Tuesday, 02 March 2004

DESPITE YUKOS SCANDAL, IT WAS A GOOD YEAR FOR RUSSIAN BILLIONAIRES

Published in News Digest

By empty (3/2/2004 issue of the CACI Analyst)

\"Forbes\" magazine this month released its annual list of the world\'s billionaires, with Russia\'s representation increasing from 17 in 2003 to 25 this year. Jailed former Yukos CEO Khodorkovskii remains the richest person in Russia, at No. 16 on the \"Forbes\" list with an estimated worth of $15 billion.
\"Forbes\" magazine this month released its annual list of the world\'s billionaires, with Russia\'s representation increasing from 17 in 2003 to 25 this year. Jailed former Yukos CEO Khodorkovskii remains the richest person in Russia, at No. 16 on the \"Forbes\" list with an estimated worth of $15 billion. Fellow Yukos shareholders Leonid Nevzlin, Mikhail Brudno, Vladimir Dubov, Platon Lebedev, and Vasilii Shaknovskii -- all of whom have faced criminal fraud or tax-evasion charges since July -- also made the 2004 list. Leading Sibneft shareholder Abramovich ranked No. 25, followed by Alfa-Group head Mikhail Fridman (73), Interros head Vladimir Potanin (85), and Norilsk Nickel General Director Mikhail Prokhorov (90). Moscow has more billionaires than any city in the world with 23, except for New York (31). \"Forbes Russia\" Editor Paul Klebnikov told \"The Moscow Times\" that because Russian company shares continue to be \"massively undervalued,\" the number of Russian billionaires will likely continue to rise. (RFE/RL)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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