Russia posted a historic 146 billionaires in this year’s Forbes rich list boasting a combined wealth of $625.5bn – a new record. The number and net worth of Russia’s collected tycoons both increased despite the West efforts to sanction the men consider “close to Putin” and confiscate their assets.

Russia has added 15 new billionaires to Forbes’ annual ranking of the world’s richest people over the past year, placing it fifth globally in terms of newcomers. Despite sanctions and the fallout of the full-scale invasion of Ukraine,

Forbes recently released its list of the richest people in the world, and a familiar billionaire topped the list for the first time since 2022.