Number of Russian billionaires rises to 101

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Number of Russian billionaires rises to 101

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The number of billionaires in Russia grew to 101 from 62 last year.

12 March,2011 06:16 pm

In a recent survey of the worlds richest people, leading Russias billionaires is steel baron Vladimir Lisin. His estimated personal wealth of $24 billion has increased by some $10 billion since last year, moving him up 18 notches to place 14th among the richest.Lisin, one of Russias secretive tycoons, is followed by another metal magnate, Alexei Mordashov, the major shareholder and chief executive of Russias biggest steelmaker Severstal. Mordashov moved to 29 on the list from 70 a year ago.He replaced Mikhail Prokhorov, owner of the New Jersey Nets basketball team in the United States, as Russias second-richest man. Russias billionaires are known for fantastic displays of wealth that include buying sport teams around the world.Russia accounts for a third of Europes 300 billionaires, and 15 of the worlds 100 richest people, more than all the other so-called BRIC countries combined (Brazil, Russia, India and China) and more than Saudi Arabia, and its capital Moscow is home to 79 of Russias billionaires, more than any other city in the world.