BBI: Russian billionaires’ fortune rises by $3.3 billion in Jan–Jun

MOSCOW, Jul 3 (PRIME) -- The combined fortune of Russia’s 24 billionaires increased by U.S. $3.271 billion in January–June, Bloomberg said in a report accompanying its Bloomberg Billionaires Index (BBI) released late on Monday.

The index is calculated basing on capitalization and financial reports of companies owned by the businessmen, or on a ratio between capitalization and earnings before interest, taxes, depreciation and amortization (EBITDA) or a ratio between a share price and earnings per share.

CEO of independent gas producer Novatek Leonid Mikhelson is the wealthiest person in Russia with a fortune of $18.9 billion, up by $2.23 billion since January 1. Alexei Mordashov, the majority shareholder of steelmaker Severstal, was number two with $18.9 billion, down by $804 million. The fortune of Vladimir Lisin, the major beneficiary of steelmaker Novolipetsk Steel (NLMK), rose by $475 million to $18.5 billion since the beginning of the year.

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