SANCTIONED IN 2022

Roman Abramovich Net worth: $6.9 bil • Sanctions: EU, U.K.

From penniless orphan to sports mogul to sanctioned outcast, Abramovich embodies the possibilities and pitfalls of Russian oligarchy. He hustled his way into business, catching a big break in 1995 when he partnered with auto oligarch Boris Berezovsky to take control of oil giant Sibneft at a big discount.

When Berezovsky ran afoul of Putin in 2000, Abramovich snagged his mentor’s shares on the cheap before cashing out to Gazprom for $13.1 billion in 2005. He was governor, reportedly at Putin’s behest, of Russia’s Far East Chukotka region from 2000 to 2008. In the West, he was known for living large, spending big on his beloved Chelsea Premier League soccer team and giving more than $500 million to Jewish causes. He spent much of his time outside Russia and obtained passports from both Israel and Portugal. Abramovich, who facilitated early talks between Russia and Ukraine, was possibly poisoned while in Kyiv recently. At least four of his assets, including Chelsea, a Gulfstream G650 jet and a 15-bedroom London mansion worth

$140 million, have been frozen. His two yachts, worth

$900 million, are docked out of reach in Turkey.

Eugene Shvidler $1.6 bil • Sanctions: U.K.

Abramovich’s best friend and business partner has lived in London for years.

His unseized $109 million, 370-foot yacht, Le Grand Bleu, was a gift from Abramovich; two of his jets were detained by the U.K. in March. Shvidler isn’t a Russian citizen; he was born in the Soviet Union and has British and U.S. passports.

Mikhail Fridman $11.8 bil • Sanctions: EU, U.K.

A Ukraine native who grew up in Lviv, Fridman and his college buddies German Khan and Alexei Kuzmichev started commodities trader Alfa-Eco in 1989; it grew into the Alfa Consortium and Alfa-Bank. Thanks to Kremlin connections—one of his employees later served as Putin’s chief political advisor—he acquired additional assets in telecom, banking and oil. Fridman’s properties in London—including the $100 million Victorian-era Athlone House estate, which has five acres of landscaped gardens designed in the style of Versailles—have been frozen by the U.K.

German Khan

$7.8 bil • Sanctions: EU, U.K.

Khan, who has Israeli citizenship, helmed TNK-BP, a joint venture with British oil firm BP, from 2003 until its sale to state-owned Rosneft in 2013. Khan’s properties in Great Britain, including two apartments worth $35 million and a house in London’s Belgravia neighborhood, have been frozen.

Alexei Kuzmichev

$6 bil • Sanctions: EU, U.K. Fridman’s other longtime partner resigned from Luxembourgbased investment firm LetterOne’s board on March 7, along with Khan. His two yachts— La Petite Ourse and La Petite Ourse II—were frozen by French authorities in March.

Pyotr Aven

$4.3 bil • Sanctions: EU, U.K. Putin’s former minister of foreign economic relations was president of Russia’s largest privately held bank, AlfaBank, from 1994 to 2011. Three of his homes— including an 18-room estate in Surrey and a $4.4 million villa in Italy—have been seized or frozen. He and Fridman vow to contest the EU sanctions; he stepped down from LetterOne’s board on March 3.

Andrey Melnichenko

$11.1 bil • Sanctions: EU, U.K.

The son of a Soviet physicist, Melnichenko dropped out of college when the Soviet Union fell in 1991 to start a tourism business and a chain of currency exchange booths. Two years later, he founded MDM Bank, which counted Roman Abramovich and Oleg Deripaska as customers. He later expanded into fertilizer and coal.

His two yachts—including the world’s largest sail-assisted yacht, SY A—have been frozen or deregistered by authorities in Italy and the

Isle of Man. In a statement, a spokesperson for Melnichenko called the EU sanctions “absurd and nonsensical.”

Alexey Mordashov

$13.2 bil • Sanctions: EU, U.K. Head of Russian steel giant Severstal, Mordashov bought his first factory on the cheap in 1992 at age 27 through Russia’s voucher privatization. His yacht, Lady M, and a $115 million villa in northern Sardinia were both frozen by Italian police, but his other yacht—the 465-foot Nord—was last spotted in the Korea Strait en route to Russia on March

29. He transferred ownership of key assets, including shares of leisure company TUI and mining outfit Nordgold, to his wife on the same day he was sanctioned by the EU. Mordashov told Forbes Russia he doesn’t understand why he has been penalized.

Vadim Moshkovich

$1.4 bil • Sanctions: EU, U.K. Chairman of agro-industrial firm Rusagro, a big manufacturer of pork and sugar, he spent eight years in Russia’s Federation Council, the upper house of the country’s parliament.

Alexander Ponomarenko

$1.9 bil • Sanctions: EU, U.K.

With his partner Alexander Skorobogatko, he once controlled one of the biggest ports on the Black Sea. In 2013 the pair, along with Arkady Rotenberg, won a contract to modernize Sheremetyevo, Moscow’s 62-year-old state-owned airport. Like many oligarchs, Ponomarenko has disputed his inclusion on the EU sanctions list.

Dmitry Pumpyansky

$900 mil • Sanctions: EU, U.K. Pumpyansky owned metals plants in the mineral-rich Ural region in the 1990s before taking over a pipe factory in 1998 that would become TMK, Russia’s largest pipe maker and a supplier to oil giant Gazprom, in 2000. His superyacht, Axioma, worth $42 million, was detained in Gibraltar in March.

Viktor Rashnikov

$6.6 bil • Sanctions: EU, U.K.

A former mechanic, Rashnikov is majority owner of one of Russia’s largest steel producers, MMK. His 459-foot yacht, Ocean Victory, was last seen in the Maldives in early March.

Leonid Simanovsky

$990 mil • Sanctions: EU, U.K., U.S. A longtime partner of Leonid Mikhelson, who controls gas giant Novatek (and who has not been sanctioned), Simanovsky has been deputy chairman of the budget and tax committee of the Duma, Russia’s parliament, since 2003.

Oleg Tinkov

$660 mil • Sanctions: U.K.

Tinkov went from selling beer and dumplings to taking his digital bank, Tinkoff, public in London at $3.2 billion in 2013. Before he was sanctioned, Tinkov was arrested in London in February 2020 on a

U.S. federal tax evasion charge; he pleaded guilty and paid $509 million to settle last October. He was worth more than $5 billion before the attack on Ukraine.

Alisher Usmanov

$11.5 bil • Sanctions: EU, U.K., U.S. The Uzbekistan-born Usmanov made his first fortune manufacturing plastic bags in the late 1980s. He later bought up shares in a metals firm that eventually morphed into iron ore and steel giant Metalloinvest. In 2009, while chairing an investment subsidiary of state-owned Gazprom, Usmanov invested in Facebook and other tech startups alongside Yuri Milner, who is now a prominent Silicon Valley VC.

His nearly $600 million, 512-foot yacht, Dilbar, is stuck in the German port of Hamburg due to sanctions. In a statement, Usmanov called the sanctions “unfair” and pledged to “use all legal means to protect [his] honor and reputation.”