“Russia’s Billionaire Boom: Insights and Stories from Forbes 2023 Ranking”

2023-04-23 06:06:49

Russia has 110 billionaires, according to Forbes Russia, 22 more than last year. AOverall, their wealth has grown considerably.They are at the head of a fortune estimated at 505 billion dollars, once morest 353 billion last year. The list of Russian billionaires would have been longer if five billionaires had not renounced their Russian citizenship.

Several explanations: Forbes finalized its 2022 ranking at the start of the war in Ukraine, “ the Russian market was frozen “and forecasts” catastrophic “. Since then, the conflict and punishments drove up commodity prices.

An overall fortune lower than that of pre-war

The oligarchs took advantage of this, especially Andrei Melnichenko, at the top of the ranking. Wealth of this tech tycoon more than doubled to over $25 billion. Oil, steel and nickel tycoons also recouped their fortunes.

Among the new names on the list, personalities from the pharmaceutical sector, mass distribution or evenin construction, a sign that domestic demand has remained strong despite the sanctions.

That said, more than a jump, it’s a rebound and the overall fortune of Russian billionaires remains lower than before the war. In 2021, they had over $600 billion.

1682235645
#Russian #billionaires #fortunes #grow

Photo of author

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

“China Increases Train Trips for Busy Labor Day Holiday Travel – Find Out the Latest News Here”

“OL vs OM: Everything You Need to Know – TV Schedule, Probable Lineups and Match Preview”

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.