Who are the biggest Russian oligarchs? Here’s the list.

0
878

Who Are the Russian Oligarchs?

 

Who are the Russian Oligarchs?

Russia’s richest individuals have lost more than $38 billion in 2022 because of Western sanctions on Russia in reprisal for the invasion of Ukraine.

Together, the top 10 Russian oligarchs have a net worth of $186 billion, equivalent to the market cap of large publicly-traded companies like McDonald’s and AMD.

But who are the Russian ultra-rich? In today’s graphic, we use data from Bloomberg’s Billionaires Index to show Russia’s richest individuals… and how much they’ve lost due to the war so far.

Metals, Art, Luxury, and Sports

The richest person in Russia, Vladimir Potanin, has a 35% stake in Moscow-listed Nornickel.

The company is the world’s biggest producer of palladium, a metal used in vehicle catalytic converters, and also the world’s largest producer of nickel, an essential metal for EV batteries and renewable energy.

Rank Name Net worth USD $ YTD change* Bloomberg List
#1 Vladimir Potanin $25.9B -$5.00B 53
#2 Leonid Mikhelson $22.6B -$9.87B 66
#3 Alexey Mordashov $22.5B -$6.32B 67
#4 Vladimir Lisin $21.6B -$6.44B 69
#5 Alisher Usmanov $19.0B -$2.25B 89
#6 Andrey Melnichenko $17.8B +$0.35B 99
#7 Viktor Vekselberg $16.7B -$1.79B 107
#8 Roman Abramovich $14.1B -$3.90B 132
#9 Mikhail Prokhorov $13.8B -$0.23B 138
#10 Suleiman Kerimov $11.8B -$3.37B 177
Total $185.8B -$38.8B

*Based on Bloomberg Billionaires Index, as of March 24, 2022

Former First Deputy Prime Minister of Russia and a close associate to President Vladimir Putin, Potanin is a major benefactor of the arts. He recently stepped down from the board of the Guggenheim Museum, after 20 years as a trustee.

Arts and luxury are common among the Russian oligarchs.

The Russian ultra-rich are also among the biggest owners of private jets and superyachts⁠—some of which are getting snagged by law enforcement as part of the sanctions designed to crack down on Russia.

The fifth-richest man in Russia, Alisher Usmanov, owns Dilbar, the largest motor yacht in the world by gross tonnage. The boat is 512-feet long and reportedly cost $800 million, employing 84 full-time crew members.

Previous articleSen. Warren Shakes-Up Crypto Regulation World
Next articleBarry Diller Opposes ESG Investing Over “Don’t Say Gay” Bill
Chuck Epstein has managed marketing communications and public relations departments for major global financial institutions and participated in the launch of industry-changing financial products. He also has written by-lined articles for over 50 publications, five books and served as editor and publisher of nation’s first newsletter on the topic of using the PC for personal investing and trading. (“Investing Online, 1994-1999). He also is a marketing consultant, writer and speaker on topics related to investor protection and opportunities in the very dynamic cannabis industry. He has held senior-level marketing, PR and communications positions at the New York Futures Exchange, Chicago Mercantile Exchange, Lind-Waldock, Zacks Investment Research, Russell Investments and Principal Financial. He has won national awards from the Mutual Fund Education Alliance (MFEA) and his web site, www.mutualfundreform.com, was named best small blog in 2009 by the Society of American Business Editors and Writers (SABEW).

LEAVE A REPLY

Please enter your comment!
Please enter your name here