Russia is a land of diverse opportunities. The country which is regarded as a superpower has around 117 tycoons who have a stark contribution to the economy. In this blog below, we will unravel the names of the 10 wealthiest Russians who have amassed a great empire solely through their dedication and hard work.
Alexey Mordashov and Family
Net Worth: $29.1 billion
Source: Investments and Steel
Alexey Mordashov is someone who has gained immense wealth through his efforts. The son of two Soviet-Steel Mill Workers, Mordashov served as the CEO of Severstal for 19 years. Due to the rise in stocks of the company Mordashov’s position has also propelled from number 4 to number 1 since last year, making him one of the richest Russians.
Net Worth: $27 billion
Potanin is credited for bringing the “Loan for Shares” scheme, which helped Russia gain control of all state-owned companies. While this was way back in 1990, most of the wealth Potanin has today is due to being a 35% stakeholder in Nornickle.
Net Worth: $26.2 billion
Source: Steel, Transport
Vladimir Lisin is another name in the diaspora of Russian Billionaires. The man got his start when he joined a group of traders who dominated Russia’s Aluminum and Steel Exports. Today Lisin has a majority of stake in Novolipetsk Steel and a total net worth of $26.2 billion.
Net Worth: $24.9 billion
Alekperov started his career by working at oil rigs in the Caspian Sea. From then on his journey towards excellence has been phenomenal. Alekperov also served as a deputy minister overseeing the oil industry in the Soviet Union before setting Lukoil. Today he owns 30% shares of the company.
Net Worth: $24.9 billion
Source: Gas and Chemicals
Mikhelson began his career as a foreman in a construction company before he went on to congregate an empire of his own. Today he is partners with Gennady Timchenko in companies such as Novatek and Sibur. His main source of wealth comes from Natural Gas and Petrochemicals which has made him one of the top billionaires in the country.
Net Worth: $22 billion
Source: Oil and Gas
Finishing close behind Mikhelson is Gennady Timchenko, who is also a stake owner in petrochemicals and Gas company Novatek. Timchenko also serves as the chairman of the Kontinental hockey league and also owns the Volga group. Known for his investments in energy, transport, and infrastructure, Timchenko has a net worth of $22 billion.
Net Worth: $18.4 billion
Source: Steel, Telecom
Usmanov is a Russian oligarch who today has a net worth of $18.4 billion. Also, considered one of the richest persons in Russia, Usmanov has invested his stake in iron ore and steel. Apart from that he also invests in Facebook and the Chinese Electronics Firm making him one of the richest people in the country.
Net Worth: $17.9 billion
Source: Coal and Fertilizers
Andrey Igorevich Melnichenko is a billionaire, industrialist, and philanthropist. His first started in the business world with a chain of currency-exchange booths. Today his net worth is accounted around $17.9 billion with stakes in Eurochem and Coal Energy company.
Net Worth: $17.2 billion
Pavel Durov is also known as the Zuckerberg of Russia. The business magnate is the main brain behind the social networking site VK at the age of 22. Apart from that, he is also credited for launching the messaging app Telegram.
Suleiman Kerimov and Family
Net Worth: $15.8 billion
Suleiman Kerimov is a trained economist who has made a career out of investments. His current net worth is around $15.8 billion making him one of the richest persons in the country.
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