Russian businessmen and investors with shares in minerals, huge banks, and even popular football clubs are among the world’s wealthiest people. President Vladimir Putin, on the other hand, is notably absent. There is no conclusive answer to the question of how much the Russian president is worth.
Only ten billionaires account for more than a third of the gains. On the Forbes World’s Billionaires list for 2021, the 10 wealthiest Russians are worth $223 billion, up from $152 billion in 2020. They are all wealthier than they were a year ago.
Alexey Mordashov is the richest man in Russia, with shares in publicly traded steel and mining giant Severstal and privately-owned gold miner NordGold rising as Russia recovered from the Covid meltdown in early 2020.