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:
- Alexey Mordashov of Severstal — Rank 51
- Vladimir Potanin of Nornickel – Rank 55
- Vladimir Lisin of NLMK – Rank 59
- German Larrea Mota Velasco of Grupo Mexico – Rank 61
- Gina Rinehartof Hancock Prospecting – Rank 70
- Iris Fontbona of Antofogasta – Rank 74
- Andrew Forrest of FMG – Rank 87
- Alisher Usmanov of Metalloivest – Rank 99
- Lakshmi Nivas Mittal of ArcelorMittal – Rank 133
- Wang Wenyin of Amer Copper International – Rank 161
STEEL – 20 ($147 BILLION)
| Rank | Name | Group | Country | Worth |
| 51 | Alexey Mordashov | Severstal | Russia | $29.1 B |
| 59 | Vladimir Lisin | NLMK | Russia | $26.2 B |
| 99 | Alisher Usmanov | Metalloivest | Russia | $18.4 B |
| 133 | Lakshmi Mittal | ArcelorMittal | UK | $14.9 B |
| 234 | Savitri Jindal & family | JSW Group | India | $9.7 B |
| 288 | Andrei Skoch & family | Metalloivest | Russia | $8.6 B |
| 327 | Alexander Abramov | Evraz | Russia | $7.6 B |
| 327 | Rinat Akhmetov | SCM | Ukraine | $7.6 B |
| 807 | Paolo & Gianfelice Rocca | Tecint | Argentina | $3.7 B |
| 891 | Alexander Frolov | Evraz | Russia | $3.4 B |
| 1249 | Victor Pinchuk | Interpipe | Ukraine | $2.5 B |
| 1299 | Dmitry Pumpyansky | Sinarsky Pipe | Russia | $2.4 B |
| 1299 | Shen Wenrong | Shagang | China | $2.4 B |
| 1299 | Zhang Zhixiang | Jianlong | China | $2.4 B |
| 1833 | Rufino Vigil Gonzalez | CH Group | Mexico | $1.7 B |
| 2141 | Antonio Marcegaglia | Marcegaglia | Italy | $1.4 B |
| 2141 | Ms Emma Marcegaglia | Marcegaglia | Italy | $1.4 B |
| 2141 | Vadim Novinsky | SCM | Ukraine | $1.4 B |
| 2263 | Anatoly Sedykh | OMK | Russia | $1.3 B |
| 2378 | Xiang Guangda | Singsh | China | $1.2 B |
METAL – 23 ($109 BILLION)
| Rank | Name | Group | Country | Worth |
| 55 | Vladimir Potanin | Nornickel | Russia | $27.0 B |
| 161 | Wang Wenyin | Amer Intl | China | $13.2 B |
| 234 | Iskander Makhmudov | UGMK | Russia | $9.7 B |
| 288 | Zheng Shuliang & family | China Hongqiao | China | $8.6 B |
| 369 | Igor Altushkin | RMK | Russia | $7.0 B |
| 502 | Ivan Glasenberg | Glencore | Switzerland | $5.5 B |
| 622 | Vladimir Kim | Kazakhmys | Kazakhstan | $4.6 B |
| 775 | Oleg Deripaska | Basic Element | Russia | $3.8 B |
| 775 | Feng Hailiang | Hailiang Group | China | $3.8 B |
| 831 | Anil Agarwal & family | Vedanta | UK | $3.6 B |
| 1362 | Daniel Mate | Glencore | Switzerland | $2.3 B |
| 1362 | Aristotelis Mistakidis | Glencore | Switzerland | $2.3 B |
| 1580 | Mikhail Shelkov | Prominvest | Russia | $2.0 B |
| 1750 | Tor Peterson | Glencore | Switzerland | $1.8 B |
| 1750 | Zhang Xuexin & family | Xinfa Group | China | $1.8 B |
| 1833 | Jia Tianjiang & family | Tianyuan Mn | China | $1.7 B |
| 1833 | Xie Weitong | Zhejiang Huayou | Taiwan | $1.7 B |
| 1931 | Chen Xuehua | Zhejiang Huayou | China | $1.6 B |
| 2035 | Alex Beard | Glencore | UK | $1.5 B |
| 2035 | Gary Fegel | Glencore | Switzerland | $1.5 B |
| 2263 | Eduard Chukhlebov | UGMK | Russia | $1.3 B |
| 2263 | Igor Kudryashkin | UGMK | Russia | $1.3 B |
| 2263 | Liang Jiankun & family | Nanjing Hanrui | China | $1.3 B |
MINING – 23 ($158 BILLION)
| Rank | Name | Group | Country | Worth |
| 61 | German L Mota Velasco | Grupo Mexico | Mexico | $25.9 B |
| 70 | Ms Gina Rinehart | Hancock Prospecting | Australia | $23.6 B |
| 74 | Ms Iris Fontbona | Antofogasta | Chile | $23.3 B |
| 87 | Andrew Forrest | FMG | Australia | $20.4 B |
| 169 | Dang Yanbao | Ningxia Baofeng | China | $12.7 B |
| 255 | Alberto Bailleres | Industrias Penoles | Mexico | $9.2 B |
| 308 | Nicky Oppenheimer | DeeBeers | South Africa | $8.0 B |
| 421 | Andrei Kozitsyn | Ural Mining | Russia | $6.3 B |
| 775 | Clive Palmer | Mineralogy | Australia | $3.8 B |
| 1064 | Patrice Motsepe | African Rainbow Min | South Africa | $2.9 B |
| 1111 | Konstantin Strukov | U Gold | Russia | $2.8 B |
| 1299 | Luo Yangyong & family | Sichuan Anning | China | $2.4 B |
| 1362 | Kostyantin Zhevago | Ferrexpo | Ukraine | $2.3 B |
| 1833 | Robert Friedland | Ivanhoe Mines | Singapore | $1.7 B |
| 1833 | John Hancock | Hancock Prospecting | Canada | $1.7 B |
| 1833 | Ms Bianca Rinehart | Hancock Prospecting | Australia | $1.7 B |
| 1833 | Ms Ginia Rinehart | Hancock Prospecting | Australia | $1.7 B |
| 1833 | Hope Welker | Hancock Prospecting | US | $1.7 B |
| 2141 | Angela Bennett | Rio Tinto | Australia | $1.4 B |
| 2263 | Eduardo Hochschild | Hochschild Group | Peru | $1.3 B |
| 2263 | Yu Bangping & family | Perennial Energy | China | $1.3 B |
| 2378 | Dan Gertler | DGI | Israel | $1.2 B |
| 2674 | Zhao Meiguang | Chifeng Jilong | China | $1.0 B |
