Page 2 - bne_newspaper_March_08_2019

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March 8, 2019 www.intellinews.com I Page 2
Novatek's Mikhelson tops Russian Forbes list with $24bn fortune
that is quickly expanding in the liquefied natural gas (LNG) segment in Russia and internationally.
This year the head of Russia's largest independent oil company and second-largest crude producer Lukoil Vagit Alekperov made it into the top three with a fortune of $20.5bn.
Forbes counted 98 businesspeople from Russia worth over $1bn, down from 106 people in
the previous rating. The newcomers include Said Gutseriev, the son of Mikhail Gutseriev of Safmar Group ($1.3bn net worth), and the owner of Russian online retailer Wildberries Tatyana Bakalchuk ($1bn).
The co-owner of Sibur petrochemical major Kirill Shamalov and the ex-son-in-law of President Vladimir Putin left the list (down from $1.4bn to $0.95bn). Mikhelson previously acquired a 17% stake in Sibur from Shamalov, increasing his stake to 48%.
Mikhelson's partner in both Novatek and Sibur is Gennady Timchenko, a sanctioned billionaire who is said to have close ties to Putin, who is estimated by Forbes to be worth $19.6bn.
Russian Market Data Value
1M YTD
Equity Indices
RTSI
1,192
-2%
11%
MOEX
2,494
-2%
5%
MSCI EM
1,056
1%
10%
S&P
2,771
1%
11%
NASDAQ
7,506
2%
14%
DAX
11,588
2%
10%
FTSE
7,196
0%
7%
Commodities
Price, $
1M YTD
Brent
65.9
5%
22%
WTI
56.2
4%
24%
Urals
74.2
-4%
65%
Gold
1,286
-2%
0%
Silver
15.1
-4%
-3%
Nickel
13,600
5%
28%
Copper
6,505
5%
9%
Aluminum
1,846
-2%
-1%
Equity Indices
Value
Russia Sectors performance % YTD
1M YTD
USD/RUB
65.92
0%
-5%
EUR/RUB
74.53
0%
-6%
Russia sectors performance % YTD
Oil & Gas Utilities Financials Consumers Telecoms M&M RTS MOEX
7
12
14 12
11.5 5.2
9
10
0 5 10 15 20
Source: MOEX, BCS GM
source: MOEX, BCS GM
Sectors: % return YTD