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Russia Has a New Richest Man After Steel Tycoon Beats Rival

Vladimir Lisin
Vladimir Lisin

Photographer: Andrey Rudakov/Bloomberg

Updated on

Vladimir Lisin, who started as an electrical fitter in Siberia in the 1970s, is now Russia’s wealthiest person.

The metals magnate slipped past rival Alexey Mordashov Monday as shares of Lisin’s Novolipetsk Steel PJSC climbed 3.5 percent, pushing his fortune to $20.19 billion, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people.