FX.co ★ Top 5 richest offsprings of Russian tycoons

Igor Rotenberg, 47 years old

The eldest son of Arkady Rotenberg, Igor, takes the first place on the list. His career began in the 2000s when he joined the Ministry of Property Relations of the Russian Federation and Russian Railways. Soon, he decided to give up his administrative positions for the family business and became the chairman of the Board of Directors at NPV Engineering, as well as his father's junior partner in the largest bridge-building and transport infrastructure construction company, Mostotrest. Today, Rothenberg Jr. is the main owner of Gazprom Burenie, a direct contractor of Gazprom. His fortune is worth some $950 million. In addition, Igor Rotenberg owns 23.5% of RT-Invest Transport Systems. Since 2018, Mr. Rothenberg Jr has been on the list of US sanctions.

Said Gutseriev, 32 years old

Said Gutseriev, a son of tycoon Mikhail Gutseriev, takes second place in the ranking. Until 2014, the young man lived and studied in London where he also got his first job in the office of the international trading company Glencore. In 2012, Gutseriev Jr. was even appointed analyst but soon decided to return to Russia and work with his father. In 2014, he became CEO at Forteinvest, a company mainly involved in oil stock refining and petroleum products sales. Today, Said Gutseriev is a member of the Board of Directors at Safmar Group and general director at ForteInvest. Apart from that, he owns 10.5% of shares in RussNeft, 30.37% in Safmar Financial Investments, and 73.55% in M.Video. Said Gutseriev’s fortune is worth $930 million.

Timur Rakhimkulov, 43, and Ruslan Rakhimkulov, 41

The brothers Timur and Ruslan Rakhimkulov have enormous wealth thanks to their father Megdet Rakhimkulov, who once worked for Gazprom and was closely connected with Rem Vyakhirev and Viktor Chernomyrdin. His business career began in 1989 and involved the supply of Gazprom products to the country. Gas trading turned out to be a profitable business. Soon, Rakhimkulov Sr. was able to buy shares of Hungarian OTP Bank (7.03%) and the largest oil and gas company MOL (about 4%). Nowadays, all the investments of the Rakhimkulov family are managed by Kafijat, a company registered in Budapest and owned equally by the brothers Timur and Ruslan. The father holds a post on the Board of Directors. Fortune of both Timur and Ruslan worth $900 million.

Deni Bazhaev, 24 years old

Deni Bazhaev is the son of the founder of Alliance Group. His wealth is now approaching $840 million. In 2000, Denis's father, Ziya Bazhaev, died in a plane crash on a private Yak-40 jet. At that time, Denis was only 4 years old. He inherited his father’s fortune, while his uncle, Musa Bazhaev, took charge of the family business. When Deni came of age, he and his uncle decided to sell Alliance Oil to the Independent Oil and Gas Company of Eduard Khudainatov. Deni's main source of income today comes from precious metals. He is the owner of the mining company Russian Platinum which develops deposits in Krasnoyarsk Krai and the Far East. In addition, the Bazhaevs own Alliance Altyn. The company develops the second largest gold deposit in Kyrgyzstan. Deni is one of the youngest affluent offspring of Russian billionaires. In 2016, he graduated from Moscow State Institute of International Relations.

Liliya Rotenberg, 42 years old

Liliya is the daughter of billionaire Arkady Rotenberg. She is the second child in the family who entered the rating. Liliya’s wealth amounts to $500 million. Vitalis Medical which was established in Germany was her first independent business. The company was engaged in diagnostic services and treatment. Nowadays, Liliya Rotenberg is a co-owner of TPS Real Estate which manages five shopping malls in Moscow, Krasnodar, Sochi, and Novosibirsk. Initially, Arkady Rotenberg had had a share in the company. Later, he had been included in the lists of US and EU sanctions. Then, Igor Rotenberg bought his father’s share and joined the Forbes rating after the purchase. When Igor himself was put on the US sanctions list in 2018, the share passed to Liliya.