Russian billionaires’ fortune up by $18 billion

The total fortune of the richest Russian businessmen during three months of 2024 increased by $18.293 billion.

The fortune of co-founder of EuroChem and Siberian Coal Energy Company (SUEK) Andrei Melnichenko greatly increased by $5.29 billion to $24.1 billion. The biggest losses were suffered by founder of USM Holdings, Alisher Usmanov, whose fortune decreased by $2.8 billion to $18.3 billion, according to the Bloomberg Billionaires Index (BBI).

The top 10 richest Russians are as follows:

Vladimir Potanin $31.8 billion

Potanin is the president of Norilsk Nickel, the world's largest producer of high-grade nickel.

As of April 1, 2024 :

Last change +$39.7 million ( +0.1 per cent)

YTD change +$768 million ( +2.5 per cent)

Vladimir Lisin $26.9 billion

Lisin is the chairman of Novolipetsk Steel, Russia's largest steelmaker.

As of April 1, 2024 :

Last change -$53.7 million ( -0.2 per cent)

YTD change +$2.91 billion ( +12.2 per cent)

Leonid Mikhelson $26.7 billion

Mikhelson is the chief executive officer of Novatek, the largest non-state-owned natural gas provider in Russia.

As of April 1, 2024 :

Last change +$157 million ( +0.6 per cent)

YTD change -$747 million ( -2.7 per cent)

Vagit Alekperov $26.4 billion

Alekperov is a shareholder of Lukoil, the publicly traded oil and gas company that reported revenue of $86.3 billion in 2023.

As of April 1, 2024 :

Last change +$24.4 million ( +0.1 per cent)

YTD change +$1.79 billion ( +7.3 per cent)

Alexey Mordashov $24.6 billion

Mordashov is the largest shareholder of Severstal, Russia's fourth-biggest steelmaker.

As of April 1, 2024 :

Last change -$140 million ( -0.7 per cent)

YTD change +$3.75 billion ( +17.9 per cent)

Andrey Melnichenko $24.1 billion

Melnichenko is the founder of EuroChem, a producer of mineral fertilizers and agricultural products, and Suek, Russia's largest supplier of thermal coal.

As of April 1, 2024 :

Last change +$90.8 million ( +0.5 per cent)

YTD change +$5.29 billion ( +28.1 per cent)

Alisher Usmanov $18.3 billion

Usmanov owns 49 per cent of USM, a Russia-based investment group that controls Metalloinvest, Russia's largest iron ore producer, and MegaFon, a Moscow-based telecommunications company.

As of April 1, 2024 :

Last change +$214 million ( +1.0 per cent)

YTD change -$2.80 billion ( -13.3 per cent)

Mikhail Prokhorov $17.1 billion

Prokhorov founded Onexim Group, a Moscow-based company with interests in banking and insurance.

As of April 1, 2024 :

Last change +$100 million ( +0.6 per cent)

YTD change +$1.38 billion ( +8.8 per cent)

Mikhail Fridman $13.5 billion

Fridman is the largest shareholder of Alfa Group, an investment company that owns stakes in Alfa Bank, Russia's fifth-biggest bank, and X5, a Russian food retailer.

As of April 1, 2024 :

Last change -$30.3 million ( -0.3 per cent)

YTD change +$1.21 billion ( +9.8 per cent)

Gennady Timchenko $12.7 billion

Timchenko controls Volga Group, a Russia-based company with interests in energy, transportation and construction.

As of April 1, 2024 :

Last change +$72.4 million ( +0.5 per cent)

YTD change -$1.45 billion ( -10.3 per cent)

According to a ranking by the Chinese Hurun research institute, published in March, six more billionaires appeared in Russia over the past year. So, Russia remained in the top 10, ranking seventh with 76 billionaires. The authors of the rating also note the growing “migration of billionaires”. The US, the UK, Switzerland and Singapore are among the most preferred countries.