Contents tagged with Leonid Mikhelson

  • Kremlin starts dividing budget between Russian billionaires

    The Russian government has officially initiated a process of allocating billions of rubles of assistance to major businesses as part of several national projects that are meant to bring the economy’s growth rate up to world levels, fight poverty and bring about a technological leap.

    The first on the list of billionaires, officials and state corporation directors is Novatek owner Leonid Mikhelson, the wealthiest Russian with an estimated net worth of $24 billion according to Forbes.

    Russian …