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Fortunes of richest Russians up by over $18 bln since start of year

01 April 2024 13:46 (UTC +04:00)

The fortunes of Russia's richest businessmen have increased by $18.293 bln since the beginning of this year, according to the Bloomberg Billionaires Index, which is calculated on the basis of the cost of companies’ shares among other things, APA reports citing TASS.

According to Bloomberg Billionaires Index, since January 1, 2024, Andrey Melnichenko, co-founder of the EuroChem and SUEK companies, has earned $5.29 bln bringing his fortune to $24.1 bln. The cost of his cash investments and personal assets is partially based on reports of media outlets and figures provided by representatives of the companies’ press services. The fortune of the main shareholder of Severstal Alexey Mordashov has increased by $3.75 bln to $24.6 bln. The cost of his cash investments is based on the analysis of dividends, insider deals, taxes and market conditions. Chairman of the board of directors of NLMK Vladimir Lisin has earned $2.91 bln, which brings his fortune to $26.9 bln (the cost of his cash investments and personal assets is partially based on the analysis of dividends, insider deals and market conditions).

Shareholder of Russia’s largest iron ore producer Metalloinvest Alisher Usmanov nursed the heaviest losses in the period, with his fortune losing $2.8 bln to $18.3 bln. The value of the billionaire's assets is partially based on reports of media outlets and figures provided by representatives of press services.