Russian billionaire gets richer thanks to Trump's election.

The wealth of Russian billionaires increased by $29 billion after Donald Trump won the US presidential election, Forbes reported. According to the magazine, this was due to the strengthening ruble and the rising value of Russian securities.

Russian billionaires became richer thanks to Trump's election.

Leonid Michelson, the managing director of Novatek, has seen his wealth increase significantly since November 8, 2016. According to Forbes magazine, the value of his shares has risen by $1.9 billion, reaching $18.2 billion.

Michelson topped the list of Russia's richest businessmen in 2016. The wealth of PJSC Severstal's board leader, Alexey Mordashov, also increased significantly, by $1.6 billion, while NLMK chairman Vladimir Lisin's increased by $1.4 billion.

Forbes noted that the wealth of American billionaires increased by an average of 2.8% after the election victory, while wealthy Russians became richer by an average of 7.1%.

According to Sputnik