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Number of Russian Billionaires Grows by Third in 2 Years

The number of Russian billionaires has grown by 29 in two years despite geopolitical tensions between Moscow and therefore the West and economic sanctions, Russian Forbes said in its new list for 2018.


Forbes' ranking suggested that Russia’s wealthiest people lost an estimated $12 billion in at some point last week after seven Russian oligarchs were added to a U.S. sanctions blacklist over “malign activities.”

The headline "Number of Russian Billionaires Grows by Third in 2 Years" suggests a significant increase in the number of billionaires in Russia over a two-year period. If this headline is accurate, it indicates a rapid accumulation of wealth among the Russian elite within a relatively short timeframe.

Such a growth rate is noteworthy and may be driven by various factors, including favorable economic conditions, successful business ventures, or specific government policies that support wealth creation. However, it's also important to consider the broader context, such as income inequality, economic disparities, and the overall health of the Russian economy.

To provide more detailed insights or analysis on this topic, I would need additional information about the sources, specific data points, and the factors contributing to this increase in the number of Russian billionaires.

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