You are here : World News – Russian opinion» Economy» Russia’s wealthiest lose billions attributable to coronavirus… however they’re nonetheless obscenely wealthy
Russia’s richest are $ 27.89 billion poorer than they have been in the beginning of the yr, when the coronavirus began spreading throughout the globe, in keeping with Bloomberg Billionaires Index (BBI).
Whereas some tech moguls equivalent to Jeff Bezos and Mark Zuckerberg have seen their web price skyrocket by dozens of billions amid the pandemic-triggered lockdowns, Russian tycoons seem to have misplaced cash.
Because the pandemic hit gasoline and oil markets, the nation’s vitality billionaires noticed their fortunes falling, with two of them amongst high 10 international losers this yr on Bloomberg’s record.
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The pandemic lower the online price of Leonid Mikhelson, the founder and chairman of pure gasoline producer Novatek, by $ 5.34 billion. He’s now price a measly $ 19.2 billion.
One other vitality tycoon, Lukoil President and CEO Vagit Alekperov, adopted Mikhelson within the loss column. He’s now $ 5.18 billion poorer, retaining $ 17.1 billion price of property.
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Gennady Timchenko, who owns stakes in vitality firms in addition to different companies, got here third, shedding “simply” $ 370 million lower than the Lukoil CEO.
The nation’s richest individual, Vladimir Potanin, who heads metals big Norilsk Nickel, has seen his $ 28 billion fortune lowered by $ 1.56 billion. Along with the anticipated fall in demand for metals, the corporate additionally lately discovered itself on the epicenter of an environmental scandal. In Could, greater than 20,000 tons of diesel gasoline escaped from a storage tank of a plant operated by a Norilsk Nickel subsidiary, leading to large contamination of soil and water.
Regardless of the coronavirus disaster, some Russian billionaires have seen their fortunes rise. Alisher Usmanov’s web price has elevated by over $ 1.9 billion because the starting of the yr, hitting $ 18.6 billion. Usmanov is the founding father of USM, a personal holding firm that controls Russian mining and metallurgy agency Metalloinvest, amongst others.
The wealthiest folks in Russia are nonetheless tremendous wealthy whatever the pandemic. The entire web price of 23 Russian magnates included in Bloomberg Billionaires Index now stands at $ 277.94 billion.
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