Russia's richest people lose $16 billion in one day
The combined net worth of Russia's 27 wealthiest people plunged by $16 billion on Monday. This comes after the US imposed sanctions against 24 Russian oligarchs and officials, including President Vladimir Putin's former son-in-law Kirill Shamalov. The world's second largest nickel producer Norilsk Nickel's CEO Vladimir Potanin lead the decline as his fortune fell by $2.25 billion.