In the world of business, there are a few things that are more powerful than money. Influence, for example, can go a long way in getting what you want. And when it comes to money and influence, Russia is a country that is hard to beat. This is because of the Russian oligarchs.
These are the richest people in Russia, and they have a lot of power and influence. In this blog post, we will take a look at the top 10 richest Russian oligarchs!
Who Are The Top 10 Richest Russian Oligarchs?
Russia is a country that is home to some of the wealthiest people in the world. The Russian oligarchs are a group of businessmen who have made their fortunes in Russia’s post-Soviet period. Here is a list of the 10 Russian Billionaires, Private wealth and see how they made their money!
Family Of Alexey Mordashov
Net Worth: $29.1 billion; Wealth Derived From Steel And Investments
Mordashov, who is the richest person and biggest stakeholder of the steel business Severstal and the son of two Soviet steel mill workers, served as CEO for 19 years before resigning in 2015. Since the previous year’s ranking, the stock has increased by 72%, which has helped Mordashov rise from the fourth richest Russian to the top earner in the nation.
Vladimir Potanin
Net Worth: $27 Billion; Wealth Derived From Metals
The controversial “loans for shares” system, which allowed politically connected Russians to take control of state-owned businesses during the nation’s 1990s privatization, is linked to Potanin. His 35% ownership of the Moscow-listed palladium and nickel firm Nornickel is where the majority of his fortune is currently kept.
Vladimir Lisin
Net Worth: $26.2 Billion; Wealth Derived From Steel, Transport
Lisin began his career as a trader for a group of businessmen that eventually dominated Russia’s exports of steel and aluminum. Following the partners’ split in 2000, Lisin purchased a controlling stake in Russia’s publicly traded Novolipetsk Steel.
Vagit Alekperov
Net Worth: $24.9 Billion; Wealth Derived From Oil
Alekperov, a former worker on an oil rig in the Caspian Sea, rose to the position of deputy minister in charge of the Soviet Union’s oil industry before acquiring three sizable state-controlled oil fields and founding Lukoil in the 1990s. About 30% of the publicly traded oil giant is owned by him.
Leonid Mikhelson
Net Worth: $24.9 Billion; Wealth Derived From Chemical, Gas
Together with Gennady Timchenko, Mikhelson owns a stake in the petrochemical firm Sibur as well as the natural gas producer Novatek. He started off as a foreman for a construction firm in Tyumen, Russia, building a gas pipeline.
Gennady Timchenko
Net Worth: $22 Billion; Wealth Derived From Oil, Gas
In addition to Mikhelson, Timchenko also holds stock in the petrochemical manufacturer Sibur Holding and the gas business Novatek. According to rumors, he is close with Vladimir Putin.
Alisher Usmanov
Net Worth: $18.4 Billion; Wealth Derived From Steel, Telecom, Investments
Usmanov first became wealthy by manufacturing plastic bags, which were in short supply in the old Soviet Union. Although he invested in Facebook and the Chinese electronics company Xiaomi early on, his largest holding is a 49% interest in the iron ore and steel tycoon Metalloinvest.
Andrey Melnichenko
Net Worth: $17.9 Billion; Wealth Derived From Coal, Fertilizers
A network of currency exchange booths established in the 1990s was Melnichenko’s first commercial endeavor. He currently holds shares in SUEK, a coal energy company, and Eurochem, a producer of fertilizers.
Pavel Durov
Net Worth: $17.2 Billion; Wealth Derived From Telegram
Durov referred to as the “Zuckerberg of Russia,” launched the social network VK at the age of 22 and made a profit before developing messaging software Telegram in 2013. He has been funding it ever since, but he now wants to make money off the renownedly unpaid and privacy-conscious app.
Suleiman Kerimov & family
Net Worth: $15.8 Billion; Wealth Derived From Investments
Kerimov, a talented economist, made a career investing in faltering Russian companies—until big bets on investment banks before the 2008 financial crisis cost billions of dollars. By putting a gamble on Polyus, the largest producer of gold in Russia, he was able to recover.
Who Are Russia’s Wealthiest Citizens?
Alexey Mordashov, the majority owner of Severstal PJSC, Russia’s fourth-largest steelmaker, is the richest Russian on the list. On February 28, the EU and the U.K. both froze their assets. Two weeks later, both organizations did the same.
Is Putin Wealthier Than Elon Musk?
The CEO of Tesla and SpaceX, whose estimated net worth is $260 billion, is not unaware of his status as the “richest man alive,” according to some estimates. The “richest guy” distinction, in Musk’s opinion, belongs to Russian President Vladimir Putin.
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