Support The Moscow Times!

Russia’s Top 5 Earners Amass Extra $26.9Bln in 2019 – Forbes

Vladimir Potanin Sergei Karpukhin / TASS

Five Russian gas, oil and metals magnates ended the year as the country’s biggest earners with a collective $26.9 billion haul, Forbes Russia reported Thursday. All five individuals are among Russia’s 6 richest people.

Here is how much Russia’s biggest movers earned in the last 12 months, according to Forbes.

     1. Vladimir Potanin, +$7.8 billion.

Russia’s sixth-richest person with a net worth of $23.8 billion, according to Forbes Russia. He increased his fortune by one-third over the past year, in part thanks to a 30% stake in the world’s biggest refined nickel and palladium producer, Norilsk Nickel.

     2. Leonid Mikhelson, +$5.9 billion. 

Russia’s richest person with a net worth of $27 billion. He is a shareholder in the Novatek private gas producer and Sibur Russia’s largest petrochemicals company.

     3. Vagit Alekperov, +$5.3 billion.

Russia’s third-richest person with a net worth of $23.8 billion. He is the head of Russia’s second-largest oil producer Lukoil, whose stocks have rallied for three years in a row.

     4. Gennady Timchenko, +$4.1 billion.

Russia’s fifth-richest person with a net worth of $22.7 billion. A shareholder in Novatek, Sibur, as well as the engineering construction company in oil and gas Stroytransgaz.

     5. Alexei Mordashov, +$3.8 billion. 

Russia’s fourth-richest person with a net worth of $20.2 billion. He made most of his fortune from the steelmaker Severstal and has expanded his holdings to European tour operator TUI and Russia’s supermarket chain Lenta.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.