Mukesh Ambani's net worth is equal to Russia's four richest billionaires combined

Mar 3, 2022

By: Vaamanaa Sethi

Vladimir Potanin

World Rank: 55 | Net Worth: $25.2 billion | Industry: Commodities | Vladimir Potanin acquired a stake in Norilsk Nickel in Russia’s privatisation wave in the 1990s. He currently has stakes in pharmaceutical company Petrovax Pharm and ski resort Rosa Khutor, near Sochi.

Credit: Business-Insider

Alexey Mordashov

World Rank: 67 | Net Worth: $22 billion | Industry: Industrial | Former chief executive officer (CEO) and majority shareholder of steel company Severstal, he also owns about 30 percent of TUI Group — one of the biggest travel and tourism companies in the world.

Credit: Wikipedia

Leonid Mikhelson

World Rank: 68 | Net Worth: $22 billion | Industry: Energy | Founder and chairman of natural gas producer Novatek, he also bought a 17 percent stake in petrochemical company Sibur from Kirill Shamalov in 2017.

Credit: Wikipedia

Vladimir Lisin

World Rank: 72 | Net Worth: $21.2 billion | Industry: Industrial | Chairman of NLMK Group — steel products manufacturing company, Potanin, also has a majority stake in the Novolipetsk steel mill.

Credit: Wikipedia

Andrey Melnichenko

World Rank: 80 | Net Worth: $20 billion | Industry: Industrial | Industrialist Andrey Melnichenko owns majority stakes in fertilizer producer Eurochem and coal energy company SUEK and has invested $23 billion into fertiliser and coal production over the past 15 years.

Credit: Forbes

Alisher Usmanov

World Rank: 89 | Net Worth: $19.5 billion | Industry: Diversified | Usmanov owns the largest stakes in iron ore and steel giant Metalloinvest. Lesser known fact about him is that he was an early Facebook investor and also owns stakes in Xiaomi and other telecom, mining and media companies.

Credit: Business-Insider

Viktor Vekselberg

World Rank: 113 | Net Worth: $16.3 billion | Industry: Industrial | Vekselberg is the majority owner of Magnitogorsk Iron and Steel Works (MMK) and was also the CEO of the company till 2011.

Credit: Forbes

Mikhail Prokhorav

World Rank: 145 | Net Worth: $13.6 billion | Industry: Diversified | Owner of Brooklyn Nets, he sold a 49 percent stake of the company to Alibaba executive Joseph Tsai in a $2.3 billion deal in 2018. He also stood against Vladimir Putin in Russia's 2012 presidential race, and had gained 8 percent of the vote.

Credit: Wikipedia

Roman Abramovich

World Rank: 147 | Net Worth: $13.5 billion | Industry: Diversified | Abramovich owns stakes in steel giant Evraz, Norilsk Nickel and the vast majority stake of the U.K.'s Chelsea FC soccer team. He owns the world's second-largest yacht, 533-foot Eclipse, bought for nearly $400 million in 2010.

Credit: Wikipedia

Suleiman Kerimov

World Rank: 180 | Net Worth: $11.5 billion | Industry: Commodities | Kerimov is a trained economist, who gets most of his fortune from his 76 percent stake in one of Russia's biggest gold producers — Polyus.

Credit: Wikipedia

India’s richest person Mukesh Ambani, chairman of Reliance Industries,...

...has a net worth of $89.9 billion, which is apparently equal to Russia’s four richest billionaires.

Credit: BCCL

The above ranking is according to Bloomberg Billionaire Index, as of March 3, 2022.

Credit: Bloomberg

US Stock market indexes rise as traders try to shrug off Powell's hawkish commentary