Tag: Vagit Alekperov

Russia’s ultra-rich have seen their wealth swell over the past year despite punishing Western sanctions against Moscow over its invasion of Ukraine. CEO Magazine has published a new ranking of the richest Russians. The ranking is headed by Andrey Melnichenko, with an estimated net worth of $24.4 billion, followed by Vladimir Potanin, with a net worth of $23.7 billion, and Vladimir Lisin, with $22.1 billion.

The U.S. and EU apparently want to increase pressure on Putin through the oligarchs. The assets are mainly in bank accounts or real estate abroad. Or in ports. U.S. President Joe Biden fired a warning shot at Russian oligarchs during his State of the Union address on Tuesday evening, saying that the U.S. will seize much of their wealth in the country. "We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," Biden said in his address. "We are coming for your ill-begotten gains."