Latest news with #AlexeiMordashov
See - Sada Elbalad
20-04-2025
- Business
- See - Sada Elbalad
Russia's Richest Billionaires Fortune Rises to $625.5 Billion
Taarek Refaat Forbes magazine revealed that the wealth of Russia's richest people increased by more than 80%, bringing their combined fortunes to $625.5 billion, representing 146 billionaires, according to its Russian-language list of Russia's Richest People. Vagit Alekperov, the former head of Lukoil, topped the Forbes list for the second year in a row, with a fortune of $28.7 billion. Alekperov resigned from his position as head of Lukoil in 2022 after Britain imposed sanctions on him. Alexei Mordashov ranked second with a fortune of $28.6 billion, moving up from fourth place on last year's list. Forbes reported that 15 completely new billionaires joined the list, most notably Vikram Punia, the Indian-born owner of pharmaceutical company PharmaSynthetics, with a fortune of $2.1 billion. Here is a list of the 10 richest billionaires: 1) Vagit Alekperov - $28.7 billion 2) Alexei Mordashov - $28.6 billion 3) Leonid Mikhelson - $28.4 billion 4) Vladimir Lisin - $26.5 billion 5) Vladimir Potanin - $24.2 billion 6) Gennady Timchenko - $23.2 billion 7) Andrei Melnichenko - $17.4 billion 8) Pavel Durov - $17.1 billion 9) Alisher Usmanov - $16.7 billion 10) Suleiman Kerimov and family - $16.4 billion read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
Reuters
17-04-2025
- Business
- Reuters
Wealth of Russia's richest people rises to record $625.5 billion
MOSCOW, April 17 (Reuters) - Russia's richest people saw their wealth rise by more than 8% to $625.5 billion over the past year, with at least 146 billionaires listed by the Forbes Russian-language list of the wealthiest people in Russia, the magazine said on Thursday. Vagit Alekperov, former boss of the Lukoil oil company, topped the Forbes list for a second year, with a fortune of $28.7 billion. He resigned as president of Lukoil in 2022 after Britain imposed sanctions against him. Alexei Mordashov took second place in the rating with wealth of $28.6 billion, rising from fourth place in last year's list. Forbes said there were 15 completely new billionaires in the ranking, the richest of which was Indian-born Vikram Punia, owner of pharmaceutical company Pharmasyntez. Forbes said he had a fortune of $2.1 billion. None of the billionaires listed by Forbes could be immediately reached for comment. The richest 10 billionaires are listed below: 1) Vagit Alekperov - $28.7 billion 2) Alexei Mordashov - $28.6 billion 3) Leonid Mikhelson - $28.4 billion 4) Vladimir Lisin - $26.5 billion 5) Vladimir Potanin - $24.2 billion 6) Gennady Timchenko - $23.2 billion 7) Andrei Melnichenko - $17.4 billion 8) Pavel Durov - $17.1 billion 9) Alisher Usmanov - $16.7 billion 10) Suleiman Kerimov and family - $16.4 billion
Yahoo
29-01-2025
- Business
- Yahoo
Russia earns billions of euros by exporting timber to EU in violation of sanctions, Earthsight investigation reveals
Russian companies have supplied over €1.5 billion worth of timber to the EU since the imposition of sanctions, using third countries to bypass restrictions. Source: an investigation by the British non-profit organisation Earthsight Details: Earthsight investigators, posing as buyers, recorded testimonies from traders who openly acknowledged the illegality of their activities, referring to the established methods of circumventing sanctions as a "gold mine". The investigation found that seven of the ten largest Russian exporters of birch plywood continue to supply products to the EU despite sanctions imposed in July 2022. The organisation estimates that over 500,000 cubic metres of timber, worth more than €1.5 billion, have been exported from Russia to the EU via third countries, including China, Kazakhstan and Türkiye. An analysis of trade statistics and customs records reveals that the business of these companies is thriving. For instance, imports recently hit a record high, with over 700 cubic metres of timber arriving at EU ports every day. Moreover, all 27 EU member states are likely receiving illegal plywood, with Poland accounting for the largest share of shipments, followed by Germany, Spain, Portugal, Italy and Estonia. Investigators have also found that two of the seven Russian companies are linked to oligarchs who met with Kremlin ruler Vladimir Putin on the day of Russia's invasion of Ukraine. One of them, Alexei Mordashov, is on the EU sanctions list. Another, Vladimir Yevtushenkov, is the main shareholder of Russia's largest logging company. In addition, Belarusian state-owned companies are also involved in illegal timber trade in the EU. The investigation also revealed that several European companies may be involved in purchasing illegal Russian plywood through traders. Among the buyers of Russian timber are Bulgarian company Walltopia, a supplier of climbing walls for the 2024 Olympic Games, Estonian firm Technomar & Adrem, which works with Hilton and Marriott chains, Polish company Werxal, which supplies furniture for Black Red White, and Bulgarian toy manufacturer Komfort. The list also includes Spanish company Forest Trafic and Italian firm Castellana Legnami. Background: EU countries are reportedly being supplied with furniture and timber produced using the forced labour of Belarusian convicts, including political prisoners. Support UP or become our patron!
