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Fortunes of richest Russians up by over $10.4 bln since start of year — Bloomberg

In the meantime, the fortune of the former beneficiary of EuroChem Andrey Melnichenko (146th spot) decreased by $506 mln to $12.6 bln

MOSCOW, March 1. /TASS/. The fortunes of Russia's richest businessmen have increased by more than $10.4 bln since the beginning of this year as of March 1, according to the Bloomberg Billionaires Index released on Wednesday. In particular, the index is calculated on the basis of the cost of companies’ shares.

According to Bloomberg Billionaires Index, since January 1, 2023, head and majority owner of Lukoil Vagit Alekperov (91st on the list) has earned $2.43 bln bringing his fortune to $17.8 bln. The fortune of the main shareholder of Severstal Alexey Mordashov (78th spot) has grown by $1.54 bln and reached $20.2 bln. The value of the cash assets of these two Russian businessmen is based on an analysis of dividends, insider trading, taxes and market conditions. The fortune of Chairman of the board of directors of NLMK Vladimir Lisin (76th spot) increased by $905 mln in the reporting period to $20.8 bln.

Head of Nornickel Vladimir Potanin (rated 44th), the richest Russian billionaire, lost $94.2 mln, with his fortune estimated at $28.5 bln, according to Bloomberg Billionaires Index. Novatek CEO Leonid Mikhelson (54th spot) earned $516 mln and his fortune now amounts to $25.1 bln. The value of the billionaire's investments and personal assets is based in part on local media reports and figures provided by his press representatives.

In the meantime, the fortune of the former beneficiary of EuroChem Andrey Melnichenko (146th spot) decreased by $506 mln to $12.6 bln. After being included on the EU sanctions list on March 9, 2022, Melnichenko withdrew from the Board of Directors of EuroChem and from the company’s beneficiaries.

Bloomberg has been publishing its Billionaires Index since March 2012. It includes information about the fortunes of the 500 richest people on the planet.

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