RUSSIAN BILLIONAIRES | Top 10 Richest People in Russia 2020 | Rich and Famous

This is the list of the top 10 richest people in russia 2020, the global pandemic have reduce the net worth of most russian billionaires with Vladir Putin becoming the richest person in russia 2020.
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Top 10 Richest People in Russia 2020

Russia is one of the few places in the world that has the privilege to house more than a couple of billionaires. In terms of the number of billionaires within its borders, Russia is the top sixth counties in the world, at least officially speaking.

The richest people in Russia are starting off the new decade on a low note. Faced with the global coronavirus pandemic, an oil war with Saudia Arabia and a weaker ruble, the country’s 10 wealthiest are worth $27 billion less than a year ago.

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Here are the top 10 richest people in Russia; net worths were calculated using stock prices and exchange rates on March 18, 2020.

#10. ROMAN ABRAMOVICH. NET WORTH: $11.3B. SOURCE: STEEL, INVESTMENTS

Abramovich's fortune stems from his stakes in steel giant Evraz and nickel and palladium producer Nornickel. He boasts the world's second-largest yacht and owns the Chelsea football team. In March, he agreed to pay for National Health Service staff to stay at the Stamford Bridge Millennium Hotel, which is around the corner from Westminster Hospital in London.
#9. ANDREY MELNICHENKO. NET WORTH: $12.5 BILLION. SOURCE: COAL, FERTILIZERS.

Melnichenko owns majority stakes in fertilizer producer Eurochem and coal energy company SUEK. His first business venture was a chain of currency-exchange booths he started in the 1990s.

#8. MIKHAIL FRIDMAN. NET WORTH: $13 BILLION. SOURCE: OIL, BANKING, TELECOM.

Fridman controls investment companies Alfa Group and LetterOne. He cofounded what became Alfa Group with his college buddies and fellow billionaires German Khan and Alexei Kuzmichev.

#7. ALISHER USMANOV. NET WORTH: $13.4 BILLION. SOURCE: STEEL, TELECOM, INVESTMENTS.

Usmanov derives his wealth from his stake in iron ore and steel giant Metalloinvest, plus investments in Facebook, Xiaomi and other telecom, mining and media companies.

#6. GENNADY TIMCHENKO. NET WORTH: $14.4 BILLION. SOURCE: OIL, GAS

Timchenko's wealth comes from his stakes in gas company Novatek and petrochemical producer Sibur Holding. He’s reported to have close ties to President Vladimir Putin.

#5. VAGIT ALEKPEROV. NET WORTH: $15.2 BILLION. SOURCE: OIL

A former Caspian Sea oil rig worker, Alekperov became a deputy minister overseeing the oil industry in the Soviet Union, then, in 1991, took three large state-controlled oil fields and set up Lukoil, now Russia's largest independent oil company. He owns nearly a quarter of the publicly traded firm.

#4. ALEXEY MORDASHOV & FAMILY. NET WORTH: $16.8 BILLION. SOURCE: STEEL, INVESTMENTS.

Mordashov was born to two steel mill workers in the Soviet Union, and now boasts assets including stakes in travel company TUI Group and equipment producer Power Machines.

#3. LEONID MIKHELSON. NET WORTH: $17.1 BILLION. SOURCE: GAS, CHEMICALS.

Mikhelson owes his wealth to stakes in natural gas producer Novatek and petrochemical company Sibur. He’s partners in both ventures with Gennady Timchenko, who is said to have close ties to President Vladimir Putin, and he has reportedly done deals with Putin's alleged former son-in-law Kirill Shamalov (who is also a billionaire).

#2. VLADIMIR LISIN. NET WORTH: $18.1 BILLION. SOURCE: STEEL, TRANSPORT.

Lisin started out as an electrical fitter in a Siberian coal mine, then became a steelworker before working for a group of traders that came to dominate Russia's aluminum and steel exports. When the partners went their separate ways in 2000, Lisin got a majority stake in Russia's Novolipetsk Steel.

#1. VLADIMIR POTANIN. NET WORTH: $19.7 BILLION. SOURCE: METALS.

Back in the top spot as Russia’s richest person, Potanin is credited with authoring the controversial “loans for shares” scheme that helped politically connected Russians gain control of state-owned companies during the country’s privatization in the 1990s. Today most of his wealth is parked in a 35% stake in Nornickel.

Well, there you have it. Those were the top 10 richest people in Russia, in 2020.

Who didn't you not expect to be on this list? Leave a comment below.

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