Wealth of Russian oligarchs increases by US$50 billion in 2023

The wealth of Russia's richest people increased by more than US$50 billion last year, with Lukoil founder Vagit Alekperov becoming the richest.

Source: Bloomberg Billionaires Index, reported by the Russian news outlet Kommersant

Details: The following Russian oligarchs have become the most wealthy:

• Vagit Alekperov, founder of Lukoil, + US$9.29 billion (US$24.7 billion in total);
• Andrei Melnichenko, co-founder of Eurochem and SUEK, + US$5.67 billion (US$17.42 billion in total);
• NLMK founder Vladimir Lisin, + US$4.08 billion (US$23.9 billion in total);
• former Lukoil vice-president Leonid Fedun, + US$3.91 billion (US$9.78 billion in total);
• Leonid Mikhelson, NOVATEK's CEO, + US$2.83 billion (US$27.5 billion in total).

Acron's major shareholder, Vyacheslav Kantor, suffered the biggest losses, with his fortune falling by US$149 million to US$6.21 billion. 

Oligarch Vladimir Potanin, the owner of Nornickel, remains the richest Russian, with his wealth increasing by US$2.5 billion to US$31.1 billion.

Background:

• Elon Musk, the founder of Tesla and SpaceX and the owner of X (Twitter), is the world's richest man as of 2023.

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