BBI: Russian billionaires lose $23 bln in January–July

MOSCOW, Aug 3 (PRIME) -- The combined wealth of Russia’s billionaires decreased by U.S. $23.1 billion in January–July, as seen by PRIME in data of the Bloomberg Billionaires Index (BBI) on Monday.

The index is calculated basing on capitalization and financial reports of companies owned by the businessmen, or on capitalization to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio and or a share price to earnings per share ratio. The rating comprises 500 wealthiest people of the world, including 23 Russians.

Vladimir Potanin, one of the core owners of metals giant Norilsk Nickel, was ranked number one among the richest Russians with his fortune falling by $1.56 billion in January–July to $26.5 billion.

CEO of independent gas producer Novatek Leonid Mikhelson occupied the second position with an $19.2 billion wealth, which has shrunk by $5.34 billion since the beginning of the year.

Vladimir Lisin, the main beneficiary owner of steel producer Novolipetsk Steel (NLMK), was third with his fortune decreasing by $2.77 billion to $18.6 billion.

Alisher Usmanov, owner of metals holding Metalloinvest and mobile operator MegaFon, rose to the fourth place from the fifth with his wealth rising by $1.91 billion to $18.6 billion. Core owner of steelmaker Severstal Alexei Mordashov ascended by one step to the fifth position with wealth shrinking by $2.1 billion to $17.8 billion.

End