MOSCOW (Sputnik) – The joint fortune of 200 richest Russian entrepreneurs has decreased by $40 billion over one year to $456 billion, the Russian edition of Forbes magazine said on Thursday.
According to the magazine, oil market turbulence and the coronavirus pandemic are among reasons for such dynamics.
Forbes also published on Thursday the new ranking of richest Russian entrepreneurs.
A screen above the trading floor shows an intraday number for the Dow Jones industrial average, at the New York Stock Exchange, Wednesday, Aug. 14, 2019. Stocks are falling sharply after the bond market threw up another warning flag on the economy.
Vladimir Potanin, one of the co-owners of the metals and mining company, Nornickel, occupied the first place with a net worth of $19.7 billion. Potanin is followed by Leonid Mikhelson, the CEO of Novatek, the Russian gas producer, who has a net worth of $18.1 billion.
The news comes as oil prices hit an 18-year low due to the coronavirus pandemic and previous disagreements among producing countries, unable to conclude a deal on oil output cuts.
Sourse: sputniknews.com
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