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02:48 GMT +3 hours19 December 2014
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Forbes says top 100 Russian billionaires worth over $522 bln

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The number of Russian billionaires has grown to over 100, with 10 unable to make it onto Forbes Russia magazine's rich list, the respected business daily Vedomosti said Friday.
MOSCOW, April 18 (RIA Novosti) - The number of Russian billionaires has grown to over 100, with 10 unable to make it onto Forbes Russia magazine's rich list, the respected business daily Vedomosti said Friday.

With a combined wealth of a staggering $522 billion, the Forbes 'golden hundred' list for Russia is topped by Oleg Deripaska, the head of holding company Basic Element, at $28.6 billion, who has seen his capital grow by over $11.8 billion from last year.

In second place is steel tycoon Alexei Mordashov, owner of Russia's largest steelmaker Severstal, with $24.5 billion, more than double his recorded wealth in 2007, while Chelsea soccer club owner Roman Abramovich slipped to third with $24.3 billion.

The fall in the value of the dollar is believed to be one of the reasons for the sharp rise in Russian billionaires, whose numbers have jumped by 50 to 110 since 2007, with $1.1 billion needed to make it into the 100 list compared with the 2007 figure of $660 million.

According to the Forbes global rich list published in March, Moscow has become the billionaire capital of the world with 74 billionaires overtaking New York.