Russian billionaires have collectively increased their wealth by $22.5 billion since the beginning of 2024, according to the latest data from the Bloomberg Billionaires Index.
The index, which tracks the world’s 500 richest individuals, currently includes 22 Russian billionaires whose combined net worth reached $317.7 billion as of Monday.
Metals magnate Vladimir Potanin maintained his position as Russia’s richest individual, adding $3.82 billion to his fortune this year, bringing his total net worth to $31.7 billion. He was followed by Lukoil founder Vagit Alekperov, whose wealth rose by $561 million to $25.9 billion. Mining tycoon Vladimir Lisin retained third place despite a $1.62 billion drop, leaving him with $24.2 billion.
Fertilizer mogul and AS Monaco football club owner Dmitry Rybolovlev saw the steepest decline, losing $1.77 billion and falling to $9.21 billion in net worth—placing him among the five lowest-ranked Russian billionaires on the list.
Tatiana Kim, Russia’s wealthiest woman, lost $597 million, ranking 21st among Russian billionaires with a fortune of $6.77 billion. Just below her was metals tycoon Iskander Makhmudov, whose net worth surged by $3.61 billion to $6.74 billion, making him one of the top gainers this year.
Other notable increases included Alisher Usmanov, who gained $3.7 billion to reach $16.9 billion—making him the seventh-richest Russian—and Senator Suleiman Kerimov, who added $3 billion to reach $10 billion. Industrialist Viktor Vekselberg’s wealth rose by $2.25 billion to $9.54 billion, while tech entrepreneur Pavel Durov, founder of Telegram, added $2.03 billion, ranking 10th with a net worth of $13 billion.
Rounding out the top five richest Russians were Novatek chairman Leonid Mikhelson, whose wealth rose by $860 million to $23.2 billion, and industrialist Alexei Mordashov, who slipped slightly with a $598 million loss, bringing his total to $22.6 billion.
Despite ongoing international sanctions and economic pressures, Russian billionaires have seen significant gains in 2024, driven by strong performances in energy, metals, and tech sectors.
