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No. of billionaires in Russia hits 140 in 2025, net worth at $580 bn
short by Ishita Ranganath / on Sunday, 28 December, 2025
Western sanctions forced billionaires to invest in Russia instead of abroad, skyrocketing number of ultra-rich, reported BBC. After Soviet Union break-up, entrepreneurs turned billionaires by owning massive firms formerly owned by the state, and exploiting opportunities of their country's capitalism. As per Forbes, Russia saw 140 billionaires with combined wealth of $580 billion, its highest ever.