Top-20 heirs of Russian billionaires Forbes rating
The fortune of parents was divided by the total number of recognized children. Therefore, seven Abramovich's children were not included in the rating at all, and the heirs of Friedman and Potanin, who announced the transfer of their capital to charity, vice versa.
The Russian version of Forbes magazine published the rating of the richest heirs of Russian billionaires.
According to the publication, today in Russia there are 96 dollar billionaires with the total fortune worth of $386 billion. Forbes notes that they have a total of 274 children, which implies that each child of the billionaire accounts for an average of $1.4 billion of parental capital.
This Forbes rating includes only 20 families, which account for 47 heirs. An amount of $2.3 billion for each child was taken as the threshold for the list of the richest heirs. The rating methodology was based on dividing the sum of the billionaire's fortune by all of his recognized children.
Thanks to this principle, the children of Roman Abramovich, for instance, are not featured in the list at all. The billionaire has seven children and each account for less than 1.3 billion dollars, which is actually below the average point. The drafters did not take into account the loud statements of businessmen Mikhail Friedman and Vladimir Potanin, who claimed that they would use all their capital for charitable purposes without leaving hefty sums to the heirs.
The top-5 of the richest heirs of Russian billionaires has not changed in comparison with the similar rating of the previous year.
The son of Lukoil's president Vagit Alekperov Yusuf leads the list again with a fortune of $14.5 billion (in 2016 his estate was $8.9 billion). The only son of the Head and the main shareholder of Lukoil is 27 years old. In 2012 he graduated from the Gubkin Russian State University of Oil and Gas with a major in developing oil fields. Last year the entrepreneur told the press that Yusuf was working as a technologist on Siberian fields and "will continue to build his life on his own".
The second place is still taken by the daughter of the beneficiary of EuroChem and SUEK Andrey Melnichenko. The estate of five-year-old Tara Melnichenko also increased significantly compared to last year, from $8.2 billion to $14.2 billion.
The children of the owner of NOVATEK and Sibur Leonid Mikhelson – a daughter born in 1992 and a son born in 2015, took the third line of the rating with 9.2 billion dollars for each ($7.2 billion according to data for 2016).
The next in the Forbes list are Alexis Kuzmichev, the son of the shareholder of Alfa Group Alexey Kuzmichov, who accounts for $7.2 billion. 23-year-old daughter of the founder of Magnit Sergey Galitsky Polina ranks fifth with 6.8 billion dollars of inheritance.
The increase of the son of the main shareholder of UMMC Iskander Makhmudov Dzhakhangir, who after graduating from the London School of Economics and Business School Hult, works as a Deputy Director of Chelyabinsk Zinc Plant, resulted in him being the sixth place in the rating with 6.5 billion dollars. Thanks to this, Dzhangakhir Makhmudov pushed Viktor Vekselberg's adult children Irina and Alexandra with $6.2 billion each down for one position.
The 8th and 9th places are occupied by three children of Vladimir Lisin and Gennady Timchenko – 5.4 billion dollars and 5.3 for each.
The only daughter of the president of UMMC Andrey Kozitsyn with an estate worth 4.3 billion dollars comes tenth. The publication notes that on her 18th birthday, Maria enjoyed academic success, first graduating from school with a gold medal, and then being on the list of the most talented students of the Economics Department of the Higher School of Economics. Two daughters of Viktor Rashnikov (with $4.15 billion) occupy the 11th place, and the daughters of the ex-owner of Uralkalia Dmitry Rybolovlev Ekaterina and Anna (28 and 16 years old), according to the publication, can receive less than 3.65 billion, which puts them on the 12th place.
The heirs of Mikhail Fridman (four children), six children of Alexey Mordashov, Vladimir Potanin (five heirs), children of Mikhail Gutseriev, Leonid Fedun and German Khan were also included in the rating. The newcomer of this year was the family of the largest shareholder of UC Rusal Oleg Deripaska. His children, Peter and Mary, occupy the 18th place with 2.55 billion dollars each.
Children of the Chairman of the Board of Directors of Alfa-Bank Group Petr Aven, Denis and Daria, are on the 20th place, each of them accounts for $2.3 billion each.
According to Forbes, only eight people out of all the ‘golden children’ work in the structures of their fathers. They are Yusuf Alekperov, Dzhakhangir Makhmudov, Alexander Vekselberg, Dmitry Lisin, Kseniya Frank (daughter of Gennady Timchenko), Olga Rashnikova, Said Gutseriev and Anastasia Potanina. The remaining participants in the rating of heirs work in companies not belonging to their parents, or are unemployed. Only 21 people out of 47 participants of the rating have received higher education so far.
Saburova believes that the Russian authorities violated articles 2 and 5 of the European Convention for the Protection of Human Rights and Fundamental Freedoms, guaranteeing the right to life, as well as the right to freedom and personal inviolability.