Russian Tycoons Add $3 Billion to Wealth as Trading Resumes
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Against all odds and despite sanctions, Russian tycoons are regaining some of their wealth.
After almost one month of suspension, shares in Moscow climbed on Thursday, with the benchmark MOEX Russia Index rising as much as 12% before closing up 4.4%. While only 33 stocks resumed trading, Russians with fortunes linked to them added $2.7 billion combined, according to the Bloomberg Billionaires Index tracking the wealthiest 500 people in the world. At one point during the day, they were up more than $10 billion.