With a combined wealth of a staggering $522 billion, the Forbes 'golden hundred' list for Russia is topped by Oleg Deripaska, the head of holding company Basic Element, at $28.6 billion, who has seen his capital grow by over $11.8 billion from last year.
In second place is steel tycoon Alexei Mordashov, owner of Russia's largest steelmaker Severstal, with $24.5 billion, more than double his recorded wealth in 2007, while Chelsea soccer club owner Roman Abramovich slipped to third with $24.3 billion.
The fall in the value of the dollar is believed to be one of the reasons for the sharp rise in Russian billionaires, whose numbers have jumped by 50 to 110 since 2007, with $1.1 billion needed to make it into the 100 list compared with the 2007 figure of $660 million.
According to the Forbes global rich list published in March, Moscow has become the billionaire capital of the world with 74 billionaires overtaking New York.
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Erdogan will continue to help consolidate Islam’s influence in public life and use Islam as a political issue. It is hard to say what Turkey will do in the Muslim world, but Erdogan obviously does not need any more turmoil in neighboring countries.