Russian model Alisa Krylova canceled her order for the latest Mercedes, spent New Year's in Moscow rather than skiing in the Alps and now employs Russian staffers rather than foreigners.
The former Mrs. Russia and Mrs. Globe beauty pageant winner is among Russia's superrich, but even she and many of her wealthy friends are feeling the pinch from the economic crisis.
Driven into "a kind of hibernation," they are steering clear of celebrity parties and trimming spending to make up some of the millions lost to a weak ruble and a falling stock market.