Russia has a generous scattering of high net-worth individuals, but not all are oligarchs. He's been known to vacation on yachts and play ice hockey with Russian President Vladimir Putin. You can unsubscribe at any time. In April 2015, attorneys working for the wife of a Russian oligarch found themselves in a bind. The 10 wealthiest people in Russia are still super richbut are $27 billion poorer than a year ago, following a tough stretch for the countrys economy. Another oligarch sanctioned in 2018, Viktor Vekselberg, told Forbes Russia in a February 2021 interview that he had more than $1.5 billion worth of overseas assets that he couldnt access without permission from the U.S. Treasury Department. Potanin owns 30% of Norilsk Nickel, along with stakes in multiple insurance, media, agriculture, engineering, and oil companies. Animated: Change in Russian Billionaires' Wealth Since 2022 One of the first billionaires to publicly criticize the war, in a letter to staff, later published on LinkedIn in March, he said the lost lives in Ukraine were a huge tragedy that is impossible to justify. Unlike many other Russian oligarchs, Lisin has not been personally sanctioned. One of the most high-profile Russian billionaires because of the phenomenal success of his football club Chelsea FC, Roman Abramovich was sanctioned later than some others, possibly because he is less obviously influential than other Putin allies. Congress ordered the list to be compiled in response to Russia's meddling in the 2016 presidential election, asking for"a detailed report on senior political figures and oligarchs in the Russian Federation and on Russian parastatal entities.". Sergei Pugachev is pictured on Tolstoy's left, with deep-set green eyes, a trimmed moustache and beard. Here's who could be affected. The aim of the EU sanctions is to prevent Mr. Mordashov from disposing of his shares in TUI AG, the company said. Spain filed money laundering charges against him 2009 and later handed the case over to Russian authorities, who eventually dropped the case. Faced with the global coronavirus pandemic, an oil war with Saudia Arabia and a weaker ruble, the countrys 10 wealthiest are worth $27 billion less than a year ago. An example is Roman Abramovich, a former Russian provincial governor and Putin ally who became a steel and metals magnate. How influential he is in the Kremlin is much debated. The country's financial figureheads - the oligarchs - stand to lose the most over the next few weeks or months to come, and some have already called to an end to hostilities with Ukraine, despite stopping short of criticising Russia's premier. European authorities have been seizing the physical assets of Russian oligarchs like yachts and jet planes since sanctions first came into effect, with German officials recently claiming a 500-foot super yacht worth nearly $600 million from Alisher Usmanov, Russias sixth richest man. Italian tax police also froze Lena, a yacht owned by Gennady Nikolayevich Timchenko, Giugliano added. Together, the top 10 Russian oligarchs have a net worth of $186 billion, equivalent to the market cap of large publicly-traded companies like McDonald's and AMD. 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Boris Berezovsky, a mathematician turned Mercedes dealer who amassed a fortune by acquiring the country's main television channel at the end of the Soviet era, was tried in absentia on charged of fraud and embezzlement after fleeing to London in 2000. as well as other partner offers and accept our. The other top 10 Russian tycoon to see his net worth rise in the past year: Alisher Usmanov, whose fortune is tied to a stake in iron ore and steel giant Metalloinvest, plus a diversified basket of investments, including shares of Facebook, Xiaomi and other telecom, mining and media companies. . All the Russian oligarchs who have died under strange - Fortune Mordashov is so far not on any U.S. sanctions list, which is why Severstal did not already possess these authorizations. Almost no one knows for sure By Allison Morrow, CNN Business Published 5:50 PM EST, Mon February 28, 2022 Link Copied! Sechin was sanctioned by the U.S. and European Union in late February. Back in the top spot as Russias 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 countrys privatization in the 1990s. The company broke ranks with the other giants in Russia by expressing its, deepest concerns about the tragic events in Ukraine, and, sincere empathy for all victims, who are affected by this tragedy. Alekperov, who was once an oil rig worker, has lost over half of his fortune since last year. Kremlin opposition leader Alexei Navalny, who was poisoned in 2020 and is currently imprisoned, for years has been calling for Western nations to punish Abramovich as well as fellow oligarch Alisher Usmanov, who also once owned a sizable stake in a British soccer team. The attorney declined to comment on his work for the Rotenbergs. This means we are doing everything right," he said. The UK, EU, and US governments have responded to Russia's invasion of Ukraine with devastating sanctions against the billionaire businessmen perceived to be in President Vladimir Putin's inner circle. Abramovich owns another superyacht, dubbed the Eclipse, worth $700 million, according to the site. A memorandum prepared by the attorneys, included in the leaked documents, shows how one solution would have been to apply for a license from OFACbut they also noted that those licenses are almost never granted, and recommended against it because it would make it more likely that OFAC would target Karina herself. Terrible scenes fail to crush spirit of fearless Ukrainians, Alisher Usmanov (metal magnate): Net worth approx $15.3 billion (11.4 billion), Alexey Mordashov (shareholder and chairman of the Severstal conglomerate): Net worth approx $25.8 billion (19.3 billion), Alexander Ponomarenko (chairman of the board for Sheremetyevo International Airport): Net worth approx $2.9 billion (1.4 billion), Gennady Timchenko (stakeholder in Russian raw material firms): Net worth approx $21.1 billion (15.8 billion), Mikhail Fridman (founder of Alfa Bank): Net worth approx $11.3 billion (8.4 billion), Oleg Deripaska (founder of Basic Element industrial group): Net worth approx $4 billion (2.9 billion), Roman Abramovich (Chelsea FC owner): Net worth approx $13.6 billion (10.1 billion), Petr Fradkov (head of Promsvyazbank): Unknown net worth, Denis Bortnikov (deputy president of lender VTB): Unknown net worth, Yury Slyusar (director of United Aircraft Corp): Unknown net worth, Elena Georgieva (chair of Novikombank board): Unknown net worth. Though his net worth includes billion-dollar stakes in Russian. More info. Igor Sechin, left, with Vladimir Putin in 2017, Oleg Deripaska, right, with Mr Putin in 2017, Alexey Miller, right, with Mr Putin in February this year, Florida murder suspect arrested after 40 years, Rescuers amputate leg of woman stuck in travelator, China's new law tightens Xi's powers against the West. (Photo by Clive Mason/Getty Images). Upon being released in 1990, Russia was in a very precarious state. The hypotheticals appear to refer to a Maltese company that Boris had used to acquire a villa in Spain for roughly $10 million in 2014, and a Monaco firm co-owned by Boris and Karina that owned real estate in France. Skoch is a partner in the metallurgy company, Metalloinvest conglomerate. Hes 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). He also owns a third of one of Europes biggest tour operators Tui. "It is painful for everyone.". Usmanov's superyacht, Dilbar, measures 512 feet from bow to stern, even longer than Abramovich's. The Russian Federation ranks 83rd in per capita gross domestic product, at a little under $11,000 per person, according to 2020 data compiled by The World Bank. Superyachts belonging to three of Russian President Vladimir Putins closest associates were detained in Europe in the past week, part of Western government sanctions against hundreds of Russian financial targets. Yacht: Nicolas TucatAFP/Getty Images; Sechin: Mikhail KlimentyevTASS/Getty Images, Yacht: Fiona GoodallGetty Images; Usmanov: Mikhail SvetlovGetty Images, Yacht: Angel GarciaBloomberg/Getty Images; Abramovich: Artyom GeodakyanTASS/Getty Images, Yacht: Austria Peter SeyfferthReuters; Potanin: Sergei PyatakovTASS/Getty Images, Yacht: Fiona GoodallGetty Images; Rashnikov: Mikhail MetzelTASS/Getty Images, Yacht: Ali Rza AkkirAnadolu Agency/Getty Images; Deripaska: Alexander DemianchukTASS/Getty Images. His 150m house in London's Kensington Palace Gardens in London was also reportedly up for sale. Since then, he seems to have worked himself back into favour and was described in the Mueller report - a US investigation into Russian efforts to interfere in the 2016 US presidential election - as being "closely aligned" with the president. Timchenko owns shares in multiple Russian businesses, including a gas company called Novatek and a petrochemical company called Sibur Holding, among others. There are 83 Russians on the 2022 Forbes list of the Worlds Billionaires, down from 117 last year. Usmanov recently sold his stake in the British soccer club Arsenal for a reported $700 million and, according to Forbes, owns two sprawling estates in London the Beechwood House and Sutton Place worth a combined $300 million. Here's what we know about some of them. Originally believed to be a suicide, a coroner recorded the cause of death as inconclusive. With the help of experts and our own valuations, Forbes has identified who they may be. Abramovich is one of the most famous Russian oligarchs given his status as the owner of the Chelsea soccer team in the U.K. Here's where Russian oligarchs and their families own property in NYC Still, he said the opinion of wealthy, educated elites carries some intangible weight that Putin defies at his own risk. His daughter said he feared he had been poisoned after losing a major court battle against Abramovich, his former business partner. Both have been frozen by UK authorities. Russia is now cut off from the SWIFT payment system, and its various financial backers are haemorrhaging money by the second. Here are some of Russia's richest oligarchs and their yachts | Fortune Although the Chelsea owner made his first billions during the President Boris Yeltsin-era of post-Soviet entrepreneurialism, Abramovich today is the most recognizable face of the recent Putin-provoked sanctions. But the raft of sanctions on oligarchs announced by President Joe Biden this week in response to the invasion of Ukraine may do little to dim the jet-setting lifestyles of Russia's ultra-rich and infamous much less force a withdrawal of tanks and troops. Ukraine crisis: Who are the three Russian oligarchs dubbed 'Putin's In London he owns Beechwood House, a 65m country house with grounds in the heart of the city, and just outside London in Surrey, he owns a Tudor mansion, Sutton Place. 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"We see that Europeans don't want to bear any sanctions cost," Shagina said. Adds Collin Hunt, a former intelligence analyst at OFAC: It gets really complicated and really messy when it comes to applications of sanctions law as it applies to U.S. A source who asked to remain anonymous told Forbes that by the time she divorced her ex-husband in 2008, before marrying Boris, she was already a citizen. In 2009, President Putin humiliated him by suggesting publicly that he had stolen a pen. March 29, 20226:30 AM ET. Khan owns the majority of Alfa Group with oligarchs Aleksey Kuzmichev and Mikhail Fridman. Alekperov is the president of Russian oil company Lukoil, which he started in 1991 after acquiring three large oil fields. The vessel, formerly known as the St. Princess Olga, is 280 feet long, with four decks and seven cabins, according to Autoevolution. Rashnikov is the majority owner of Magnitogorsk Iron & Steel Works. Theres a $75 trillion reason the economy wont crash into a recession, top economist says: Baby boomers pent-up net CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. But its not all bad news for this elite set. The Man Overseeing The Russian Coup Parlayed A - Celebrity Net Worth His biggest break was buying the oil company Sibneft at a knockdown price.
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