Despite sanctions and a volatile economic situation, the assets of Russia's richest businessmen have increased by 11.572 billion USD since the beginning of 2025, according to the Bloomberg Billionaire Index.
Russian billionaire Alisher Usmanov, a major shareholder of Russia's largest iron ore mining group Metalloinvest, recorded the highest asset increase of 3.91 billion USD, bringing his total asset value to 17.1 billion USD.
In addition, billionaire Suleiman Kerimov's assets, a member of the Russian Federation Council (the Russian Parliament), also increased sharply by 2.3 billion USD, reaching 9.34 billion USD.
While many Russian billionaires have risen rapidly, billionaire Vladimir Lisin, Chairman of the Board of Directors of NLMK Steel Group, has suffered the most damage. His assets fell $2.38 billion to $23.4 billion.
Since March 2012, Bloomberg has continuously published the Bloomberg Billionaire Index - a list of assets tracking of the 500 richest people in the world.
Despite many challenges from sanctions and geopolitical fluctuations, Russian billionaires continue to increase their assets, affirming their position in the global market.
According to Russian Prime Minister Mikhail Mishustin in the National Duma (lower house) on March 26, Russia is currently among the four largest economies in the world in terms of purchasing power parity (PPP). In 2024, Russia's GDP will grow by 4.1%, many times higher than the average of developed countries. Total GDP reached 200 trillion rubles ($2.3 trillion), nearly double that of 2020.
The Russian Prime Minister emphasized that it is noteworthy that the Russian economy has achieved these achievements in the context of the West continuously tightening sanctions, disrupting the supply chain and the financial system that has taken decades to establish.
