Russian billionaire gets richer thanks to Trump's election

The fortunes of Russian billionaires increased by $29 billion after Donald Trump won the US presidential election, Forbes writes. According to the magazine, the reason was the strengthening of the ruble and the increase in the value of Russian securities.

Russian billionaires get rich thanks to Trump's election.

The fortune of Leonid Michelson, the head of Novatek's management, has increased by the maximum since November 8, 2016. The value of the businessman's shares, as Forbes magazine writes, increased by 1.9 billion and reached 18.2 billion dollars.

Mr. Michelson topped the ranking of the richest Russian businessmen in 2016. The assets of the head of the board of directors of PJSC Severstal, Mr. Alexey Mordashov, also increased significantly, by $ 1.6 billion, and the Chairman of NLMK Vladimir Lisin increased by $ 1.4 billion.

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

According to Sputnik