Abramovich’s net worth ‘drops £650m in a day’ as investors fear Russia invasion

Roman Abramovich’s net worth has reportedly dropped £650million in just one day as Russia’s imminent invasion of Ukraine sparks panic among investors.

Tensions are rising between Russia and Ukraine as the threat of a Russian invasion grows by the day and fears of an invasion are now affecting share prices.

Abramovich is understood to have a total net worth of £10billion, according to Forbes, built from creating and investing in a range of businesses across different sectors in the last three decades.

He has been the owner of Chelsea since the summer of 2003, with the London club winning five league titles and two Champions Leagues since his takeover.

Chelsea owner Roman Abramovich is seen on the stand during the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England.
One of the companies Abramovich owns shares in is Evraz, a steel and mining company which carries out a majority of its operations in Russia.

The value of his stake in Evraz reportedly dropped by 28.6% on Monday as investors fear sanctions will be placed on Russia if they invade Ukraine.

According to reports Evraz’s share price has so far dropped by 29%, causing Abramovich’s net worth to decline by an estimated £650million in a day.

The fall in these share prices has been explained by financial analyst Danni Hewson, who told The Sun: “The new trading week has begun on a bad note across Europe and Asia.

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