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Forbes Lists 10 Cypriot Billionaires

Published March 10, 2026, 17:14
Forbes Lists 10 Cypriot Billionaires

The 2026 Forbes World’s Billionaires List includes 10 Cypriot billionaires, with fortunes derived from various sectors such as shipping, infrastructure, investments, software development, and air transport. Leading the list is John Fredriksen with a net worth of $21.2 billion, followed by Vinod Adani with $20.8 billion, while Yakir Gabay, Igor Makarov, and Vladimir Krupchak also have a significant presence. John Fredriksen, of Cypriot origin and residing in London, has built a shipping empire, while Vinod Adani, brother of Gautam Adani, is active in infrastructure and commodities. Yakir Gabay has invested heavily in European real estate, while Igor Makarov, founder of Itera, has been involved in the energy sector. Vladimir Krupchak has made his fortune from construction and pulp and paper. The Forbes list demonstrates the strong presence of Cypriot entrepreneurs on a global scale, with significant investments and activities in many sectors. Cyprus is an attractive destination for entrepreneurs due to its favorable tax regime and strategic location. It is important to note that some of the entrepreneurs have faced challenges and accusations in the past, such as Vinod Adani, who was accused of stock manipulation. Nevertheless, their success and contribution to the economy remain significant.