Posted on 07/04/2025 11:13:40 PM PDT by Apparatchik
Russia's richest people received record dividends in 2024, according to Forbes Russia.
The top earner was Alexei Mordashov, who received 201.8 billion rubles in dividends from Severstal.
Russia's richest people collected record-high dividends in 2024, even as the country's economy showed clear signs of slowing, according to Forbes Russia on Thursday.
Total dividend payouts to the 50 wealthiest Russians reached a record 1.769 trillion rubles, or $22.3 billion, according to the publication. That's a sharp increase from each of the previous two years, when less than 1.4 trillion rubles were distributed.
The top earner was steel magnate Alexei Mordashov and his family. They received 201.8 billion rubles in dividends from Severstal, Russia's third-largest steelmaker.
Mordashov is the country's second-richest individual, with an estimated fortune of $28.6 billion, according to Forbes Russia.
Second on Forbes' dividend list was Vagit Alekperov, who earned 201 billion rubles from a 28% stake in oil giant Lukoil. Alekperov, who topped the dividend list last year with 177.4 billion rubles, is now Russia's richest person, with a net worth of $28.7 billion.
Another steel tycoon, Vladimir Lisin, came in third, earning 15.8 billion rubles in dividends from Novolipetsk Steel and the Volga Shipping Company.
All three feature on Bloomberg's list of the world's richest people: Alekperov in the 78th slot, Mordashov in 86th place, and Lisin in 88th.
While the country's wealthiest individuals enjoyed booming payouts last year, the broader Russian economy appears to be faltering.
Russia's manufacturing activity shrank in June at its fastest pace since March 2022, according to S&P Global. Factories shed jobs and cut purchasing activity, and business confidence fell to its lowest level since October 2022.
Russia's economy minister, Maxim Reshetnikov, warned last month that the country was "on the brink" of a recession.
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Might be impressive. You have to factor in Russia’s official 10.5% inflation rate, real inflation rate, and criminal oligarch expenses towards those companies.
Still, it might have been a good year for those Putin pals.
At least in the Russia they know enough to deal with rich people who decide to wonder into the political world with their money.
Even more so in USA. Guys who owns millions of shares in Nvidia, Tesla, palantir, Amazon, Google etc made Billions in 2025.
Military Summary Channel
https://youtu.be/pvy893eN8U
Russians continue to Lose as the the Ukies give up more ground.😄
Despite this, I never went hungry all year. I always had a roof over my head, safe in the bosom of the Lord.
I would not trade places. Ever.
That is pitins power base, if he doesn’t keep them happy he is gone, but also curious how much of those “dividends “ went to taxes?
Commie prop from Business Insider. No moral problems with the rich getting richer — unless they are stealing their riches or keeping others from getting rich.
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