4 Azerbaijanis in Russian billionaires rating list
“The result was predictable for those who follow quotations of the Novolipetsk Metallurgical Works, which he owns, as the company is the basis of his fortune,†the magazine reads. “Over 2010, the price of the company raised by 1.5 times, and even with this package only he could’ve be ahead of Mikhail Prokhorov /22.7 billion dollars/, ranked second, who owns Polyus Gold and Rusal companies.â€
Usmanov ranks third – the Finance Magazine estimates his capital at 19.9 billion dollars.
“It is highly probable that the company may have an IPO in 2011 already, and even the time of spring or autumn was mentioned,†the magazine reads. “Analysts say that Metalloinvest’s capitalisation may exceed 20 billion dollars.â€
Besides, “the timely diversification towards telecommunications and the Internet assets was positive.†The shares of Megafon, which Usmanov got cheaply, ranks second in revenues, leaving Vympelcom behind. Usmanov’s other asset – former DST fund, presently Mail.Ru Group, had a successful IPO in 2010.
As for the capital of Roman Abramovich, whose rank is two positions below the previous, it grew, too, though not so quickly. It made 17.1 billion dollars.
Last lines in the rating are given to former Minister of Communications, a co-investor of the NGI fund, Leonid Reiman, President and owner of the South Urals industrial company Rashid Sardalov, and owner of the Fedcominvest trader Alexei Fedorychev with 4.9 billion dollars.
Finance
UN revises economic growth forecast for CIS countries
EBRD's loan portfolio in Azerbaijan stands at EUR 888 million
Azerbaijan's economic growth is expected to be close to 3% in 2027
Oil price to be USD 65 in next year’s budget
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