In 2021, the population with high and ultra-high net worth in Russia increased relative to the previous year, measuring at approximately ***** thousand and *** thousand individuals, respectively, For 2026, the estimates forecast a further increase.

Average income in Russia

The average per capita monthly income in Russia has been gradually increasing, estimated at nearly **** thousand Russian rubles in 2021. The largest share, or over one quarter of the employed population, earned between ** thousand and ** thousand Russian rubles per month in 2021.

Russia’s super rich

Less than six percent of Russians had a monthly income of over 100 thousand Russian rubles in 2021. Among them were members of the Bakalchuk family, the richest in the country by total compound assets. The total wealth of its members, who managed the e-commerce company Wildberries, was estimated at **** billion U.S. dollars as of July 2021. To compare, the total declared income of the President of Russia Vladimir Putin was reported at about ** million Russian rubles in 2020.

Over ** million Russians aged 20 years and above, or approximately ** percent of the total adult population of the country, had wealth under 10,000 U.S. dollars in 2022. To compare, on average around the globe, the share of residents belonging to this wealth range was measured at **** percent in the same year. Economic inequality in Russia The latest available data by the World Bank recorded Russia’s Gini index, used as a measurement of income or wealth inequality, at **. The organization classified Russia as an upper-middle-income economy. Over ** percent of Russians considered themselves belonging to the middle class in 2020. HNWIs in Russia Approximately *** percent of Russian adults, or ******* residents, owned over *********** U.S. dollars, or were referred to as high-net-worth individuals (HNWIs). In 2021, the total wealth of the adult population in the country reached nearly *** trillion U.S. dollars. A significant portion of it belonged to roughly ***** ultra-high-net-worth individuals (UHNWIs) whose net worth exceeded ** billion U.S. dollars.

Key information about Russia Household Income per Capita

• Russia Annual Household Income per Capita reached 8,179.123 USD in Dec 2024, compared with the previous value of 7,549.747 USD in Dec 2023.
• Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2024, with an averaged value of 5,882.623 USD.
• The data reached an all-time high of 9,660.697 USD in Dec 2013 and a record low of 183.584 USD in Dec 1992.
• In the latest reports, Retail Sales of Russia grew 5.200 % YoY in Dec 2024.

National Wealth Fund Assets in Russia increased to 163.60 USD Billion in August from 159.80 USD Billion in July of 2025. This dataset includes a chart with historical data for Russia National Wealth Fund Assets.

Adjusted net national income per capita (current US$) in Russia was reported at 8993 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Russia Net Capital Inflow/Outflow: Private Sector: Other Sectors: Net Acquisition of Financial Assets data was reported at 18.600 USD bn in Mar 2019. This records an increase from the previous number of 14.800 USD bn for Dec 2018. Russia Net Capital Inflow/Outflow: Private Sector: Other Sectors: Net Acquisition of Financial Assets data is updated quarterly, averaging 7.900 USD bn from Mar 1994 (Median) to Mar 2019, with 101 observations. The data reached an all-time high of 75.700 USD bn in Mar 2013 and a record low of -5.000 USD bn in Mar 2017. Russia Net Capital Inflow/Outflow: Private Sector: Other Sectors: Net Acquisition of Financial Assets data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JBB001: Net Capital Inflow/Outflow: Private Sector.

The net worth loss of Alexey Mordashov, the chairman of the Russian steel and mining company Severstal, neared ** billion U.S. dollars, making him top the list of Russian billionaires with highest losses in 2022. Vagit Alekperov, the former president of the oil company Lukoil, ranked second. As of **********, Russia's billionaires who witnessed most significant shrinkage to their personal fortunes lost a combined *** billion U.S. dollars as a result of economic and financial sanctions imposed on Russia over its invasion of Ukraine.

Adjusted net national income (current US$) in Russia was reported at 1323903854188 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Adjusted net national income - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Net primary income (Net income from abroad) (current US$) in Russia was reported at --28485822153 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Net income from abroad - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The fortunes of most of the 10 wealthiest Russians increased from the start of the year as of June 3, 2025. Russia's richest man, Vladimir Potanin, saw his net worth grow by 3.85 billion U.S. dollars from January 1, 2025. Thus, his net worth reached 31.7 billion U.S. dollars. Potanin ranked 58th worldwide in the Bloomberg Billionaires Index as of that date.

Net primary income (BoP, current US$) in Russia was reported at --28486140000 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Net income (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Vagit Alekperov, a businessman and former Lukoil president, was the richest man in Russia as of March 7, 2025, with his assets measuring at 28.7 billion U.S. dollars. Vladimir Potanin, the president of a private investment company Interros and a co-owner of the mining and metallurgical company Nornickel, ranked fifth in this ranking; however, he ranked first in June 2025. The net worth of assets of Andrey Melnichenko, the founder of fertilizer producer Eurochem and coal energy company SUEK, and his family exceeded 17 billion U.S. dollars. In the global ranking of billionaires led by Elon Musk, Alekperov and Potanin were 62nd and 81st as of March 2025, respectively.

Net primary income of Russian Federation leapt by 6.10% from -26,848,870,000 US dollars in 2023 to -28,486,140,000 US dollars in 2024. Since the 34.60% slump in 2020, net primary income plummeted by 18.62% in 2024. Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.

The Russia Luxury Goods Market size was valued to be USD 6 Billion in the year 2024, and it is expected to reach USD 10.70 Billion in 2032, at a CAGR of 7.5% from 2026 to 2032.

Key Market Drivers:

• Growing High-Net-Worth Population: Russia’s growing wealthy population continues to drive demand for luxury goods. According to Knight Frank’s Wealth Report 2023, Russia has approximately 246,000-dollar millionaires, with Moscow ranking among the top 20 cities worldwide for ultra-high-net-worth individuals. The Russian luxury consumer base remained resilient, with high-net-worth individuals (HNWIs) spending an average of $60,000 per year on luxury goods, up 15% from 2021 to 2023.

• Millennial and Gen-Z Consumer Base: Younger, affluent Russians are reshaping the luxury market landscape. According to RBC Market Research, consumers aged 25-35 account for approximately 30% of all luxury purchases, with spending increasing at an annual rate of 18%.

Russia Net Capital Inflow/Outflow: Private Sector: Banks: Net Acquisition of Financial Assets data was reported at 10.300 USD bn in Mar 2019. This records an increase from the previous number of 4.500 USD bn for Dec 2018. Russia Net Capital Inflow/Outflow: Private Sector: Banks: Net Acquisition of Financial Assets data is updated quarterly, averaging 1.000 USD bn from Mar 1994 (Median) to Mar 2019, with 101 observations. The data reached an all-time high of 51.200 USD bn in Dec 2008 and a record low of -24.800 USD bn in Sep 2014. Russia Net Capital Inflow/Outflow: Private Sector: Banks: Net Acquisition of Financial Assets data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JBB001: Net Capital Inflow/Outflow: Private Sector.

Russia BoP: AP: FA: Net Acquisition of Financial Assets: General Government: Other Assets data was reported at -300.000 USD mn in Mar 2019. This records a decrease from the previous number of 19.930 USD mn for Dec 2018. Russia BoP: AP: FA: Net Acquisition of Financial Assets: General Government: Other Assets data is updated quarterly, averaging -17.460 USD mn from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 2.854 USD bn in Dec 2013 and a record low of -2.915 USD bn in Sep 2014. Russia BoP: AP: FA: Net Acquisition of Financial Assets: General Government: Other Assets data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JBA003: Balance of Payments: BPM6: Analytical Presentation.

The steadily expanding market volume of services for U.S. dollar millionaires in Russia increased by nearly **** percent in 2020 relative to the previous year. The value of financial services by Russian banks for U.S. dollar millionaires was expected to amount to over ** trillion Russian rubles in 2020.

Russia BoP: AP: FA: Net Acquisition of Financial Assets: Banks: Other Assets data was reported at -665.440 USD mn in Dec 2018. This records a decrease from the previous number of 2.847 USD bn for Sep 2018. Russia BoP: AP: FA: Net Acquisition of Financial Assets: Banks: Other Assets data is updated quarterly, averaging 487.785 USD mn from Mar 2000 (Median) to Dec 2018, with 76 observations. The data reached an all-time high of 30.012 USD bn in Dec 2008 and a record low of -9.356 USD bn in Jun 2015. Russia BoP: AP: FA: Net Acquisition of Financial Assets: Banks: Other Assets data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JBA003: Balance of Payments: BPM6: Analytical Presentation.

Russia BoP: AP: FA: Net Acquisition of Financial Assets: Other Sectors: Other Assets data was reported at 10.100 USD bn in Mar 2019. This records an increase from the previous number of 2.258 USD bn for Dec 2018. Russia BoP: AP: FA: Net Acquisition of Financial Assets: Other Sectors: Other Assets data is updated quarterly, averaging 763.140 USD mn from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 11.360 USD bn in Dec 2008 and a record low of -11.497 USD bn in Mar 2017. Russia BoP: AP: FA: Net Acquisition of Financial Assets: Other Sectors: Other Assets data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JBA003: Balance of Payments: BPM6: Analytical Presentation.

Time series data for the statistic Services, value added (current US$) and country Russian Federation. Indicator Definition:Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.The indicator "Services, value added (current US$)" stands at 1.25 Trillion usd as of 12/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an increase of 6.40 percent compared to the value the year prior.The 1 year change in percent is 6.40.The 3 year change in percent is 26.12.The 5 year change in percent is 36.34.The 10 year change in percent is 9.05.The Serie's long term average value is 0.589 Trillion usd. It's latest available value, on 12/31/2024, is 112.15 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1999, to it's latest available value, on 12/31/2024, is +1,179.46%.The Serie's change in percent from it's maximum value, on 12/31/2013, to it's latest available value, on 12/31/2024, is -2.80%.