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.
Leonid Mikhelson and Gennady Timchenko each grew their fortunes by more than $1 billion on Thursday. Timchenko got sanctioned by the European Union and the U.K. — and by the U.S. following Crimea’s annexation in 2014 — though Mikhelson didn’t. Vladimir Potanin remains Russia’s richest person with a $26.3 billion fortune.
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