Friday, September 11, 2009

Russian billionaires: nyet on commodities, yes on golf

Sept. 9 (Bloomberg) -- Oleg Deripaska isn’t letting $20 billion of debt handicap his golf game.

Like fellow Russian billionaires Roman Abramovich and Vladimir Potanin, the 41-year-old golf enthusiast amassed, and then lost billions of dollars on commodities. They now are turning to their hobbies as one way to help rebuild fortunes ravaged by Russia’s worst economic decline on record.