Business | Banking
A billion dollars is simply not enough
One billion dollars is no longer enough to gain entry to Russia's rich list.
- Reuters
- Published: 00:33 April 19, 2008
Moscow : One billion dollars is no longer enough to gain entry to Russia's rich list.
Oleg Deripaska, who controls aluminium producer United Company Rusal among a host of infrastructure, energy and financial assets, tops the latest Forbes list with a fortune of $28.6 billion - $11.8 billion more than he was worth last year.
Deripaska replaces Chelsea soccer club owner Roman Abramovich, who drops to third. The two are split by Alexei Mordashov, majority owner of Severstal, Russia's largest steel maker.
"The main fortunes are concentrated now in metallurgy, finance and property," Maxim Kashulinsky, editor of Forbes' Russian edition, said.
Mordashov was the biggest gainer, adding $12.4 billion to take his fortune to $24.5 billion. Abramovich is worth $24.3 billion. Russia's richest 100 people had a combined fortune of $522 billion.
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
