Billionaire lost 40% wealth after divorcing Putin's daughter

Russia's youngest billionaire Kirill Shamalov has reportedly lost almost half of his wealth after divorcing Russian President Vladimir Putin's daughter Katerina Tikhonova. According to Bloomberg, the wealth of the 35-year-old businessman now remains valued at $800 million, almost 40% less than $1.3 billion till last year. Shamalov was earlier linked to Russian socialite Zhanna Volkova.