Russian billionaires wealth rose 11% amid Ukraine war & West's sanctions: Report

Russian billionaires’ wealth rose 11% to a record $696.5 billion over the past year despite the war in Ukraine and Western sanctions, Reuters reported, citing Forbes Russia. Russia's richest men's ​wealth has risen as disruptions to trade flows ⁠have boosted commodity prices. Forbes ranked Alexei Mordashov as the richest, with a $37 billion fortune, up $8.4 billion from last year.