MOSCOW, Apr 2 (PRIME) -- The combined wealth of 27 Russian billionaires fell by U.S. $190.9 million in January–March, Bloomberg said in a report accompanying its Bloomberg Billionaires Index (BBI) released on Monday.
The index is calculated based on capitalization and financial reports of companies owned by businessmen, or on a ratio between capitalization and earnings before interest, taxes, depreciation and amortization (EBITDA) or a ratio between a share price and earning per share.
Alexei Mordashov, the majority shareholder of Russian steelmaker Severstal, remained the wealthiest businessman with assets falling by $362 million to $19.3 billion.
Vladimir Potanin, president of metals giant Norilsk Nickel, ranked second with his wealth growing by $175 million to $19.1 billion. The fortune of Leonid Mikhelson, CEO of independent gas producer Novatek, rose by $1.9 billion to $18.6 billion.
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