Owner of the Russian steelmaker Severstal Alexei Mordashov outpaced Leonid Mikhelson, major shareholder of the national gas producer Novatek, in the rating of the richest Russians, Forbes said on July 31.
Mordashov’s wealth is estimated at $16.8 billion, followed by Mikhelson with $16.2 billion, it said.
“The ascent of Mordashov was facilitated by a significant decline in Mikhelson’s wealth estimate because of a drop in Novatek shares price, rather than by growth in the value of his own assets,” the publication noted.
Mordashov’s assets value rose by $63 million from the last rating update, Forbes said. (Kazinform/Ukrainian metal)