|Putin allies Alisher Usmanov, Vagit Alekperov and Vladimir Potanin suffered multibillion dollar losses.|
Ouch! Russian billionaires have lost more than $50 billion this year due to the country's unfolding economic nightmare.
The chairman and largest shareholder of Novolipetsk Steel, and once Russia's richest man, has lost $7 billion, also nearly 50% of his wealth.
The metals magnate owns Russian daily newspaper Kommersant. In 2011, he sacked the editor after he published a picture of a ballot paper with "Putin, go f*!k yourself" scrawled on it in red ink.
The self-made coal and minerals magnate is another Russian billionaire feeling the chilling effect of Western sanctions and falling oil prices. He has lost nearly 40% of his wealth, or about $5.8 billion.
The founder and owner of Russia's biggest food retailer Magnit is down over $5 billion. The soccer enthusiast is famous for pouring more than $250 million into his local Krasnodar club, building an arena and a sports academy.
The chairman of Russian oil giant Lukoil was once a Soviet energy minister.
The investment mogul has watched $3.5 billion evaporate.
The former deputy prime minister is currently the head of the world's biggest nickel producer Norilsk Nickel. His wealth has fallen by $2.8 billion, or about 20%.
Mikhail Fridman's partner in Alfa Bank sold his stake in TNK-BP to Rosneft for $3.3 billion in 2013, according to Bloomberg.
Prokhorov's company Onexim group owns stakes in the Russian banking, energy and mining sectors. He's lost $2.4 billion.