Russian billionaires lost 27% of their wealth over the past year

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Russian billionaires lost 27% of their wealth over the past year
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Russians on Forbes' billionaires list have lost on average 27% of their wealth over the past year

Of the Russians on this year's billionaires list, only two are women: Tatyana Bakalchuk, who founded online retailer Wildberries, and Elena Baturina, who set up real-estate developer Inteko.

Forbes published its first index of the world's billionaires in 1987. The list comprised 2,668 entries this year – a reduction of 87 from a year ago – who were worth a collective $12.7 trillion, down $400 billion from the previous year. Tesla CEO Elon Musk ranked top of the list, followed by Amazon founder Jeff Bezos.Sign up for notifications from Insider! Stay up to date with what you want to know.

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