Russian billionaires get rich on $29 billion after the victory trump

Russian billionaires get rich on $29 billion after the victory trump

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Russian businessmen from the Forbes list made a fortune of $29 billion since then, as the election of the President of the United States won the Donald trump. This dynamics edition connects with the strengthening of the ruble and the rising cost of Russian shares

After winning Donald trump on the election of the President of the United States the condition of the Russian billionaires has increased by $29 billion, writes Forbes. The publication notes that the increase is associated with the strengthening of the national currency and raising the value of Russian securities.

So, thanks to growth of 16% stake in NOVATEK’s share of the former shareholder of oil trader Gunvor Gennady Timchenko (23%) increased in price to $1.8 billion, according to Forbes. As the newspaper notes, after Timchenko sold belonged to him 43% in Gunvor, to track changes in fortune, much of which was private, on a daily basis has become more difficult. In the list of 200 richest businessmen of Russia of 2016, according to Forbes, Timchenko occupies the fifth place with a fortune of $11.4 billion, at the time of publication of the material his fortune is estimated at $15.1 billion

More all from 8 November 2016 his fortune multiplied the Chairman of the Board of NOVATEK Leonid Mikhelson — the value of its assets rose $1.9 billion to $18.2 billion In the rating of the richest Russian businessmen 2016 Michelson took first place with a fortune estimated at $14.4 billion

The state Chairman of the Board of Directors of JSC “Severstal” Alexey Mordashov increased by $1.6 billion, as the head of NLMK Vladimir Lisin — $1.4 billion While the latter made a fortune of approximately $830 million during the first three days after winning trump.

“A large part of the resources sector received a boost amid the US election. I don’t know why people are betting on the positive impact of trump as President. I’m not sure that the promises that he has given, will be easily implemented. But again, as they say, the market is always right. If people think that this is so, then stocks go up” — are the words of article Societe General analyst Sergey Donskoy.

The combined wealth of Russian billionaires since the election trump increased by $29 billion — more than any other country except the United States, emphasizes Forbes. However, as the newspaper notes, at the time, as the state of the American billionaire after elections has increased on average by 2.8%, the most wealthy Russians have become rich on average by 7.1%.

The publication concludes that to become even richer Russian billionaires were helped by the strengthening of the Russian ruble, which is in 2016 has grown by 20% amid rising oil prices and expectations of improvement of Russia’s relations with the United States.