The last rating from U.S. magazine Forbes reports Leonid Mikhelson, chief executive and co-owner of Novatek, has become Russia's richest men with wealth estimated at $14.4 billion, overtaking Vladimir Potanin.
The last rating from U.S. magazine Forbes reports Leonid Mikhelson, chief executive and co-owner of Novatek, has become Russia's richest men with wealth estimated at $14.4 billion, overtaking Vladimir Potanin.
According to TASS, Mikhelson is ranked 60th on the list of the world’s richest people with $14.4 billion fortune.
Leonid Mikhelson, apart from his stake in Novatek, Russia's No.2 gas producer and a leading shareholder in the Yamal LNG project, co-owns Russian petrochemical firm Sibur. Moreover, billionaire owns a stake in Russia's Promsvyazbank.
Reuters informs the number of Russians making the list has been falling rapidly in the past two years, with Western sanctions imposed on Moscow in 2014 for its role in the Ukraine crisis, falling oil prices and an economic downturn diminishing the fortunes of many.
