Report: Russia’s Richest Gain $51 billion In 2019

The wealth of Russia’s richest people this year surged 21 percent, or by $51 billion, according to an index of the richest 500 billionaires tracked by Bloomberg.

The business news outlet attributed the rise in the net worth of Russia’s wealthiest individuals to a rebound in the value of “emerging-market assets from currencies to stocks and bonds” following “big losses a year earlier.”

Twenty-three Russians were listed on the richest index and only Dmitry Rybolovlyev, whose net worth is valued at $9.6 billion, saw his wealth shrink by $438 million this year.

Much of Rybolovlyev’s wealth stems from the sale of Russia’s largest producer of potassium fertilizers nearly a decade ago for $6.5 billion. After studying medicine at Russia’s Perm Medical Institute, he went into business with his scientist father in 1990.

In neighboring Ukraine, industrialist Rinat Akhmetov was the only person listed and who saw his coffers grow by $812 million to more than $6 billion.

The United States still boasts the most billionaires with 172, whose net worth grew by $500 billion in 2019.

The richest 0.1 percent of U.S. citizens control a bigger share of their country’s economy than at any time since 1929.

Despite a divorce with his former spouse, e-commerce titan Jeff Bezos is still the world’s richest person with an estimated $116 billion.

In all, the collective wealth of the 500 richest people in the world soared 25 percent to $5.9 trillion this year.

Based on reporting by RFE/RL’s Russian Service, Bloomberg, and Fortune
Print
Print Share Comment Cite Upload Translate Updates

Leave a Reply

APA
Radio Free | Radio Free (2021-06-25T06:41:03+00:00) » Report: Russia’s Richest Gain $51 billion In 2019. Retrieved from https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/.
MLA
" » Report: Russia’s Richest Gain $51 billion In 2019." Radio Free | Radio Free - Sunday December 29, 2019, https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/
HARVARD
Radio Free | Radio Free Sunday December 29, 2019 » Report: Russia’s Richest Gain $51 billion In 2019., viewed 2021-06-25T06:41:03+00:00,<https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/>
VANCOUVER
Radio Free | Radio Free - » Report: Russia’s Richest Gain $51 billion In 2019. [Internet]. [Accessed 2021-06-25T06:41:03+00:00]. Available from: https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/
CHICAGO
" » Report: Russia’s Richest Gain $51 billion In 2019." Radio Free | Radio Free - Accessed 2021-06-25T06:41:03+00:00. https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/
IEEE
" » Report: Russia’s Richest Gain $51 billion In 2019." Radio Free | Radio Free [Online]. Available: https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/. [Accessed: 2021-06-25T06:41:03+00:00]
rf:citation
» Report: Russia’s Richest Gain $51 billion In 2019 | Radio Free | Radio Free | https://www.radiofree.org/2019/12/29/report-russias-richest-gain-51-billion-in-2019/ | 2021-06-25T06:41:03+00:00
To access this feature you must login or create an account.