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

• By Eddah Nafula

• 5961

• Last updated Jan 5, 2026

Recent data has shown that the wealth of Russia's richest people has reached a record $625.5 billion, marking an 8% increase from 2024.

Here’s a look at the top 10 richest Russians in 2026:

1. Vagit Alekperov – $ 28.7 Billion

• Age: 74 years
• #69 in the world today

The former president of Lukoil, Russia's largest private oil company, Alekperov continues to benefit from his significant shareholding in the company, despite stepping down from his executive role.

2. Alexey Mordashov – $28.6 Billion

• Age: 59 years 
• #71 richest person in the world as of 8/14/25 according to Forbes. 

Mordashov is the majority shareholder and chairman of Severstal, one of Russia's largest steel and mining companies. His wealth has grown due to the strong performance of the steel industry and his diversified investments.

3. Leonid Mikhelson – $28.4 Billion

Age: 69 years 

As the CEO and major shareholder of Novatek, Russia's largest independent natural gas producer, Mikhelson's fortune has been bolstered by the global demand for natural gas. 

4. Vladimir Lisin – $ 26.5 Billion

Age: 68 years 

Lisin is the chairman and majority shareholder of Novolipetsk Steel (NLMK), one of Russia's largest steel companies. His wealth reflects the company's strong market position and global steel demand. 

5. Gennady Timchenko – $ 23.2 Billion

Age: 72 years 

Timchenko co-founded Novatek and has substantial investments in the energy sector. His close ties to the Russian government have also played a role in his business success.

6. Vladimir Potanin – $ 24.2 Billion

Age: 64 years 

Potanin is the president and largest shareholder of Norilsk Nickel, the world's leading producer of nickel and palladium. His wealth is tied to the global demand for these metals.

7. Andrey Melnichenko – $17.7 Billion

Age: 53 years 

Founder of EuroChem, a major fertilizer producer, and SUEK, a leading coal company, Melnichenko's diversified interests in essential commodities have secured his place among Russia's richest. 

8. Alisher Usmanov – $16.5 Billion

• Age: 71 years 
• #149 in the world today

Usmanov has investments across various sectors, including metals, telecommunications, and technology. He is a significant shareholder in Metalloinvest, a major iron ore producer. 

9. Mikhail Fridman – $14.9 Billion

Age: 61 years 

Fridman co-founded Alfa Group, a multinational Russian conglomerate with interests in banking, insurance, retail, and telecommunications. His wealth reflects the group's diversified portfolio. 

10. Viktor Rashnikov – $9.6 Billion

Age: 76 years 

Rashnikov is the majority owner of Magnitogorsk Iron and Steel Works (MMK), one of Russia's largest steel producers. His fortune is closely tied to the steel industry's performance.

These richest people in Russia have built their fortunes through strategic investments and leadership in key industries. Despite global economic challenges, their wealth continues to grow, highlighting the resilience and influence of Russia's top billionaires. 

If you're interested in more details about any of these individuals or their business ventures, feel free to ask!