Leonid Mikhelson

Russian billionaires gain leading wealth rebound

The 23 Russian billionaires on the Bloomberg Billionaires Index added $52.9 billion to their fortunes in 2019, the most in four years. The index is calculated basing on the share price of the companies, in which the billionaires have …

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Russian billionaires gain $36.3 bln

The combined fortune of Russia’s billionaires increased by $36.324 billion in January–July, Bloomberg reported in its Bloomberg Billionaires Index (BBI). The index is calculated basing on capitalization and financial …

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Forbes names Russia's wealthiest businessmen

The Russian edition of Forbes published the list of Russia’s 200 wealthiest businessmen. The list is topped by retailer Leonid Mikhelson, co-owner of Sibur and Novatek, with $24 billion. Vladimir …

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Russia's Novatek discovers new gas field

Yamal LNG operator Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay. The North-Obskoye field has …

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NOVATEK and Saudi Aramco agree on cooperation

Russia's NOVATEK signed a Memorandum of Understanding (MOU) with Saudi Aramco, the Saudi Arabian National Oil Company. According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG …

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Russian billionaires increase capital

The total capital of 28 Russian dollar billionaires increased by $17.09 bln in January-August period of this year, according to the updated Bloomberg Billionaires Index, TASS reports. Aleksei Mordashov, the main shareholder of …

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World Economic Forum opens in Davos

The World Economic Forum, which annually brings together leading representatives of political and business elites, will open in the Swiss ski resort of Davos today. According to organizers, its main theme is the beginning of the fourth industrial revolution, however, the participants will also discuss a number of pressing political and economic issues, including the unprecedented drop in oil prices, the lifting of sanctions against Iran and the terrorist threat.

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