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Happy year for Russian billionaires

Published: 16 April, 2010, 21:44
Edited: 17 October, 2010, 13:00

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TAGS: Russia, Russia and the global economy, Prime Time Russia, Finance


While the incomes of the country's ruling elite have been made public, Forbes magazine has revealed the names of Russia’s 100 richest people.

After a week of financial eye-openers in Russia, it turns out it is not necessary to run the country to get the best salary.

According to Forbes, the wealthiest Russian is the owner of the Novolipetsk Iron & Steel Company (NLMK), Vladimir Lisin, with a fortune valued at $15.8 billion. He is the 32nd richest person worldwide.

Lisin is followed by last year’s list leader, Mikhail Prokhorov, whose fortune is valued at $13.4 billion, and Mikhail Fridman ($12.7 billion).

Roman Abramovich, famous for his football purchases, ranked 4th with $11.2 billion.

Read more about Roman Abramovich on Russaipedia

The first 62 people on the list are billionaires from the Forbes global list published in March.

Widely affected by rising coal prices, the list also includes 11 newcomers, six of whom are associated with the coal industry: Andrey Zubitsky (Koks Group), Mikhail Fedyaev and Vladimir Gusin (Siberian Business Union), Anatoly Skurov, and Vladimir Melnichenko and Valentin Bukhtoyarov (Sibuglemet).

Boris Berezovsky, on the other hand, was not included on the Forbes list for the first time since 2004.

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Meslin October 17, 2010, 12:07
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To Joseph Walker. There is nothing unbearable for me for not being a billionaire. I am not either a good Christian, but I have a conscience and can make the difference between what is acceptable and what is not tolerable. Actually, one billion peoples go to bed hungry(if they have a bed) and 10 000 children die of starvation, every day. If I was a billionaire I will not sleep well. Beside, most billionaires have stolen or exploited other human to be rich. Forbes, like the Nobel Price is a capitalist kiss-ass institution existing to make people dream. In the present time, Russia has the favor. When I was a young man, I remember of the propaganda about the American dream. Result: I went there and stayed 21 years. For me, it was excellent because I had a good trade and worked for the US aerospace industry. Nevertheless, I left for medical reasons (I love the people and the country but hate that crazy system, which betrayed the founding fathers of the USA)...I believe that fortunes should be limited to let us say 100 millions $ (which is already quiet comfortable). All above going to the State for limiting the inequality and for the social programs. This should be a Worldwide law. As far as I am concerned, even if this does not please certain freedom deceitful lovers, being a billionaire when so many other similar creature suffer is indecent. For laugh: If tomorrow I become President of France; a week later there will not be a single French billionaire left, and they will not move out with their money. Sorry Future Generations...Your Friend: Jean-Claude Meslin

joseph walker April 17, 2010, 21:50
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Nothing wrong with Millionaires,because if it gets unbearable if you are poor ,you can always have a revolution.

Meslin April 17, 2010, 12:53
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Do you know how many simple and honest Russian care about those billionaires. Is it not more a sneaky way to make the people envious and more and more slaves of money ? (a capitalists' tricky way to change societies). As far as I am concerned, I prefer my life than Abramovis's or any other oligarch's. Having an army to protect one's life proof how stupid oligarchs can be and what a bad conscience, they have. When our hour to die come; even if we have a 1 meter tick wall to protect ourself, life stop. That is all ! we are dead... Sorry Future Generations ! Sincerely...JCM