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Animated: Change in Russian Billionaires’ Wealth Since 2022

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Animated: Change in Russian Billionaires’ Wealth Since 2022

When Russia invaded Ukraine in February 2022, many countries retaliated with sanctions targeting Russian billionaires—the oligarchs—and politicians directly.

And as the war has progressed, those sanctions have intensified, with even the relatives and shell companies of these billionaires being targeted over time. The reason? These oligarchs are interconnected to Russia’s government, lending vocal and fiscal support in exchange for sweetheart deals or beneficial government oversight.

This animation from James Eagle shows how the estimated net wealth of the 22 wealthiest Russian billionaires on the Bloomberg Billionaires Index in April 2023 has changed since January 2022, prior to the start of the conflict.

Net Wealth of Top Russian Billionaires

The 22 wealthiest Russian billionaires in April 20, 2023 lost a collective $90.4 billion in net worth since January 5, 2022.

RankNameMain IndustryNet Wealth
(Apr 20, 2023)
Net Wealth
(Jan 5, 2022)
% Change
1Vladimir PotaninCommodities$29.6B$31.1B -4.8%
2Leonid MikhelsonEnergy$27.2B$33.2B-18.1%
3Vladimir LisinIndustrial$21.5B$28.0B-23.2%
4Vagit AlekperovEnergy$19.1B$22.8B-16.2%
5Alisher UsmanovDiversified$19.1B$21.2B-9.9%
6Alexey MordashovIndustrial$18.1B$29.1B-37.8%
7Mikhail ProkhorovDiversified$14.3B$14.0B2.1%
8Gennady TimchenkoDiversified$13.2B$23.1B-42.9%
9Andrey MelnichenkoIndustrial$12.3B$17.8B-30.9%
10Mikhail FridmanDiversified$12.0B$14.1B-14.9%
11Dmitry RybolovlevDiversified$10.8B$11.2B-3.6%
12Andrey GuryevIndustrial$10.1B$8.0B26.3%
13Victor RashnikovIndustrial$9.1B$14.4B-36.8%
14Suleiman KerimovCommodities$8.9B$15.2B-41.4%
15German KhanDiversified$8.1B$9.6B-15.6%
16Roman AbramovichDiversified$7.7B$18.2B-57.7%
17Viktor VekselbergIndustrial$7.3B$18.6B-60.8%
18Leonid FedunEnergy$7.0B$8.9B-21.3%
19Alexander AbramovIndustrial$6.8B$9.1B-25.3%
20Vyacheslav KantorIndustrial$6.4B$9.1B-29.7%
21Petr AvenDiversified$5.8B$6.6B-12.1%
22Alexey KuzmichevDiversified$5.8B$7.3B-20.5%

The heaviest hit include Viktor Vekselberg, who holds a stake in UC Rusal, the world’s third largest aluminum producer. Since the start of the war, he’s lost an estimated $11.3 billion or 61% of his net worth from January 2022.

Roman Abramovich, who got his start in the early oligarchy through oil conglomerates, was also hit hard by the sanctions. He lost $10.5 billion or 58% of his net worth from January 2022, and was forced to sell Chelsea Football Club in one of the biggest sports team sales in history.

Notably, the richest oligarchs haven’t lost as much. Mining giant Norilsk Nickel’s largest shareholder, Vladimir Potanin, saw his net worth only drop by 4.8%. After being hit hard at the onset of the war in Ukraine, he quickly rebounded and at many times had an even higher net worth, reaching $35.6 billion in June 2022.

And a few oligarchs, like former Norilsk Nickel CEO Mikhail Prokhorov and phosphate-based fertilizer baron Andrey Guryev, saw their wealth increase since January 2022. Guryev grew his net worth by $2 billion or 26%, while Prokhorov (who formerly owned the NBA’s Brooklyn Nets) saw his net worth even out at a gain of $0.3 billion or 2%.

Oligarch Support of Russia (or Lack Thereof)

As Russia’s war with Ukraine has dragged on, and sanctions have continued to weigh on Russian billionaires, politicians, and companies, their effects have been uncertain.

Oligarchs have lost net worth, relinquished foreign businesses, and even had prized possessions like mansions and yachts seized. At the same time, though Russia’s economy has weakened under sanctions, bolstered trade with countries like China, India, and Saudi Arabia have kept it stronger than expected.

And though some oligarchs have voiced various concerns over the ongoing war, the wealthiest have been careful to toe the line. Russian billionaires and politicians that did vocalize criticism, including Lukoil chairman Ravil Maganov, have been found dead in apparent suicides, heart attacks, and accidents.

The most serious oligarch rebellion wasn’t due to economic hardships, but military operations. Oligarch and mercenary leader Yevgeny Prigozhin launched an attempted coup in June 2023, reportedly retreating after support from within Russia’s military quickly fizzled.

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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China

Which Countries Have the Most Economic Influence in Southeast Asia?

One country dominates this survey of who has the most economic influence in the region.

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A cropped bar chart depicting the countries/ regions identified by respondents as having the greatest economic influence in Southeast Asia.

Countries With the Most Economic Influence in Southeast Asia

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This chart visualizes the results of a 2024 survey conducted by the ASEAN Studies Centre at the ISEAS-Yusof Ishak Institute.

Nearly 2,000 respondents from 10 countries were asked to select which country/region they believe has the most influential economic power in Southeast Asia.

The countries surveyed are all member states of the Association of Southeast Asian Nations (ASEAN), a political and economic union of 10 countries in Southeast Asia.

Southeast Asia Perceptions: Who’s Got Economic Influence?

Across all ASEAN nations, China is regarded as the region’s most influential economic power.

Laos and Thailand had the highest share of respondents picking China, at 78% and 71% respectively. As the report points out, China is Laos’ largest foreign investor as well as its top export market.

Country🇨🇳 China🌏 ASEAN🇺🇸 U.S.
🇧🇳 Brunei64%18%8%
🇰🇭 Cambodia60%11%20%
🇮🇩 Indonesia54%28%8%
🇱🇦 Laos78%8%8%
🇲🇾 Malaysia67%17%9%
🇲🇲 Myanmar60%7%20%
🇵🇭 Philippines31%26%28%
🇸🇬 Singapore60%15%21%
🇹🇭 Thailand71%9%11%
🇻🇳 Vietnam53%29%11%

Note: Percentages are rounded.

Other ASEAN countries usually score highly as well, along with the United States.

It’s only in the Philippines, where China (31%), the U.S. (28%) and ASEAN (26%) were perceived as having a similar amount of influence.

ASEAN, Japan, and the EU

Filipinos also rated Japan’s economic influence the highest (9%) compared to those surveyed in other ASEAN countries. In 2023, the Southeast Asian bloc celebrated 50 years of friendship with Japan, marking it as one of their most important “dialogue partners.”

Country🇯🇵 Japan🇪🇺 EU🌐 Other
🇧🇳 Brunei3%1%7%
🇰🇭 Cambodia1%5%3%
🇮🇩 Indonesia5%1%3%
🇱🇦 Laos1%4%1%
🇲🇾 Malaysia4%0%2%
🇲🇲 Myanmar6%6%2%
🇵🇭 Philippines9%4%3%
🇸🇬 Singapore3%0%2%
🇹🇭 Thailand3%4%4%
🇻🇳 Vietnam3%3%2%

Note: Percentages are rounded. Other countries include: Australia, South Korea, India, and the UK.

The EU also received single-percentage responses, its highest share coming from Myanmar (6%), Cambodia (5%), and Laos (4%).

Finally, the report contrasted China’s robust economic influence with concerns about its growing impact in the region. Respondents from Vietnam (88%), Myanmar (88%), and Thailand (80%) had the highest levels of concern, despite their countries’ strong trade ties with China.

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