Top 10 Richest People in Cyprus and Their Net Worth in 2026

• By Eddah Nafula

• 1978

• Last updated Jan 5, 2026

When you think of Cyprus, you might picture beaches, ancient ruins, and relaxed Mediterranean life. But behind the scenes, Cyprus is also home to some seriously wealthy individuals. Thanks to its attractive tax laws and lifestyle, many billionaires have made this island their official home.

Today, let’s dive into the top 10 richest people in Cyprus in 2026, how they made their money, and where they stand now. Some were born here, some adopted Cyprus along the way—but all of them have fortunes that will make your jaw drop!

1. John Fredriksen – Net Worth: $17 Billion

At the top of the list, we have John Fredriksen, a Norwegian-born shipping tycoon who calls Cyprus home these days. With a net worth of $17 billion, Fredriksen ranks 119th globally on the Forbes Billionaires List 2026.

His story is straight out of a movie. In the 1960s, he started out trading oil in Beirut, hustling his way into buying his first tankers during the 1970s. By the 1980s, he was running oil shipments for Iran—talk about being bold!

Fredriksen’s empire today spans oil tankers, LNG carriers, dry bulkers, and even deepwater drilling rigs. His company Seadrill bounced back from bankruptcy in 2018, largely because of his leadership and ability to pull in over $1 billion in new funding.

Even though he lives in London most of the time, Cyprus is where he has anchored his financial home.

2. Vinod Adani – Net Worth: $14.9 Billion

Vinod Adani might be overshadowed a bit by his younger brother, Gautam Adani, but don’t get it twisted—Vinod is a billionaire powerhouse in his own right.

With a net worth of $14.9 billion, Vinod ranks 146th globally. Although he’s based in Dubai, he proudly holds Cypriot citizenship and manages a good chunk of the Adani Group's offshore investments from Cyprus.

Vinod played a huge role when Adani Group became India’s second-largest cement producer after a $10.5 billion buyout of Holcim’s Indian assets. Despite some tough times, like the 2023 accusations from Hindenburg Research, Vinod and the Adani empire have remained standing strong.

3. Yakir Gabay – Net Worth: $4 Billion

Next up is Yakir Gabay, a man who knows real estate like the back of his hand. With an estimated fortune of $4 billion, Gabay ranks 902nd on the Forbes list.

Gabay, who’s Israeli-Cypriot, made his name through a 15% stake in Aroundtown SA, one of Europe’s biggest property companies. Imagine managing a $30 billion real estate empire—that’s exactly what Gabay’s involved in.

Aroundtown also owns a controlling stake in Grand City Properties, boasting over 63,400 apartments in Germany and London alone. From humble beginnings at Israel’s Securities Authority to becoming a real estate giant, Gabay’s journey shows that playing the long game in property pays off.

4. Sergey Dmitriev – Net Worth: $2.6 Billion

Now let’s talk tech. Sergey Dmitriev, one of the brains behind JetBrains, is sitting on a $2.6 billion fortune, ranking him 1,408th globally.

Originally from Russia, Dmitriev co-founded JetBrains back in 2000. Fast forward to today—more than 10 million developers around the world use their tools! In 2023, Dmitriev cut ties with his Russian citizenship and fully embraced Cypriot life.

Dmitriev is part of the wave that’s turning Cyprus into a tech hub. If you hear of Cyprus being called the new "Silicon Beach," you’ll know guys like Dmitriev helped make it happen.

5. Igor Makarov – Net Worth: $2 Billion

Imagine going from riding a bicycle for your country to riding billion-dollar business deals. That’s the story of Igor Makarov, a former cyclist turned energy mogul, who’s worth $2 billion today.

Makarov founded Itera, the first independent gas company in Russia, and made huge moves in gas exports from Turkmenistan. Later, state-owned Rosneft bought Itera for a whopping $2.9 billion.

Makarov, originally from Turkmenistan, decided to call Cyprus home after renouncing his Russian citizenship in 2023. These days, he’s still a big name in global energy—and a proud Cypriot citizen.

6. Valentin Kipyatkov – Net Worth: $1.8 Billion

Another tech king on the list! Valentin Kipyatkov, co-founder of JetBrains alongside Dmitriev, is worth $1.8 billion, ranking 1,947th.

JetBrains was one of the top software companies in Russia until 2022 when it pulled out completely. Like Dmitriev, Kipyatkov gave up his Russian passport and is now based fully in Cyprus.

Thanks to entrepreneurs like him, Cyprus is no longer just about beaches and holidays—it’s a serious place for tech innovation too.

7. Stelios Haji-Ioannou – Net Worth: $1.3 Billion

You’ve probably flown on an easyJet flight without even knowing it’s tied to Cyprus! Stelios Haji-Ioannou is the founder of easyJet and still owns about 4% of the company. His net worth in 2026 stands at $1.3 billion.

Stelios didn’t just stop at airlines. Through his company easyGroup, he’s licensed out the “easy” brand to everything from hotels to cars and coffee shops.

Even though easyJet is based in the UK, the Haji-Ioannou family’s roots and a big part of their fortune are deeply connected to Cyprus.

8. Clelia & Polys Haji-Ioannou – Net Worth: $1.2 Billion Each

Sibling goals, anyone? Clelia and Polys Haji-Ioannou, Stelios’s brother and sister, are also billionaires with $1.2 billion each to their names.

Clelia built her fortune not just from easyJet shares but also from a luxurious real estate empire worth about $240 million across London, Monaco, and Greece. On the side, she’s an art collector, owning masterpieces by Picasso and Warhol.

Polys, meanwhile, kept closer to the shipping world and owns a fleet of 14 tankers. Like Clelia, he’s heavily invested in real estate across Europe.

The Haji-Ioannou siblings have kept the family’s legacy alive and well—and very, very rich.

9. Vladimir Krupchak – Net Worth: $1.2 Billion

Last but definitely not least, we have Vladimir Krupchak, with a net worth of $1.2 billion.

Krupchak made his money mainly in the pulp and paper industry, controlling Russia’s biggest cardboard and pulp producer, Arkhangelsk Pulp and Paper Mill (APPM).

His business career wasn’t without drama. He had some intense corporate battles in the early 2000s, including one with another Russian billionaire, Oleg Deripaska. After relocating to Cyprus, Krupchak has been quietly managing his investments from the island, enjoying the peaceful life (and the generous tax breaks too, of course).

10. Dmitry Rybolovlev

Net Worth: $1.1 billion

Global Ranking: 2,800th (Forbes 2026)

Dmitry Rybolovlev is a Russian-born billionaire investor who has made Cyprus his home. He gained prominence through his investments in the fertilizer industry, particularly with Uralkali, one of the world's largest producers of potash. After selling his stake in Uralkali, Rybolovlev diversified his investments into real estate and sports.

In the real estate sector, Rybolovlev has acquired several high-profile properties across the globe, including estates in the United States, Europe, and the Caribbean. His investments have not only solidified his wealth but also contributed to his reputation as a savvy investor.

Additionally, Rybolovlev is known for his involvement in sports, particularly football. He owns AS Monaco FC, a prominent football club in the French league. His ownership has seen the club achieve significant successes, further enhancing his profile in the sports world.

Now residing in Cyprus, Rybolovlev continues to manage his diverse investment portfolio, contributing to the island's reputation as a hub for affluent investors and entrepreneurs.

Final Thoughts

Looking at this list, one thing is crystal clear: Cyprus has become a serious playground for billionaires.

Some were born into wealth, others built it from scratch, but all of them saw the value in making Cyprus their home. Whether it’s shipping, tech, real estate, or energy, these moguls have found a winning combination of business and lifestyle on the island.