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Sanctions are biting, the financial system is increasingly isolated and the currency has plunged in value.
Another of his big investments, in Citigroup, has plunged in value.
And his other major holding -- 100 million shares of the cable programmer Liberty Media Corporation -- has plunged in value 53percentthis yearar.
Crude has plunged in value from $115 a barrel last June to about $55 triggering a massive wave of cost-cutting and job losses by the oil industry.
Administration officials argue that Brazilian economic policies have been fundamentally sound, but the country's currency has plunged in value as investors have grown panicky about coming elections.
Iran's currency, the rial, has plunged in value against the dollar in recent months and on Monday hit a new all-time low.
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This crucial market is moribund now that many of its creations have plunged in value.
But when the bust did arrive, the currencies of those countries would have plunged in value.
Many mortgage securities have plunged in value, forcing large write-offs by financial institutions that own them.
The Warnaco stake was one of several investments by the Bass family that have plunged in value in recent years.
Had its debt been denominated in Greek drachmas, its currency would have plunged in value when the Greek crisis unfolded.
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