Bloomberg: Russian billionaires lose $74 mln in January–June

MOSCOW, Jul 3 (PRIME) -- The combined wealth of Russian billionaires decreased by U.S. $74 million in January–June, according to Bloomberg Billionaires Index (BBI) released on Monday.

Steel producer Severstal’s owner Alexei Mordashov had the largest wealth of $15.8 billion, losing $1.11 billion. CEO of gas producer Novatek Leonid Mikhelson had $15.8 billion, losing $1.5 billion and ceding the leadership in the rating to Mordashov.

President of metals giant Norilsk Nickel Vladimir Potanin had $15.5 billion, losing $1.08 billion.

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.

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