The individual who lost the most money this year is Russian energy tycoon Leonid Mikhelson. Mikhelson’s fortune now stands at USD 10 billion, Wealth-X said. The biggest shareholder of natural gas producer Novatek lost USD 7 billion, or 41 per cent of his wealth, in 2014, due to the plummeting Russian currency, weak oil prices and economic sanctions imposed by the West over the Russia-Ukraine conflict.
(In pic) President of Russia Vladimir Putin (left) with Novatek CEO Leonid Mikhelson. (Image: the Presidential Press and Information Office)