Russian billionaires have lost more than $80 billion of their combined wealth since oligarchs have been targeted with sanctions

The country's elite have been hurt by the sanctions imposed by the United States and the European Union.

Russian President Vladimir Putin launched an attack against his country's neighbor, Ukraine.

The billionaires have lost about $83 billion since the start of the war, which accounts for about a third of their wealth, according to CNBC.

At least two Russian billionaires have their yachts seized because of sanctions.

According to Forbes, Germany seized one of the world's largest megayachts belonging to a Russian billionaire who supports Putin.

CNN reported that Sechin's yacht was seized by France on Thursday.

There are at least five superyachts belonging to billionaires who are cruising or anchored in theMaldives, which do not have an extradited treaty with the US.

The war has impacted the lives of billionaires not targeted by sanctions.

The New York Times reported that one of Russia's richest billionaires, Vladimir Potanin, who has links to Putin, does not have any sanctions against him as of Thursday.

Roman Abramovich, the Russian billionaire, announced on Wednesday that he would be selling his soccer club and donating the proceeds to the victims of the war in Ukraine.