Wealth-X just announced its list of the biggest losers this year, proving that even the wealthiest hit rough patches. Russian gas mogul Leonid Mikhelson lost the most, with over 40% of his fortune slipping away between Russia’s struggling economy and weak oil prices. Here are the billionaires who lost the most in 2014: 1. Leonid Mikhelson lost $7 billion. Mikhelson, CEO of Russian gas company Novatek, lost nearly 41% of his $17 billion fortune this year, leaving his current wealth at around $10 billion. His losses stem from a number of factors, including the decline of Russian currency, …read more
Source: Business Insider
