August 6, 2021

2020, a golden year for Russian billionaires?

While Russia is among the countries with the most billionaires, 2019 was undoubtedly a great year for Russia’s richest people.

They have thus seen their fortune increase considerably during the financial year of the last twelve months. Will the exercise be repeated in 2020?

Le top 3 (Leonid Mikhelson, Vladimir Lisin et Vagit Alekperov)

The economic sanctions imposed on Russia since the annexation of Crimea have not prevented the richest people in Russia from continuing to grow their businesses. In the country of Vladimir Putin, these ultra-rich are mainly influential players in the energy sector.

The richest man in Russia is Leonid Mikhelson. The president of Novatek, a natural gas production company, has an estimated fortune of around $ 24 billion. Russia’s first billionaire ranks 32e in the ranking of the top 500 global billionaires, just behind Li Ka-Shing, the richest man in Hong Kong.

To complete the 2019 podium of the men who have accumulated the most profits in Russia: we find Vladimir Lisin, powerful businessman, member of the board of directors of NLMK, one of the four largest steel companies in Russia, his fortune is estimated at 21.3 billion dollars in 2019. Next comes Vagit Alekperov, CEO of Lukoil the largest Russian oil producer.

Another important figure for all sports fans: Roman Abramovich. Owner of Chelsea Football Club since 2003, its earnings for 2019 amount to $ 2.1 billion. According to some estimates, his personal fortune would be around $ 12.4 billion in 2019.

At the 17e place in this ranking, is illustrated in particular by Dmitrii Rybolovlev. The president of l’AS Monaco, who despite a loss of 438 million dollars in 2019, has a very comfortable safety mattress since his personal wealth is now estimated at 6.8 billion.

When fortune and philanthropy go hand in hand (Iskander Makhmudov and Andrey Bokarev, Alisher Usmanov, etc.)

Whoever says large companies says influential businessmen in their presidency. Among the major industrial players in Russia, some stand out for their philanthropic gestures. This is particularly the case ofIskander Makhmudov, founder and president of l’Ural Mining and Metallurgical Company (UMMC) whose fortune is estimated at $ 6.6 billion, Each year, it donates large sums to various causes such as the protection of the Russian environment and wildlife, the rehabilitation of natural habitats, the treatment of polluted water or the construction of ultramodern clinics.

Andrey Bokarev, the president of the railway equipment company, Transmashholding, whose fortune is estimated at $ 1.5 billion is a well-known philanthropist in Russia. In particular, he paid more than $ 16.2 million to various charities through NV Transmashholding. He is also very personally involved in the development of sport in Russia. He was president of russian ski association from 2010 to 2020 and member of the Council for the Development of Physical Culture and Sport at the Presidency of the Russian Federation. It also played a major role in financing the infrastructure that hosted the Sochi Olympic Winter Games in 2014.

Another example, but not the least: Alisher Usmanov. Influential Russian businessman, whose fortune is estimated at around 12.6 billion dollars, is actively involved in various sponsorship projects resulting from his own personal initiative.

Development of rural towns, accessibility of theaters and cinemas to visually impaired people or even social adaptation of orphans, so many laudable projects which, thanks to the help of these influential Russian businessmen, benefit a very large part of the population. An encouraging sign for the world, which shows that it is not only in Bill Gates’ country where philanthropy is democratized. An example from which France could perhaps draw inspiration?