Russia's richest oligarchs | Top 5 Richest Russian Billionaires

Who are Russia's richest oligarchs? In this video we look at the top 5 richest Russian billionaires. Russia's economy has gone through a lot of ups and downs, especially since the dissolution of the Soviet Union and dealing with the pandemic! Russian billionaires, also known as oligarchs, are one group that has remained relatively robust. While the rest of the country was suffering from a slumping economy, the wealthy elite were enjoying life to the fullest. In fact, billionaires like Alexey Mordashov, Russia's richest billionaire, have thrived. His fellow billionaires Alisher Usmanov, Leonid Mikhelson, Vladimir Lisin, and Vladimir Potanin are buying mansions, boats, and even promoting Russian art around the world with their money.

• Alexey Mordashov: Alexey Mordashov is a Russian business magnate worth billions of dollars.He is the main shareholder and chairman of Severstal, Russia's largest steel and mining company.
• Alisher Usmanov: Alisher Burkhanovich Usmanov is an Uzbek-born Russian businessman and oligarch. He is among the world’s 100 wealthiest people.
• Leonid Mikhelson: Leonid Mikhelson is the CEO, chairman and major shareholder of the Russian gas company Novatek.
• Vladimir Lisin: This russian oligarch is the majority shareholder of Novolipetsk, one of the four largest steel companies in Russia.
• Vladimir Potanin: This business oligarch is the president of Norilsk Nickel, the world's largest producer of high-grade nickel.

Being a billionaire in Russia entails not just having links to the nicer things in life, but also potentially having political ties. Russia is an oligarchy, which means that it is governed mostly by powerful politicians and wealthy individuals who behave in their own best interests. It's not difficult to work your way up the political ladder when you have a lot of money!

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