 billion bailout wad. (And getting it.)

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