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New TOP 100 of Latvian millionaires to be published soon

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe number of individuals added to the list of TOP 100 Latvian continues to reduce for the second consecutive year. On top of that, the first ten positions have experienced some changes, according to the latest TOP 100 Latvian millionaires published in Kapitāls magazine December issue.

Financial services, IT, real estate, gambling, construction, logging and pharmaceuticals – these fields of business are represented by the TOP 10 millionaires of the list. This year, the order is set the following way: 1st place – Oleg Fils with EUR 310 million; 2nd place – Ernests Bernis with EUR 307 million; 3rd place – Leonids Esterkins with EUR 250 million; 4th place – Arnis Riekstins with EUR 150 million; 5th place Arkadijs Kuharenko with EUR 128 million; 6th place – Justs Nikolajs Kalsons with EUR 80 million; 7th – Janis Zuzans with EUR 89 million; 8th place – Velerijs Maligins with EUR 52 million; 9th Marcis Martinsons with EUR 50 million; 10th place – Uldis Asars with EUR 45 million.

«The total monetary value on display in the TOP 10 continues to grow (EUR 1.74 billion this year, as compared with EUR 1.41 billion last year). This increase is balanced with the general decline in value of the entire TOP 100,» – comments Lato Lapsa, one of the creators of the list.

«Most millionaires have experienced losses this year. We can see this in financial data for last year and the impact left by the geopolitical situation. 2016 is not expected to be a growth year,» – said Laika Stars chairman Vadims Jaroshenko.

«This year’s assessment was performed based on nearly four thousand investments performed by Latvian-based businessmen in different economic sectors. The total value of those investments exceeds EUR 2.83 billion. This number is significant. It also proves that many people have invested considerable funds in different projects,» – Jaroshenko added.

According to Lursoft IT board member Daiga Kiopa, everything points to a possible change in leaders of the TOP 100 list. Analysing data, she adds: «While in 2015 we had excluded many state and municipal companies, looking at the current state of Latvian business industries represented in this year’s list, we can conclude that results are not at all surprising. There are several similarities: widely represented financial services field (banking sector), gambling, wholesale trade, fuel retail trade, logging, construction and logistics».

TOP 100 authors Lato Lapsa and Kristine Bormane note that data in general means another year of stability: «Latvia remains an islet of stability (a very small one).»

Ref: 102.109.109.7892


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