Biggest billionaire losers in Crimea crisis

The crisis in Ukraine is understandably causing panic in that country and concern in Europe and the United States. Political upheaval destabilizes governments and wreaks havoc on financial markets.
 
Bloomberg Businessweek reports that markets around the globe reacted to the crisis by falling as the crisis escalates. The business news service also reports it wasn’t just the markets that took a hit; billionaire plutocrats also lost big.
 
Of the top five billionaires who have lost money since the Russians went into Crimea, four are Russian, who have lost $13 billion. The fifth? Bernard Arnault, chairman of Louis Vuitton, the favorite luxury brand of oligarchs.

Read more from Bloomberg Businessweek.