Europe is the world’s second-smallest continent by surface area, but on the other hand, its economy is the largest on Earth. In 2009, Europe was measured by assets under management at over $32.7 trillion. Currently, the richest man in Europe is also the world’s second richest person. Prior to now, no European had ever landed the top spot on Forbes’ global wealth list, although the continent is home to the world’s richest woman, Liliane Bettencourt. The list below is made up of the 25 richest people in Europe according to Forbes. These are people who have made wealth from different work industries and different countries in the continent.

25. John Fredriksen

Citizenship: Cyprus

Net Worth: $10.4 billion

Source of Wealth: Shipping

john fredriksen

John Fredriksen is an oil tanker and shipping magnate. He owns the world’s largest oil tanker fleet, and also has major interests in the offshore driller Seadrill, the fish farming company Marine Harvest, and the supply vessel company Deep Sea Supply. He owns two investment companies; Hemen Holdings and Meisha, and through them, he controls the companies Frontline and Golar LNG.

24. Vagit Alekperov

Citizenship: Russia

Net Worth: $12.3 billion

Source of Wealth: Lukoil


Vagit Yusifovich Alekperov is an Azerbaijani and Russian businessman. He is currently the President of LUKOIL, Russia’s leading oil company. Vagit is currently rated by Forbes magazine as one of the richest persons in Russia with a net worth of $12.3 billion and the 114th richest person in the world.

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23. Leonid Mikhelson

Citizenship: Russia

Net Worth: $13.6 billion

Source of Wealth: Gas, Chemicals

Leonid Mikhelson, billionaire and chairman of OAO Novatek, pauses during a session at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on Friday, May 23, 2014. SPIEF is an annual international conference dedicated to economic and business issues which takes place at the Lenexpo exhibition center May 22-24. Photographer: Andrey Rudakov/Bloomberg *** Local Caption *** Leonid Mikhelson

The CEO, chairman and major shareholder of the Russian gas company Novatek, Leonid Mikhelson, has his personal fortune estimated at $13.6 billion US Dollars. This is a fall in Net worth for this Russian businessman who was worth 15.6 Billion US Dollars as of April 2014.

22. Vladimir Lisin

Citizenship: Russia

Net Worth: $14.1 billion

Source of Wealth: Steel, Transport


This Russian steel tycoon is the chairman and majority shareholder of Novolipetskor NLMK, one of the four largest steel companies in Russia. He is a leading world authority on metallurgical processes, and has published over 100 articles on metallurgy and economics. He is said to be one of the richest men in Russia and 72nd richest in the world.

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21. Viktor Vekselberg

Citizenship: Russia

Net Worth: $14.2 billion

Source of Wealth: Metals, Energy

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Viktor Felixovich Vekselberg is the owner and president of Renova Group, a large Russian conglomerate. According to Forbes, in 2014 his fortune was estimated at $17.2 billion, making him the fourth richest person in Russia. In April 2015, his net worth reduced by a whooping $3 billion US Dollars. According to different estimates, Vekselberg is the second wealthiest Russian nevertheless.

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