Billionaires in metals and mining are micro-minority

The year 2020 has been like no other. In pandemic year, there were rapid-fire public offerings, surging crypto currencies and skyrocketing stock prices. The total number of billionaires on Forbes 35th Annual List of The World’s Wealthiest exploded to an unprecedented 2755, up by 660 in 2019.

Altogether these billionaires are worth USD 13.1 trillion, up from USD 8 trillion in 2020. The top 5 spots were taken by Jeff Bezos of Amazon, Elon Musk of Tesla, Bernard Arnault of LMV, Bill Gates of MicroSoft and Mark Zuckerberg of FaceBook.

However there were only 66 billionaires from our world of steel, metals & mining, accounting for meagre 2.4% by number and 3.2% by worth.

Significantly, 22 or 33% billionaires known as Oligarchs from former USSR account for 43% wealth out of 66 billionaires from steel, metals & mining. The top 10 billionaires in steel, metals & mining are:

  1. Alexey Mordashov of Severstal — Rank 51
  2. Vladimir Potanin of Nornickel – Rank 55
  3. Vladimir Lisin of NLMK – Rank 59
  4. German Larrea Mota Velasco of Grupo Mexico – Rank 61
  5. Gina Rinehartof Hancock Prospecting – Rank 70
  6. Iris Fontbona of Antofogasta – Rank 74
  7. Andrew Forrest of FMG – Rank 87
  8. Alisher Usmanov of Metalloivest – Rank 99
  9. Lakshmi Nivas Mittal of ArcelorMittal – Rank 133
  10. Wang Wenyin of Amer Copper International – Rank 161

STEEL – 20 ($147 BILLION)

RankNameGroupCountryWorth
51Alexey MordashovSeverstalRussia$29.1 B
59Vladimir LisinNLMKRussia$26.2 B
99Alisher UsmanovMetalloivestRussia$18.4 B
133Lakshmi MittalArcelorMittalUK$14.9 B
234Savitri Jindal & familyJSW GroupIndia$9.7 B
288Andrei Skoch & familyMetalloivestRussia$8.6 B
327Alexander AbramovEvrazRussia$7.6 B
327Rinat AkhmetovSCMUkraine$7.6 B
807Paolo & Gianfelice RoccaTecintArgentina$3.7 B
891Alexander FrolovEvrazRussia$3.4 B
1249Victor PinchukInterpipeUkraine$2.5 B
1299Dmitry PumpyanskySinarsky PipeRussia$2.4 B
1299Shen WenrongShagangChina$2.4 B
1299Zhang ZhixiangJianlongChina$2.4 B
1833Rufino Vigil GonzalezCH GroupMexico$1.7 B
2141Antonio MarcegagliaMarcegagliaItaly$1.4 B
2141Ms Emma MarcegagliaMarcegagliaItaly$1.4 B
2141Vadim NovinskySCMUkraine$1.4 B
2263Anatoly SedykhOMKRussia$1.3 B
2378Xiang GuangdaSingshChina$1.2 B

 
METAL – 23 ($109 BILLION)

RankNameGroupCountryWorth
55Vladimir PotaninNornickelRussia$27.0 B
161Wang WenyinAmer IntlChina$13.2 B
234Iskander MakhmudovUGMKRussia$9.7 B
288Zheng Shuliang & familyChina HongqiaoChina$8.6 B
369Igor AltushkinRMKRussia$7.0 B
502Ivan GlasenbergGlencoreSwitzerland$5.5 B
622Vladimir KimKazakhmysKazakhstan$4.6 B
775Oleg DeripaskaBasic ElementRussia$3.8 B
775Feng HailiangHailiang GroupChina$3.8 B
831Anil Agarwal & familyVedantaUK$3.6 B
1362Daniel MateGlencoreSwitzerland$2.3 B
1362Aristotelis MistakidisGlencoreSwitzerland$2.3 B
1580Mikhail ShelkovProminvestRussia$2.0 B
1750Tor PetersonGlencoreSwitzerland$1.8 B
1750Zhang Xuexin & familyXinfa GroupChina$1.8 B
1833Jia Tianjiang & familyTianyuan MnChina$1.7 B
1833Xie WeitongZhejiang HuayouTaiwan$1.7 B
1931Chen XuehuaZhejiang HuayouChina$1.6 B
2035Alex BeardGlencoreUK$1.5 B
2035Gary FegelGlencoreSwitzerland$1.5 B
2263Eduard ChukhlebovUGMKRussia$1.3 B
2263Igor KudryashkinUGMKRussia$1.3 B
2263Liang Jiankun & familyNanjing HanruiChina$1.3 B


MINING – 23 ($158 BILLION)

RankNameGroupCountryWorth
61German L Mota VelascoGrupo MexicoMexico$25.9 B
70Ms Gina RinehartHancock ProspectingAustralia$23.6 B
74Ms Iris FontbonaAntofogastaChile$23.3 B
87Andrew ForrestFMGAustralia$20.4 B
169Dang YanbaoNingxia BaofengChina$12.7 B
255Alberto BailleresIndustrias PenolesMexico$9.2 B
308Nicky OppenheimerDeeBeersSouth Africa$8.0 B
421Andrei KozitsynUral MiningRussia$6.3 B
775Clive PalmerMineralogyAustralia$3.8 B
1064Patrice MotsepeAfrican Rainbow MinSouth Africa$2.9 B
1111Konstantin StrukovU GoldRussia$2.8 B
1299Luo Yangyong & familySichuan AnningChina$2.4 B
1362Kostyantin ZhevagoFerrexpoUkraine$2.3 B
1833Robert FriedlandIvanhoe MinesSingapore$1.7 B
1833John HancockHancock ProspectingCanada$1.7 B
1833Ms Bianca RinehartHancock ProspectingAustralia$1.7 B
1833Ms Ginia RinehartHancock ProspectingAustralia$1.7 B
1833Hope WelkerHancock ProspectingUS$1.7 B
2141Angela BennettRio TintoAustralia$1.4 B
2263Eduardo HochschildHochschild GroupPeru$1.3 B
2263Yu Bangping & familyPerennial EnergyChina$1.3 B
2378Dan GertlerDGIIsrael$1.2 B
2674Zhao MeiguangChifeng JilongChina$1.0 B

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