Russia’s Forbes Сash Kings List changes its leader

Russia’s Forbes Сash Kings List changes its leader
Sergei Galitsky

Sergei Galitsky replaced Kiril Shamalov on the top of the list.

Forbes magazine has published a new rating of Russian billionaires with the highest incomes or the so-called Сash Kings List. The journal’s analysts made a list on the basis of the gross income of entrepreneurs, excluding taxes, the cost of servicing loans and commissions. The magazine estimated revenues at the cost of the sold assets and the amount of the received dividends.

Sergei Galitsky took the first place of the rating, who sold 29% of Magnit supermarket chain for 138 billion rubles a year earlier. According to the magazine, during the reporting period (from February 10, 2018 to February 8, 2019), the businessman earned $2.44 billion.

In 2018, Sibur's board member Kirill Shamalov with $ 2.3 billion took the first place in terms of revenue. This year, he was not included in the rating.

On the second place is Mikhail Prokhorov, who had taken the fifth place last year. His raise happened due to a profitable sale of shares of Rusal and the Brooklyn Nets basketball club.

Vladimir Lisin, Chairman of the Board of Directors of NLMK, retained the third place. His income reached $ 1.59 billion against $ 1.23 billion a year earlier. The main source remained the same: dividends from the group, but during the reporting period their size increased by one third, the authors of the rating note.

Owner of Severstal Alexei Mordashov took the fourth place; last year he was the second. The magazine estimated his revenue at $ 1.46 billion, which is slightly less than a year ago. The main source is the dividends of Severstal.

Alisher Usmanov closes the top five list with an income of $ 1.12 billion. It is noteworthy that last year the businessman was ranked the tenth. He gained his revenue after the sale of shares in the football club Arsenal and the dividends of Metalloinvest.

Viktor Vekselberg ($ 710 million), Roman Abramovich ($ 600 million) and Suleiman Kerimov ($ 490 million) close the list.

Thus, there are four newcomers in top list: Galitsky, Vekselberg, Potanin and Abramovich. Last year members of the list Shamalov, Dmitry Rybolovlev, Oleg Deripaska, Viktor Rashnikov were not included in the new rating.

Tags: Oligarchs
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