Russian-Ukrainian war adds $1 billion to Russian businessman ‎wealth

In a year and a half, Russian businessman Alexei Sagal may have achieved what is described as the most successful of his career, as his Ernst Group became one of the biggest beneficiaries of the exodus of international companies from Russia in the wake of the Russian-Ukrainian war. ‎

Ernst’s newly acquired assets are worth about $1 billion, according to estimates from the Bloomberg Billionaires Index. Although the 58-year-old Sagal’s deal-making spree did not make him a billionaire, it propelled his group into the upper echelons of the Russian business world.