These Are The Richest Billionaires In Russia 2024

Russia offers a wide range of chances. Around 117 tycoons contribute significantly to the economy of the country, which is recognized as a superpower. In the next article, we will reveal the identities of the ten wealthiest Russians who have built a vast empire exclusively through their hard work and dedication.The ultra-wealthy in Russia have had a nice year. Despite the weakening Ruble and the danger of US sanctions looming over the country’s economy, Russia’s billionaire class has grown to 117 tycoons (up from 99 last year) with a combined wealth of $584 billion (up from $385 billion).Only ten billionaires account for more than a third of the gains. On the Forbes World’s Billionaires list for 2021, the 10 wealthiest Russians are worth $223 billion, up from $152 billion in 2020. Every single one of them is now wealthier than they were a year ago.Alexey Mordashov is the richest man in Russia, with shares in publicly traded steel and mining giant Severstal and privately owned gold miner NordGold rising as Russia recovered from the Covid meltdown in early 2020.

10. Suleiman Kerimov and Family

$15.8 billion in net worth Investments is the source of information.
Suleiman Kerimov is a qualified economist who has built a living in the investment industry. His current net worth is estimated to be approximately $15.8 billion, making him one of the country’s wealthiest individuals.Kerimov was critically injured after losing control of his Ferrari Enzo on the Promenade des Anglais in Nice, France, on November 26, 2006. As a result of the mishap, he received severe burns.The Russian billionaire, who is known for spending a large portion of his income on parties, has paid for artists such as Christina Aguilera, Shakira, Amy Winehouse, and Jessie J to sing at his events.Kerimov was the owner of Ice, one of the world’s largest private yachts, from 2005 to 2015.
She was built by Lürssen, a German firm, in 2005 and was previously known as Air. [91] Ice can attain a speed of 18.6 knots (33 km/h; 21 mph) and is 295 feet long (90 meters). She was named Superyacht of the Year at the Monaco Yacht Show.

9. Pavel Durov

$17.2 billion in net worth Telegram is the source of this information.
Pavel Durov is also known as Russia’s Mark Zuckerberg. At the age of 22, the business magnate is the brains behind the social networking site VK. Aside from that, he is credited with founding Telegram, a chat service.(born October 10, 1984) is a Russian-born Kittitian and French entrepreneur best known for founding the social networking site VK and later Telegram Messenger. He is Nikolai Durov’s younger brother. The Durov brothers have traveled the world in self-imposed exile[5] as citizens of Saint Kitts and Nevis after being fired as CEO of VK in 2014. As a representative of Finland, Pavel attended the World Economic Forum (WEF) Young Global Leaders in 2017. Durov became a French citizen on August 25, 2021, according to the official French government gazette. His net worth is $17.2 billion as of November 24, 2023.

8. Andrey Melnichenko

$18.4 billion in net worth Steel and Telecom are two of the most common sources of information.
Usmanov is a Russian oligarch with a fortune of $18.4 billion dollars. Usmanov, who is regarded one of Russia’s wealthiest people, has invested in iron ore and steel. He also owns shares in Facebook and a Chinese electronics company, making him one of the country’s wealthiest individuals.EuroChem Group, a fertilizer manufacturer, and SUEK, a coal energy firm, are his primary beneficiaries. In both companies, he serves on the Board of Directors as a non-executive director. Melnichenko’s net worth is expected to be $19.8 billion as of June 12, 2021, according to Forbes (95th in the world, 7th in Russia). Melnichenko’s net worth is predicted to be $17.7 billion as of May 11, 2021, according to Bloomberg Billionaires Index (121st in the world, 10th in Russia).Melnichenko was “too young to benefit from the 1990s privatizations that generated many oligarchs fortunes,” according to Bloomberg. While a physics student at Moscow State University, he began trading currency with two pals after the Soviet Union split apart, and later formed MDM Bank. Melnichenko made a bold move.

7. Alisher Usmanov

$18.4 billion in net worth Steel and Telecom are two of the most common sources of information.
Usmanov is a Russian oligarch with a fortune of $18.4 billion dollars. Usmanov, who is regarded one of Russia’s wealthiest people, has invested in iron ore and steel. He also owns shares in Facebook and a Chinese electronics company, making him one of the country’s wealthiest individuals.Usmanov amassed his fortune from metal and mining businesses, as well as investments, and is the principal stakeholder of Metalloinvest, a Russian industrial conglomerate that merged its assets (the Mikhailovsky GOK and Ural Steel) with those of Gazmetall JSC in 2006. (the Lebedinsky GOK and the Oskol Electrometallurgical Plant).He is the proprietor of the Kommersant publishing firm. He is also a co-owner of MegaFon, Russia’s second-biggest mobile phone operator, and of Udokan Copper, which is developing one of the world’s largest copper mines. Usmanov owns interests in a number of multinational technology companies and is the largest investor in Digital Sky Technologies (“DST”) funds. Eventually, Usmanov teamed up with Yuri Milner.Alisher Usmanov was named one of the five most important individuals in the world in 2013.

6. Gennady Timchenko

$22 billion in net worth Oil and Gas (source)
Gennady Timchenko, who owns a share in the petrochemicals and gas company Novatek, came in second, just ahead of Mikhelson. Timchenko also controls the Volga business and is the head of the Kontinental hockey league. Timchenko has a net worth of $22 billion and is known for his interests in energy, transportation, and infrastructure.Gennady Nikolayevich Timchenko is a Russian tycoon and business magnate worth billions of dollars. He formed and runs the Volga Group, a private investment firm that focuses in energy, transportation, and infrastructure assets. He was previously a co-owner of Gunvor Group.

5. Leonid Mikhelson

$24.9 billion in net worth Gas and Chemicals is the source of this information.
Mikhelson started his work as a foreman at a construction company before going on to build his own empire. Today he is partnered with Gennady Timchenko in companies such as Novatek and Sibur. Natural gas and petrochemicals are his main sources of fortune, and he is one of the country’s top billionaires.Mikhelson is married and lives in Moscow with his two children. Victoria, his daughter, studied art history at New York University and the Courtauld Institute in London. Victoria, the Art of Being Contemporary, is the name of his VAC Foundation.Mikhelson is one of numerous Russian “oligarchs” identified in President Donald Trump’s 2017 Countering America’s Adversaries Through Sanctions Act (CAATSA).

4. Vagit Alekperov

$24.9 billion in net worth Oil as a source
Alekperov began his career as an oil rig worker in the Caspian Sea. His ascent to greatness has been spectacular since then. Before founding Lukoil, Alekperov worked as a deputy minister in charge of the Soviet Union’s oil industry. He now owns 30 percent of the company’s stock.Vagit Yusufovich Alekperov is a Russian and Azerbaijani businessman who is the head of LUKOIL, Russia’s largest oil firm. First Deputy Minister of the USSR’s Oil and Gas Industry. Spartak Football Club is owned by him, and he owns 36.8% of the club. Leonid Fedun is Vagit Alekperov’s business partner.

3. Vladimir Lisin

$26.2 billion in net worth

Steel, Transportation
In the diaspora of Russian billionaires, Vladimir Lisin is another name. When he joined a gang of dealers who dominated Russia’s Aluminum and Steel Exports, he earned his start. Lisin now owns the majority of Novolipetsk Steel and has a net worth of $26.2 billion.Vladimir Sergeyevich Lisin is a Russian business magnate worth billions of dollars. He is the chairman and primary stakeholder of Novolipetsk, one of Russia’s top four steel producers.

2. Vladimir Potanin

$27 billion in net worth

Metals is the source of this information.
Potanin is credited with introducing the “Loan for Shares” strategy, which assisted Russia in gaining control of all state-owned enterprises. While this was back in 1990, Potanin’s current riches is mostly attributable to his 35 percent ownership in Nornickle.Vladimir Olegovich Potanin is a Russian oligarch and businessman. He made his fortune in Russia during the infamous loans-for-shares program in the early to mid-1990s.

1. Alexey Mordashov and Family

$29.1 billion in net worth

Investments and Steel are two sources of information.
Alexey Mordashov has amassed enormous money as a result of his work. Mordashov, the son of two Soviet steel mill workers, was the CEO of Severstal for 19 years. Because of the surge in the company’s shares, Mordashov’s position has risen from fourth to first in the last year, making him one of Russia’s wealthiest people.After graduating from the Leningrad Engineering-Economical Institute with a degree in economics, he joined Cherepovetskiy Metallurgical Plant in 1988. He was promoted to financial director in 1992, just before the company was privatized. When the plant’s elderly director told him he needed to buy shares to keep them out of the hands of outsiders, he founded two investment vehicles and built a large position in the factory by buying up workers’ shares. He was named CEO of the corporation in 1996. He went on to build Severstal, a conglomerate that bought steel, coal, and mining firms.