Russian billionaires gain $36.3 bln

Russian billionaires gain $36.3 bln

The combined fortune of Russia’s billionaires increased by $36.324 billion in January–July, Bloomberg reported in its Bloomberg Billionaires Index (BBI).

The index is calculated basing on capitalization and financial reports of companies owned by the businessmen, or on a capitalization to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio and or a share price to earnings per share ratio. The rating comprises 500 wealthiest people of the world, including 22 Russians.

CEO of independent gas producer Novatek Leonid Mikhelson was ranked number one among the richest Russians with $25.1 billion, an increase of $5.71 billion.

One of the core owners of metals giant Norilsk Nickel Vladimir Potanin occupied the second position with a $22.9 billion wealth, which has grown by $3.29 billion since the beginning of the year.

Major beneficiary of steelmaker Novolipetsk Steel (NLMK) Vladimir Lisin was third with his wealth rising by $3.27 billion to $21.1 billion.