Biography
Leonid Mikhelson is the founder and chairman of natural gas producer Novatek.
In 2017 he bought a 17% stake in petrochemical company Sibur from Kirill Shamalov, Putin's reported former son-in-law, increasing his stake to 48%; he now holds just over 30%.
In 2021 Sibur merged with TAIF Group, with extensive assets in the Republic of Tatarstan; among TAIF's owners are the sons of Tatarstan's first president.
Mikhelson spent more than $470 million turning a power plant across from the Kremlin into a spectacular art space GES-2, which opened in late 2021.
Perspective on their fortune
Gold
Everyday luxury
A Leonid Mikhelson & family's fortune is equivalent to 191 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Leonid Mikhelson & family could buy 50,874,300 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 9 trucks to transport them, But we can be almost certain that Leonid Mikhelson & family will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Leonid Mikhelson & family's fortune with the healthcare spending of a huge country
Leonid Mikhelson & family could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 12.7 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Leonid Mikhelson & family could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 5.6 years
Education
Buying the future
Lowest education spending
Leonid Mikhelson & family could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 8.3 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Leonid Mikhelson & family could pay for it in full for 11.3 years.
Research
The monopoly of progress
Lowest research spending
Leonid Mikhelson & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 47.6 years.
Highest research spending
But even if we compare the total wealth of Leonid Mikhelson & family with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.1 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison