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For many, the metals and mining industry can be a very lucrative business, according to a foreign study, the average time to earn $1 billion in the industry is 16 years, compared to 21 years for all industries, but based on fluctuations in commodity prices, success can also come and go
.
The chart released by Mining shows the top 20 metals and mining billionaires based on the Forbes
billionaires list.
Overall, steel producers dominate, followed by copper miners
.
Although the United States and Canada are major players in the mining industry, they are not on the list
.
From the point of view of the country, the vast geographical area of Russia is full of rich mineral resources, providing fertile ground
for mining billionaires.
Russia is the largest miner of diamond and palladium, as well as the second largest miner
of platinum and nickel.
The country is home to 8 of the 20 richest people in the industry, including the top three
on the list.
Among them, Alexey Mordashov, the son of a steel mill worker who had to use welfare vouchers to support his family, topped
the list.
The 55-year-old businessman is a major shareholder in
the steel company Schavier Group.
In the Forbes list, which takes into account the assets of the entire family, Mordashov ranks first
among all billionaires in Russia.
In second place is Russia's Vladimir Potanin, owner of Norilsk Nickel, the world's largest producer of palladium and nickel
.
The first female businessman fifth on the mining billionaires list is Australia's Hancock Prospecting executive chair Gina Rinehart
.
The 67-year-old executive is the only son of legendary explorer Lang Hancock, who discovered the world's largest iron ore deposit
in 1952.
The list also includes 3 from China, 2 from Mexico, 2 from India, and Iris Fontbona
, Chile's richest man.
With new technologies and the energy transition increasing demand for most minerals, the world needs metals and mining more than ever, and soon there will be a new list of billionaires who will make their fortunes
on tomorrow's minerals.
For many, the metals and mining industry can be a very lucrative business, according to a foreign study, the average time to earn $1 billion in the industry is 16 years, compared to 21 years for all industries, but based on fluctuations in commodity prices, success can also come and go
.
The chart released by Mining shows the top 20 metals and mining billionaires based on the Forbes
billionaires list.
Overall, steel producers dominate, followed by copper miners
.
Although the United States and Canada are major players in the mining industry, they are not on the list
.
From the point of view of the country, the vast geographical area of Russia is full of rich mineral resources, providing fertile ground
for mining billionaires.
Russia is the largest miner of diamond and palladium, as well as the second largest miner
of platinum and nickel.
The country is home to 8 of the 20 richest people in the industry, including the top three
on the list.
Among them, Alexey Mordashov, the son of a steel mill worker who had to use welfare vouchers to support his family, topped
the list.
The 55-year-old businessman is a major shareholder in
the steel company Schavier Group.
In the Forbes list, which takes into account the assets of the entire family, Mordashov ranks first
among all billionaires in Russia.
In second place is Russia's Vladimir Potanin, owner of Norilsk Nickel, the world's largest producer of palladium and nickel
.
The first female businessman fifth on the mining billionaires list is Australia's Hancock Prospecting executive chair Gina Rinehart
.
The 67-year-old executive is the only son of legendary explorer Lang Hancock, who discovered the world's largest iron ore deposit
in 1952.
The list also includes 3 from China, 2 from Mexico, 2 from India, and Iris Fontbona
, Chile's richest man.
With new technologies and the energy transition increasing demand for most minerals, the world needs metals and mining more than ever, and soon there will be a new list of billionaires who will make their fortunes
on tomorrow's minerals.
