In today’s global economy, the term “oligarch” has become synonymous with wealth and power. And while there are oligarchs from all over the world, Russia seems to have produced more than its fair share. Here, then, are the top 10 Russian oligarchs, based on their estimated net worth.
1. Igor Sechin
Igor Sechin is a Russian oligarch and government official considered an ally of Vladimir Putin. He was the trusted aide to Russia’s former mayor when he served in St Petersburg from 1994-2000 where they had mutual friends who introduced them at a party organization meeting which led to a years-long relationship that began during those times; this connection helped propel their partnership forward even though one became president while another held onto power through various elections until 2008 before finally stepping down officially but still keeping control over certain aspects like oil companies.
Sechin is a key member of Russia’s siloviki faction, which includes former intelligence agents. He has been sanctioned by many countries following their intervention in Ukraine but still remains influential with President Putin.
I’m going to go ahead and say it: Sechin probably needs no introduction! His nickname “Darth Vader” says enough about his personality for you…
2. Nikolay Tokarev
Nikolay Petrovich Tokarev is a Russian business magnate and oligarch. He serves as the president of Transneft, one Russia’s largest pipeline companies that pumps oil across Eastern Europe to supply tankers on the Baltic sea with refined petroleum products all year round.
The president of Russia’s Transneft company, Nikolay Petrovich Tokarev has been a major player in global oil distribution for years. He was born to an army doctor and grew up with four brothers after his parents were killed during World War II while serving on opposite sides – something which would follow him throughout life but also provide opportunities few others could imagine at the time!
3. Alisher Usmanov
The Uzbek-born Russian business magnate and oligarch, Alisher Burkhanovich Usmanov has an estimated net worth of $19.5 billion as reported by Bloomberg Billionaires Index in 2022 following his investments which included metal ores such as gold and silver during the collapse after World War II where he made most if not all his wealth through mineral extraction operations along with some other ventures including banking reform projects under President Putin’s governance.
When asked about how they managed to build up such vast fortunes so quickly after losing everything due diligence will always play an important role but at times luck can come into play too.
4. Petr Aven
Petr Olegovich Aven is a Russian oligarch, businessman, an economist who has been named in the Countering America’s Adversaries Through Sanctions Act. As such he cannot trade goods or services with countries on US sanctions lists due to his ties backcountry leaders like Vladimir Putin himself; this includes Alfa-Bank which makes him one of the biggest players currently active within Russia today. He serves both domestically as well externally under different roles at LettersOne Group (an international investment firm).
He is one of Russia’s most influential persons, with a net worth in excess of $1 billion. He heads Alfa-Bank (the country’s largest commercial bank), which he founded after purchasing Slavneft Bank from Roman Abramovitch for about half its value seven years ago; and serves as a board member at LetterOne Group, another prominent Moscow based enterprise.
5. Mikhail Fridman
Mikhail Fridman is a Russian oligarch and the co-founder of Alfa Group, which has operations in banking. He was born to Ukrainian parents but now holds Israeli citizenship as well due to his marriage with an Israeli woman who served in the military during Israel’s occupation over Palestinians. In 2017 he ranked seventh richest person within Russia according to Intellinews’ rankings until 2020 when he moved up four places reaching the number five spot thanks primarily because sale made by one company called Renova Holding Limited contributes about 25% extra income annually onto investor’s portfolio worth around $14 billion dollars.
6. Sergei Roldugin
The Russian cellist, businessman, and oligarch Sergei Pavlovich Roldugin is a close friend of Vladimir Putin. He’s been linked to several money laundering schemes for elites in his country, but after the European Union sanctioned him following Russia’s invasion into Ukraine he has gone on record saying that this will not stop him from doing what needs to be done when it comes down to business opportunities or politics.
When it comes to Russia’s most powerful man, few people know more than Sergei Roldugin. The godfather of Vladimir Putin’s daughter may be just another name on the list but this confidant has been friends with him since high school and introduced his future wife into society too.
7. Alexander Ponomarenko
The Russian billionaire oligarch who made his fortune in banking, seaports, and commercial real estate is now competing with other global elite for power. Forbes estimates Alexander Ponomarenko’s net worth at $3 billion dollars. A man known primarily for their business acumen has become one many influential people look up to—especially when it comes time to make investments that could potentially pay off big time!
8. Gennady Timchenko
Gennady Timchenko is a Russian oligarch and billionaire businessman. He founded the private investment group, Volga Group in 1997 with assistance from former friend Vladimir Putin who gave him his first export license back when they were just starting out years ago! As if that weren’t enough already though this guy has been so close friends since 1991 when he helped found Gunvor alongside other partner companies like Sibur Energy Drink Company or Gazprom Oil TradingHK among others while also being one of Russia’s richest men worth an estimated $1 billion dollars.
9. Alexei Mordashov
Russian billionaire oligarch Alexey Alexandrovich Mordashov is the head of a family that has controlled Severstal, one Russia’s most profitable companies. Mordaschwartz currently resides mainly between Moscow where he serves on numerous public boards – including those at state-owned giants like Rosneft or Gazprom to oversee what they do best while staying close enough so he can maintain control over everything going inside his own backyard.
He chairs and employs more than 50 thousand people worldwide as part of his family business – Severstal; which has interests across metal mining companies to energy ventures with an estimated net worth of $25 billion according to Bloomberg Billionaires Index (April 2021). rankings done by Forbes magazine puts him first among all Russian billionaires with 29% total assets under management!
10. Petr Fradkov
Petr Mikhaylovich Fradkov is one of the most influential Russian economists and bankers in modern history. He’s currently serving as both chairman and CEO for Promsvyazbank, but he also holds positions with two other major organizations – The Russian Export Center (RVC) where he serves as its general director since 2015; before that time period ends his current post will be re-designated President/CEO which means there are only three years left until retirement age.
