Russian riches escalate, posting a $20 billion increase since year-end, according to Bloomberg.
In the latest update to the Forbes billionaires list in April 2022, 15 new Russian billionaires made their debut. While the specific details about these newcomers were not extensively covered in the available data, we have gathered information about some of the notable additions.
Alexei Mordashov, the main beneficiary of Severstal, saw a significant increase in his wealth, with a net worth of $28.6 billion, making him the second richest Russian according to Forbes. Leonid Mikhelson, the Chairman of the Management Board of PAO NOVATEK, also experienced a substantial increase, now worth $28.4 billion, placing him third.
Viktor Vekselberg, Chairman of the Board of Directors of Renova Group, saw a $3.02 billion increase, now worth $10.3 billion. Andrei Melnichenko, founder of EuroChem and SUEK, also experienced growth, with a $294 million increase, now worth $20.5 billion.
Among the newcomers, Suleiman Kerimov, an entrepreneur and member of the Federation Council, had a $2.60 billion increase, now worth $9.64 billion.
It is worth noting that the number of Russian billionaires saw a 4.7% increase in 2022, adding about five new billionaires that year. However, the majority of the richest Russian billionaires in 2022, such as Vladimir Lisin, Vladimir Potanin, Vagit Alekperov, Leonid Mikhelson, and Alexey Mordashov, were longstanding figures rather than “new” billionaires added in April 2022.
The list of Russian billionaires in 2023 rose again by six to total 76 dollar billionaires, but specific names of newcomers in April 2022 are not identified.
Despite the lack of detailed information about the new Russian billionaires added in April 2022, the available data shows a gradual growth in the number and wealth of Russian billionaires over the years 2022–2025. However, more recent and specific information about these new billionaires may become available in the future.
In the realm of personal-finance and wealth-management, these new Russian billionaires, such as Suleiman Kerimov, experienced significant increases, with Kerimov's worth growing by $2.60 billion in 2022. Investing in businesses, like Renova Group for Viktor Vekselberg and entities like EuroChem and SUEK for Andrei Melnichenko, seems to have added to their wealth. The flow of finance in the Russian business sector has resulted in a steady rise in the number and wealth of Russian billionaires over the years 2022–2025.
