Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Majority of Russian billionaires see wealth increase in 2023, Bloomberg index shows

The ranking shows 25 Russian billionaires among the world’s 500 most affluent, with a combined wealth increase of $38.575 bn in 2023, despite only three seeing a decrease
Russian billionaire Alisher Usmanov. Credit: TASS
Majority of Russian billionaires see wealth increase in 2023, Bloomberg index shows

The personal fortunes of Russia’s ultra-rich have expanded markedly, even as most oligarchs endure Western sanctions tied to Moscow’s invasion of Ukraine, according to Bloomberg’s latest Billionaires Index.

The Bloomberg list of the world’s 500 most affluent people includes 25 Russian billionaires, with the majority seeing net worth jumps in 2023 rather than declines.

Six Russians currently rank among the top 100 billionaires globally, led by Vladimir Potanin (No. 47), Leonid Mikhelson (No. 52), Vagit Alekperov (No. 62) and Vladimir Lisin (No. 72), Alisher Usmanov (No. 82) and Alexei Mordashov (No. 88) – each richer by over $2 billion this year.

In total, Russian elite wealth has climbed $38.575 billion since 1 January, per the index. Only three billionaires’ wealth dropped, contrasting with widespread economic stagnation domestically.

The gains compound estimations that Russian oligarchs have enabled President Vladimir Putin’s war effort through steel and weapons production as well as other defense industry support.

In August, LRT reported that at least 82 Russian oligarchs are linked to the Russian army’s business operations or contribute to supporting the war in Ukraine.

Bloomberg’s No. 72 billionaire Vladimir Lisin reportedly supplied steel used in Russian nuclear munitions in 2022.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts