Furthermore, data tracked by Forbes magazine shows that the assets of the rest of Russia’s rich list have shrunk. According to Forbes, Western sanctions have forced many billionaires out of their multibillion-dollar empires, while the stock market crash has reduced overall wealth estimates. The magazine also reported that 68 Russian businessmen with assets exceeding $1 billion as of December 2022 had their fortunes reduced during the year. Mordashov was followed by Tatyana Bakalchuk, CEO of Russian e-commerce and delivery giant Wildberries, whose fortune nearly halved to $4.7 billion. $7.5 billion) and the chairman of the Skolkovo Foundation, Viktor Vekselberg (decreased by 4.1 billion to $5.2 billion).

Source: Forbes January 16, 2023 13:16 UTC