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Friday, October 2, 2020

Meet the 10 richest documented Russian billionaires, who have a collective net worth of almost $180 billion


Net worth: $26.1 billion

Age: 59

Industry: Metals and mining

Source of wealth: Self-made; Norilsk Nickel; metals

Net worth year-over-year change: Down by $1.91 billion.

Most of Potanin's wealth comes from his stake in Norilsk Nickel, Russia's largest metal and mining company.

His Bloomberg profile calls him "the mastermind behind [Russia's] so-called loans-for-shares program," where individuals and companies lent money to the country in return for stakes in its natural resource companies.

In 1992, he joined forces with another Russian billionaire, Mikhail Prokhorov, to found Onexim Bank, one of the largest private banks in Russia.

Potanin has been married twice and has seven kids.

He's a part of The Giving Pledge, the charity founded by Bill and Melinda Gates and Warren Buffett, and is ice hockey buddies with Russian President Vladimir Putin.

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