Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Forbes Top 100: Younger, Richer

Itar-TassYelena Baturina
Russia's wealthiest people are younger, richer and more likely to have made their millions outside of oil or metals than they were last year, according to Forbes Russia's annual list of the country's 100 richest people slated for publication Friday.

The combined wealth of the country's "Golden Hundred" has increased by $4 billion to $141 billion, while the average age has fallen from 48 to 44, Forbes Russia said in a press release.

Meanwhile, owners of coal mines, supermarkets, car dealerships and even a pair of slot-machine tycoons have broken into the list. The ranking also underscores the rise of a new class of super-rich: stock market millionaires.

Chelsea Football Club owner and Chukhotka governor Roman Abramovich took first place, weighing in at $14.7 billion. Forbes' American edition had pegged Abamovich's fortune at $13.3 billion in its March tally of the world's richest, ranking him at No. 21.

Last year's big winner with $15.2 billion, Mikhail Khodorkovsky, saw his fortune reduced to a more modest $2 billion due to the government's legal assault on his Yukos oil company.

The smashing of Yukos pushed 10 businessmen associated with the company off this year's list entirely, Forbes Russia editor Maxim Kashulinsky said in an interview Thursday.

Khodorkovsky associates Leonid Nevzlin, Mikhail Brudno, Vladimir Dubov, Platon Lebedev and Vasily Shakhnovsky -- each of whom had been worth at least $1 billion on last year's list -- have vanished from this year's ranking.

This year's Forbes Russia list counts 30 billionaires, six fewer than last year.

The ranking is the magazine's second top-100 list, and its first since the murder of former Forbes Russia editor Paul Klebnikov last July, who was shot on his way home from work. Klebnikov's killers remain at large, and many have speculated his death may have been tied to the inaugural publication of the list.

Kashulinsky said that none of the people who appeared on last year's list had complained to the magazine, and that the magazine had never considered withholding this year's publication.

Almost one-fifth of this year's "Golden Hundred" hold elected office. The list comprises 18 government officials, including seven members of the Federation Council, six State Duma deputies, two regional parliamentary deputies, two republic presidents and one governor.

Forbes does not rank career government employees, but only those who are also businessmen, Kashulinsky said. The richest member of the Duma is Suleiman Kerimov from the Liberal Democratic Party, whose personal fortune of $2.6 billion is larger than the gross domestic product of Gambia.

Kalushinsky said Kerimov owed his newfound wealth to purchasing large amount of Russian stocks.

"There has appeared a new class of people: those who have big packets of stocks in large companies like Gazprom, Sberbank and UES," Kashulinsky said. "Gazprom, for example, rose three and a half times in the last three years. Anyone who invested $100 million in Gazprom three years ago would have made it onto the list this year."

Kerimov owns substantial stakes in Gazprom, Sberbank and UES, Kashulinsky said.

Moscow Mayor Yury Luzhkov's wife, Yelena Baturina, remains the only woman on the list. She earned $300 million over the last year, Forbes Russia said, increasing her fortune to $1.4 billion.

The poorest man on the list is United Russia Duma Deputy Nikolai Bortsov, who clocked in at $280 million.