Moscow leads cities with most billionaires
Baku, March 10 (AZERTAC). Moscow is home to more billionaires than any other city in the world, according to Forbes` annual list.
Just over two decades after the Soviet Union collapsed, there are now 78 billionaires living in the Russian capital. New York came in second place with 58 billionaires, and London only has half as many as Moscow with 39.
The United States is still the country with the most billionaires -- 425 -- though Russia is second with 96. China, which has 95 billionaires, is on third position after Russia.
The concentration of billionaires in Moscow, and the many more in other Russian cities like St. Petersburg, are among the class there known as oligarchs. Many of them benefited from the wave of privatization that followed the collapse of the USSR. Several cashed in on political, military or KGB ties that allowed them to snap up large stakes in Russia’s vast mineral and gas deposits.
As energy prices have ballooned over the past decade, so too have the net worths of the Russian titans of industry. That wealth has trickled down and is visible on the streets of Moscow, where Ferraris, Maserattis and Bentleys are a common sight.
Russia’s richest man, the metal baron Alisher Usmanov, ranked 28th on the Forbes worldwide list. He’s estimated to be worth some $18.1 billion. The richest man in Russia last year was Vladimir Lisin, another metal titan, but this year he dropped to 41st on the Forbes list from 14th. Still, he probably isn’t hurting much with an estimated worth of $15.9 billion.
Mikhail Prokhorov, the billionaire owner of the New Jersey Nets basketball franchise, who challenged Vladimir Putin for the presidency, but came in third in Sunday’s vote, placed 58th on the Forbes list with a value of $13.2 billion.
There are currently at least 1,226 billionaires in the world, according to Forbes which says that topping the list is the United States where 425 billionaires now reside.
Forbes’ latest listing of the world’s billionaires puts Mexico’s Carlos Slim Helu and family again on top, with a net worth of $69 billion.
Slim’s self-made fortune comes from telecommunications. The 72-year-old is chairman of Mexico’s Telmex. His fortune is down $5 billion from last year, says Forbes, owing to a decline in the share price of America Movil, another telecom company that accounts for more than half of Slim’s net worth.
Bill Gates and Warren Buffett of the U.S., who respectively have $61 billion and $44 billion, are next on Forbes’ list. Gates’ fortune comes from Microsoft, the software giant that he founded. Buffett’s comes from investment giant Berkshire Hathaway.
This year’s list netted more billionaires than ever before: 1,226 people worth a record $4.6 trillion collectively.
Berhard Arnault of France, owner of luxury goods maker LVMH, is fourth-richest, with $41 billion, followed by Spaniard Amancio Ortega ($37.5 billion). American Larry Ellison, head or Oracle corporation, ranks sixth ($36 billion).
The richest newcomer is Colombia’s Alejandro Santo Domingo Davila, described by Forbes as a 35-year-old bachelor living in New York City, who took over his father’s beer empire after his October 2011 death. His wealth: $9.5 billion.
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