BBI: Wealth of Russian billionaires falls by $147 mln Jan–May

MOSCOW, Jun 1 (PRIME) -- The combined wealth of 25 Russian billionaires fell by U.S. $146.6 million in January–May, Bloomberg said in a report accompanying its Bloomberg Billionaires Index (BBI) released on Friday.

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.

Alexei Mordashov, the majority shareholder of Russian steelmaker Severstal, remained the wealthiest businessman with assets rising by $338 million to $20 billion.

Vladimir Lisin, the key beneficiary of steelmaker NLMK, ranked second with the wealth rising by $1.61 billion to $19.6 billion.

The fortune of Leonid Mikhelson, CEO of independent gas producer Novatek, rose by $2.05 billion to $18.7 billion.

The wealth of Oleg Deripaska, owner of En+ Group, GAZ Group, Basic Element (BasEl) and RUSAL more than halved to $4.03 billion after the U.S. sanctions.

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