The bulk of Gennady Timchenko's wealth is derived from energy holdings. His biggest asset is a 45 percent stake in Gunvor Group, the fourth-largest oil trader in the world. He also holds stakes in Novatek, Russia's second-largest gas producer after Gazprom, and Sibur, Russia's largest chemical manufacturer.
In less than a decade, Marco Dunand and Daniel Jaeggi have turned a 10-person company supplying oil to a pair of Polish refineries into the world’s fourth-largest commodity trader with revenue topping $100 billion last year.
The world’s 300 wealthiest people lost a combined $44.4 billion yesterday as global stocks tumbled the most in a month and the ruble dropped to an all-time low amid Russia’s growing military presence in Ukraine.
Sochi Olympics head Dmitry Chernyshenko knew three Western horror films when he was a child: “Nightmare on Elm Street,” “Friday the 13th” and “Miracle on Ice,” a film about the U.S.’s 4-3 defeat of the Soviet Union men’s hockey team at the 1980 Games.
OAO Novatek, Russia’s second-biggest natural-gas producer, is switching its focus to more profitable liquids production after gaining control of Siberian resources as changes to the domestic gas market stall.
OAO Novatek, the Russian company developing a liquefied natural gas project in the Arctic, is considering a tie-up with global energy trader Gunvor Group Ltd. as it prepares to ship LNG abroad for the first time.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.