Roman Abramovich did not see his fortune fall by some £650m in a single day, contrary to earlier reports suggesting investors feared the Chelsea owner's investments could be impacted by the situation between Russia and Ukraine.
Abramovich has a significant shareholding in Evraz, a mining company listed on the London Stock Exchange, and the company's share price has fallen of late.
However, while earlier reports attributed the drop to concerns about rising tensions between Russia and Ukraine, the change in share price has been put down to the demerger of the Raspadskaya coal business, which was proposed in documents dated December 2021.
