Luxist

The world financial turmoil has led to be a bit of reshuffling in the list of Russia's richest men. The list from Russian financial magazine Finans reveals that Oleg Deripaska, once in the top slot, has fallen to eighth place (he's now worth $4.9 billion) after losing $35 billion and Mikhail Prokhorov now owns that title. Prokhorov was worth $14.1 billion at the end of last year, $200 million more Roman Abramovich, who despite his losses, has held on to the number two slot. The entire list has been cut in half, from 101 to 49.Prokhorov first hit our radar last year when he announced that he was creating a magazine for the rich titled simply Snob. As Businessweek reports, the 43-year-old businessman was formerly major shareholder of Norilsk Nickel, Russia's biggest mining company, but he sold his 25% stake last April for $8 billion which meant that he had cash in hand when the financial crisis hit. 17/07/09