Finance Inquirer
No Result
View All Result
Tuesday, July 8, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Business

Russians on Forbes’ billionaires list have lost on average 27% of their wealth over the past year

Tom Hagler by Tom Hagler
06.04.2022
in Business
Russians on Forbes’ billionaires list have lost on average 27% of their wealth over the past year
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

According to Forbes, Alexei Mordashov had the biggest drop in wealth at $15.9 billion while Vladimir Potanin lost 36% of his wealth.

Both images: Mikhail Svetlov/Getty Images

  • Russian billionaires on the list lost on average 27% of their wealth over the last year, according to Forbes.
  • Severstal chairman Alexei Mordashov saw the biggest drop in wealth, falling by $15.9 billion, per Forbes.
  • The publication listed 83 Russians on its 2022 list of billionaires, down from 117 in 2021.

More than 30 Russia’s billionaires have fallen off Forbes’ World Billionaires List while those that remain have lost a quarter of their wealth on average, according to the publication’s 2022 rankings.

The number of Russians on the publication’s billionaires list dropped to 83 in 2022, down from 117 in 2021. Those who are included on the list saw their wealth shrink by 27% on average since the previous year. Between them, the 83 billionaires are worth $320 billion, per Forbes data.

The 36th edition of the list gives some indication of the impact that sanctions targeted at Russia’s oligarchs and business elite, as well as the country’s wider economy, have had on its super rich.

Sanctions aimed at the oligarchs have in some cases led to asset seizures and freezes, while broader economic measures have caused a collapse of the ruble, accelerating inflation and plunging stock prices. Some economists say that sanctions could wipe out 15 years of economic growth in Russia.

Forbes said that Alexei Mordashov, chairman of mining company Severstal, saw the biggest drop in net worth, falling $15.9 billion, or around 55%, to $13.2 billion on 2022’s list. Five other Russian billionaires lost more than $10 billion each, per Forbes.

Forbes named Vladimir Lisin, chairman and the main shareholder of Novolipetsk Steel, as Russia’s richest person, worth an estimated $18.4 billion, a drop of 30% from a year ago. He is closely followed by Nornickel CEO Vladimir Potanin whose wealth is valued at $17.3 billion, down $9.7 billion, or 36%, from a year earlier.

Only two Russians are new to Forbes’ billionaires list. Egor Kulkov, an early partner of Pharmstandard joins with an estimated worth of $2 billion, as does Denis Sverdlov, founder and CEO of British electric-vehicle maker Arrival who’s worth around $1.4 billion, according to Forbes.

Of the Russians on this year’s billionaires list, only two are women: Tatyana Bakalchuk, who founded online retailer Wildberries, and Elena Baturina, who set up real-estate developer Inteko.

Forbes published its first index of the world’s billionaires in 1987. The list comprised 2,668 entries this year – a reduction of 87 from a year ago – who were worth a collective $12.7 trillion, down $400 billion from the previous year. Tesla CEO Elon Musk ranked top of the list, followed by Amazon founder Jeff Bezos.

The comparisons for the list were made between March 5, 2021 and March 11, 2022.

Read the original article on Business Insider businessinsider?d=yIl2AUoC8zA businessinsider?i=ApKxaSORhyk:7lUeWj1q_k businessinsider?i=ApKxaSORhyk:7lUeWj1q_k businessinsider?d=qj6IDK7rITs businessinsider?i=ApKxaSORhyk:7lUeWj1q_k

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025
Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

08.07.2025
HIT-NOT reduces forklift accidents and increases safety in logistics

HIT-NOT reduces forklift accidents and increases safety in logistics

07.07.2025

JeraSoft Celebrates 20 Years of Trusted Connections

25.06.2025

Recent News

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025
Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

08.07.2025

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In