Sanctions, you say? The richest Russians have overtaken billionaires from other countries in terms of wealth growth

The richest Russians did not feel the tightening of sanctions. The combined wealth of the ten richest people in the country since the beginning of 2018 has increased more than in other countries of the world, writes Bloomberg.

Details

• The ten richest Russians, according to the Bloomberg Billionaires rating , increased their total wealth by 10.8%. Next come the Americans (+7.5%) and the British (+3.4%).
• The main reason for the increase in the wealth of billionaires is the rise in oil prices, writes Bloomberg. Leonid Mikhelson ($21 billion, 36th place), Gennady Timchenko ($15.2 billion, 71st place) and Vagit Alekperov ($16.1 billion, 59th place) earned the most.
• The wealth of all the other 10 richest people in other countries has declined. Bloomberg cites nine countries - France, Sweden, Switzerland, India, Canada, Brazil, Hong Kong, Germany and China.
• The Chinese have lost the most since the beginning of the year - their wealth has decreased by 27%. Mainly due to the ongoing sell-off in tech and retail stocks.
• The three richest people in the world are Jeff Bezos ($151 billion), Bill Gates ($96.4 billion) and Warren Buffett ($86.4 billion).

The growth in the wealth of the richest Russians does not lead to an increase in the incomes of ordinary citizens. According to Rosstat data released the day before, the fall in real incomes of Russians in September

Artem Gubenko