Russia's super-rich are super-losers, too

Russia's super-rich are also super-losers in the financial crisis, according to the business magazine Finans, which said yesterday the top 10 wealthiest Russians lost about two-thirds of their fortunes over the past year.

The magazine's annual list of Russia's richest shows them suffering breathtaking losses as the country faces its worst financial crisis in a decade. Oleg Deripaska, who had topped Finans' list in the previous two years, fell to eighth place after losing some 85 percent of his wealth - down to $4.9 billion from $40 billion, Finans estimated.

Mikhail Prokhorov, the playboy metals and banking billionaire, moved up from seventh place to top the list with a fortune of $14.1 billion, down from $21.5 billion a year ago, the magazine said.