LONDON, Aug. 21, 2014
/PRNewswire/ -- The ongoing conflict in Ukraine has taken its toll on the fortunes of
Russia's wealthiest, with three of
the country's richest tycoons losing a combined US$1.8 billion, or nearly 5% of their collective
net worth, according to a Wealth-X list released today.
The biggest loser on the list is Russian business magnate
Gennady Timchenko – owner of the
private investment firm Volga Group and a prominent public figure –
who has seen an 8% drop in his wealth since tensions in
Ukraine escalated in mid-March 2014. Timchenko lost US$1 billion between March and mid-August and
currently has a personal net worth of US$12.2 billion.
German Khan, 52, lost 4%, or half
a billion dollars, of his personal wealth over the same period.
Wealth-X estimates that Khan – who, along with Mikhail Fridman and Alexei Kuzmichev, controls
the Alfa Group, the biggest financial and industrial investment
group in Russia – currently has a
net worth of US$11.3 billion.
Viktor Vekselberg, maintains his number 2 spot on the list,
despite a 2% dip in his personal fortune. The 57-year-old
Ukrainian-born Russian tycoon is the owner and president of Renova
Group, a large Russian conglomerate.
Despite the ongoing Ukraine
conflict and a series of economic sanctions imposed by the US and
EU on Russian businesses and individuals, Russia's 10 richest tycoons collectively have
made a net gain of US$3 billion since
March.
Below are the top five wealthiest billionaires in Russia:
|
Current
Ranking
|
Previous
Ranking
|
Name
|
Current
Net
Worth*
|
Net Worth
in
March
2014*
|
Net
Worth
Change*
|
Percentage
Change
|
|
1
|
1
|
Alisher
Usmanov
|
18.3
|
18.3
|
0
|
0%
|
|
2
|
2
|
Viktor
Vekselberg
|
14.9
|
15.2
|
- 0.3
|
- 2%
|
|
3
|
3
|
Mikhail
Fridman
|
14.4
|
14.4
|
- 0
|
0%
|
|
4
|
8
|
Leonid
Mikhelson
|
14.4
|
12.7
|
1.7
|
13%
|
|
5
|
6
|
Vladimir
Potanin
|
14.3
|
13.1
|
1.2
|
9%
|
* In US$ billion. The numbers have been adjusted from the
previous list to reflect changes in stock performance
For the full list,
http://www.wealthx.com/wp-content/uploads/2014/08/Russia_Ukraine-Top-Ten.pdf
About Wealth-X
Wealth-X is the definitive source of intelligence on the ultra
wealthy with the world's largest collection of curated research on
ultra high net worth (UHNW) individuals, defined as those with net
assets of US$30 million and above.
Headquartered in Singapore, it has
13 offices on five continents. (www.wealthx.com)
SOURCE Wealth-X