The fortunes of Russia’s wealthiest businessmen have climbed by 21.13 billion dollars since the start of 2023, a shift driven largely by movements in corporate stock values. Analysts tracking the Bloomberg Billionaires Index note that changes in share prices across major companies have a direct impact on the net worths of these individuals.
Within this group, LUKOIL founder Vagit Alekperov is valued at 6.4 billion dollars, while his overall wealth for the year has touched approximately 21.8 billion. Vladimir Lisin, who chairs NLMK, sits at about 3.42 billion in wealth for the year, with his total assets near 23.3 billion dollars. These estimates reflect ongoing fluctuations in equity markets and the performance of their core businesses.
Andrei Melnichenko, founder of EuroChem and SUEK, reported gains that bring his net worth to around 16.2 billion dollars after advancing by roughly 3.04 billion for the period. In contrast, Suleyman Kerimov experienced the most pronounced decline among the top group, with a drop of about 1.48 billion dollars, reducing his total to roughly 7.52 billion. Bloomberg has noted a lack of public response to certain inquiries regarding these figures as the year progressed.
On the global stage, the world’s 10 wealthiest entrepreneurs have expanded their combined fortunes by about 337.77 billion dollars since January 2023. Elon Musk, founder of Tesla and SpaceX, remains the richest individual worldwide, with wealth increasing by around 95 billion dollars so far this year, pushing his estimated net worth to roughly 232 billion dollars.
The Bloomberg Billionaires Index has tracked the daily wealth movements of the world’s 500 richest people since 2012, offering an ongoing snapshot of how market dynamics, corporate performance, and macroeconomic trends shape billionaire fortunes over time.
In geopolitical developments, Russian President Vladimir Putin gave remarks during discussions on sanctions impacting businessmen with investments in Russia, emphasizing considerations around regulatory constraints and the broader impact on investment flows. These conversations come as international policy moves continue to influence asset holdings, corporate strategies, and the capital available to high-net-worth individuals in Russia and beyond.
At the same time, observers note that a substantial portion of Russian billionaire wealth remains exposed to European asset markets, with estimates suggesting sizable holdings across European equities and related assets. Market watchers highlight that diversification, liquidity needs, and regulatory changes all play critical roles in shaping how these fortunes evolve from quarter to quarter.