A recent report from the Bloomberg Billionaires Index reveals a significant increase in the collective net worth of Russia’s wealthiest individuals. The combined wealth of these business magnates surged by over $24.5 billion in the first half of 2025, a remarkable jump attributed to fluctuating share prices of their associated companies.
Leading the pack is Vladimir Potanin, the owner of a substantial stake in Norilsk Nickel, who saw his personal fortune climb by a staggering $3.85 billion, reaching a total of $31.7 billion. This represents the most significant individual gain among Russian billionaires during this period.
Close behind Potanin is Vagit Alekperov, founder of Lukoil, Russia’s second-largest oil company. Alekperov’s net worth increased by nearly $1.5 billion, bringing his total to $26.8 billion. Alexey Mordashov, chairman of Severstal, also experienced substantial growth, adding $1.4 billion to his fortune, for a total of $24.7 billion.
However, not all Russian billionaires enjoyed such positive results. Vladimir Lisin, majority shareholder of NLMK, saw his wealth decrease by $1.72 billion, bringing his net worth down to $24.1 billion. This makes him the biggest loser among the Russian billionaires tracked by Bloomberg.
Other notable gains include Leonid Mikhelson, co-owner of Novatek, whose net worth grew by $1.31 billion, and Alisher Usmanov, a major shareholder in Metalloinvest and co-owner of MegaFon, whose wealth increased by $3.17 billion.
In contrast to the overall positive trend, Tatiana Kim, founder and CEO of Wildberries, Russia’s largest e-commerce platform, experienced a decrease of $345 million, bringing her net worth to $7.03 billion. Aleksandr Abramov, co-founder of Evraz, rounded out the list with a net worth of $6.88 billion.
The Bloomberg Billionaires Index, which tracks the daily fortunes of the world’s 500 richest individuals, relies on fluctuations in the share prices of companies linked to these individuals. The recent surge in the wealth of Russia’s elite underscores the dynamic nature of global markets and the significant impact of these fluctuations on individual fortunes.
