Changing fortunes

It was an up-and-down week for Russia's oligarchs. A good one for Roman Abramovich (worth $5.7 billion, according to Forbes), who bought himself the ultimate bauble, a sports team: London's Chelsea Football Club.

Not so good for Mikhail Khodorkovsky ($8 billion) of the giant Yukos group, who was questioned by state prosecutors investigating corruption. And downright terrible for Platon Lebedev ($1 billion), head of Khodorkovsky's finance arm Menatep, who was arrested on fraud charges in connection with the privatization of a fertilizer plant in 1994. Khodorkovsky, Russia's richest man, was questioned in connection with the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!