You're reading: The Moscow Times: Russia’s richest families a mix of old faces and newcomers

The Moscow Times: Russia’s richest families a mix of old faces and newcomers

Published Aug. 28, 2019. Updated Aug. 28 at 5:30 pm

Russian oligarch Arkady Rotenberg (R) and his younger brother Boris, infamous for their ties to Russia's illegal Kerch Strait bridge and their family's controversial ownership of Kyiv's Ocean Plaza shopping mall, now face the prospect of asset seizures, visa bans and surveillance after the U.K. government and security services announced new plans to tackle Russian oligarchs with ties to London.

Photo by AFP

Three families have entered Forbes Russia’s 2019 list of the country’s 10 wealthiest dynasties, which is dominated by perennial leaders Mikhail Gutseriyev and the Rotenberg brothers.

The business magazine estimates that Russia’s 10 richest families earned a combined $25 billion this year, slightly up from $24.98 billion in 2018.