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The 10 richest billionaires in Russia lost $18 billion of their wealth in one day due to the invasion of Ukraine


Russian billionaire Vagit Alekperov Chairman Lukoil in a meeting with President Vladimir Putin
Russian billionaire Vagit Alekperov Chairman Lukoil in a meeting with President Vladimir Putin


The fortunes of the 10 richest billionaires in Russia lost about $18 billion in just one day, coinciding with the  implementation of Russian President Vladimir Putin's threats to attack Ukraine, bringing their total wealth to $216.5 billion, according to Forbes' instant statistics Friday.

The list of the 10 richest billionaires in Russia includes the Chairman of the Board of Directors of the NLMK Group Vladimir Lisin, the Chairman of the Board of Directors of Severstal Alexey Mordashov along with the Chairman of MMC Norilsk Nickel Vladimir Potanin, the largest shareholder of EuroChem Andrey Melnichenko, and the Chairman of the Board of Directors of the Novatek gas company, Leonid Mikhelison. Lukoil Chairman Vagit Alekperov, Volga Group founder Gennady Timchenko, Telegram founder and owner Pavel Durov, Metalloinvest founder Alisher Usmanov, and Chelsea owner Roman Abramovich.

Alekperov is considered the biggest loser among the 10 largest billionaires in Russia, with a value of 3.3 billion dollars, or 18.2% of the total loss, bringing his fortune to 21.3 billion dollars, due to the uncertainty regarding the developments of the invasion and the imposition of Western countries sanctions on Russia despite the increase in the price of crude oil - a source of wealth Alekperov - above $100 for the first time in 7 years.

Durov, who lives in Dubai, is the billionaire least affected, as there has been no change in his net worth, which settled at $ 17.2 billion, and in addition, 116 billionaires in Russia have lost about $ 90 billion since February 16, according to Forbes estimates amid the escalation of the crisis. With Ukraine including a $39 billion loss on Thursday only, after Russia's Moex Index closed 33% lower and the ruble hit a record low against the dollar.

On the other hand, changes in the wealth of the richest billionaires in Ukraine are still unknown due to the cessation of the activity of the PFTS stock exchange after the Russian invasion, noting that the number of the richest Ukrainians reaches 8 billionaires with a total wealth of $ 18 billion, which means that the losses of the richest 10 billionaires In Russia, in just one day, all the rich people of Ukraine equaled.


Here are the changes in the fortunes of Russia's 10 richest billionaires in just one day after the invasion of Ukraine


1. Vladimir Lisin

Net worth: $27.4 billion


Change: $2.2 billion ↓


Source of wealth : steel and transportation


Lisin is the richest person in Russia, despite his wealth declining 7.6% in one day to $ 27.4 billion, and he is ranked 50th in the global ranking of the wealthy. ($2) with the closing of Thursday's trading.

Lisin had started his career in a coal mine in Siberia and then worked in central Russia, and later owned and acquired a majority stake in the Novolipetsk steel plant, and currently owns the First Cargo railway company as well as some ports and shipping companies.


2. Alexey Mordashov

Net worth: $25.8 billion


Change: $3.2 billion ↓


Source of wealth : steel and investments


Mordashov's fortune declined by 11% to $25.8 billion, losing $3.2 billion within one day in conjunction with the Russian invasion of Ukraine. Mordashov owns a majority stake in the steel company Severstal, despite his resignation as CEO in 2015 after a 19-year period.

Mordashov owns about 30% of TUI Group, which specializes in travel and tourism, and the price of Severstal fell by 15.3% on the Russian stock exchange yesterday to 1.18 thousand rubles ($ 14.06), and his Russian company, Power Machines, for energy equipment, was subjected to US sanctions in 2018.


3. Vladimir Potanin

Net worth: $25.7 billion


Change: $2 billion ↓


source of wealth : minerals


Potanin's fortune fell 7.3%, losing two billion dollars in just 24 hours, and his fortune currently stands at $25.7 billion, after the share price of his MMC Norilsk Nickel mining company fell 16.7% to 17.6 thousand rubles (209.1 dollars) at the close of Thursday's trading on the Russian Stock Exchange.

Potanin acquired a stake in Norilsk Nickel during the privatization decisions in Russia in 1995, and currently owns more than 33% of the company. Potanin has stakes in the pharmaceutical company Petrovax Pharm and the Rosa Khutor ski resort, near the city of Sochi.


4. Andrey Melnichenko

Net worth: $25.2 billion


Change: $40 million ↓


Source of wealth : coal and fertilizers


Melnichenko's fortune fell slightly, losing only $40 million of his fortune to $25.2 billion, according to Forbes' real-time statistics on Friday. Melnichenko owns majority stakes in fertilizer producer Eurochem and coal power company SUEK.

Melnichenko's first business was a series of currency exchange kiosks he started in the 1990s, but Melnichenko's companies, which employ more than 100,000 people, have invested $23 billion in fertilizer and coal production over the past 15 years.


5. Leonid Michaelson

Net worth: $24.1 billion


Change: $3.2 billion ↓


Source of wealth : gas and chemicals


The fortune of Michhelson, founder and chairman of the Novatek natural gas production company, declined by 11.7 percent to $24.1 billion in just one day. ).

Mikhelison had bought a 17% stake in the Sibur petrochemical company in 2017 from Kirill Shamalov, the former son-in-law of President Putin, to raise his stake in the company after that to 48%. With President Putin.


6. Vagit Alekperov

Net worth: $21.3 billion


Change: $3.3 billion ↓


Source of wealth : oil


The fortune of Alekperov, the founder of Lukoil, declined by 13.5% to $21.3 billion. Lukoil, of which he owns a quarter, was subjected to US sanctions in September 2014 and Lukoil is the third largest in Russia after state companies Sberbank and Rosneft.


7. Gennady Timchenko

Net worth: $20.3 billion


Change: $3.1 billion ↓


Source of wealth : oil and gas


Timchenko, who has stakes in several Russian companies such as the gas company Novatek and the petrochemical company Sibur, lost $3.1 billion in one day. Timchenko faced US sanctions in 2014 as a result of his close relationship with President Putin. and president of the SKA Saint-Petersburg hockey club.


8. Pavel Durov

Net worth: $17.2 billion


Variation: 0


Source of Wealth: Messaging Apps


Durov's fortune did not change much after the attack on Ukraine to settle at $17.2 billion. Durov is the founder and owner of the messaging app Telegram, which has more than 500 million users around the world.

Durov is known as the Russian Mark Zuckerberg because he also founded Vkontakte, the largest social network in Russia, when he was 22, and in 2015 sold a 12% stake in the network for $300 million.


9. Alisher Usmanov

Net worth: $16.2 billion


Change: $56 million ↓


Source of wealth: steel, communications and investments

Usmanov, who owns a stake in the iron and steel company Metalloinvest, lost $56 million in just one day to a net worth now of $16.2 billion. The 30% stake in Arsenal Football Club for $700 million in 2018.


10. Roman Abramovich

Net worth: $13.3 billion


Change: $1 billion ↓


Source of wealth : steel and investments


Abramovich, who owns stakes in steel company Evraz, Norilsk Nickel and English soccer team Chelsea, lost $1 billion in a day to $13.3 billion in fortune. Abramovich sold a 73% stake in Russian oil company Sibneft to state-owned Gazprom for $13 billion in 2005.

Abramovich's fortune is at risk, especially after Prime Minister Boris Johnson unveiled Britain's largest-ever sanctions package against Russia on Thursday, according to Reuters, targeting banks, members of Putin's closest circle and wealthy Russians in London.



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