Russian Billionaire Tied To Paul Manafort Is $1.6 Billion Richer Since Trump's Election

[babylonsister]

Mar 31, 2017 @ 09:05 AM 5,317
The Little Black Book of Billionaire Secrets
Russian Billionaire Tied To Paul Manafort Is $1.6 Billion Richer Since Trump's Election

Noah Kirsch


Russian billionaires have added $27 billion to their fortunes since November 8


Oleg Deripaska, an international aluminum tycoon, is one of five dozen Russian billionaires whose net worth has risen since Donald Trump’s election. The 49-year-old Muscovite has benefited tremendously from a global rebound in aluminum prices and a surge in the ruble’s value; his fortune has jumped $1.6 billion since November 8.

Deripaska, now worth an estimated $5.3 billion, made headlines last week after the Associated Press reported that he paid former Trump campaign chairman Paul Manafort millions of dollars as a consultant beginning in 2006 with the intention of influencing global politics on behalf of the Russian state. Both Manafort and Deripaska have denied that allegation.

A former metals trader, Deripaska holds the bulk of his fortune in shares of United Company Rusal, which bills itself as the world’s largest aluminum producer. Rusal’s stock has climbed 41% higher since the general election, including a more-than 4% gain on Thursday.

Sergey Donskoy, a senior metals and mining analyst at Societe Generale, attributes much of the increase to a strong international aluminum market caused, in part, by predicted Chinese domestic production caps. He expects global aluminum prices to further rally this year.

Rusal’s stock has undoubtedly also benefited, at least in the short term, from President Trump’s ascendance. Its stock rose 16% the day after his victory alone.

Deripaska is not the only high-net-worth Russian with solid post-election returns. To date, Russian billionaires have added $27 billion to their fortunes since November 8; in the last year, the group’s combined net worth has risen $104 billion.

more...

https://www.forbes.com/sites/noahkirsch/2017/03/31/russian-billionaire-oleg-deripaska-paul-manafort-trump-net-worth-rises/#26094e1f40f9

[stillcool]

1. jeebus...

there can't be that much more wealth to be redistributed. Who needs 4 years?

[Wellstone ruled]

2. Right on as per plan it appears.

No one was watching the consolidation of Mining Companies over the last two decades except Wall Street. The Russians and Chinese were buying up these Industries and we here in the USA were worried that Amazon was going to run the Corner Store out of Business.

[Initech]

3. The billionaires of this world are undoubtedly the worst people on earth.

[kentuck]

4. Why can't Trump be President of Russia instead of Putin?

The people of Russia must be asking?