OREANDA-NEWS. On 12 March 2008 was announced, that Sergey Polonsky, Chairman of the Mirax Group Board of Directors, has made the 40th line in the annual rating by the Finance magazine called ‘Russia’s 500 Billionaires’.

Compared to the previous year, Sergey Polonsky has climbed 40 lines at a go. According to the magazine’s expert evaluation, at the time the rating was being compiled Polonsky’s fortune amounted to USD4.35 billion (106.6 billion rubles).

The said expert evaluation is performed in several steps. Initially, while preparing the list of Russia’s wealthiest citizens, The Finance magazine defines the set of people qualified for the list. This selection is based on the analysis of companies’ respective market positions.

At the second stage, respective capitals are assessed. Total capital value is made up of the value of blocks of shares, real estate value, as well as revenues (business for sale, dividends, salary, etc.), derived during vigorous activity of each person on the list.

At the third stage, the magazine assesses capitals of those billionaires, who own various assets. This is done to exclude from the said capitals those financial resources (revenues), which are invested into purchasing new assets, whose value was already taken into account at the second stage. According to the magazine, this methodology allows to assess a person’s capital most precisely as opposed to the standard methodology, which is used to assess only the value of shares.

While preparing this rating, the magazine uses information provided by the companies themselves, by the Central Bank, the Federal Financial Market Service, as well as standard reports by the leading investment companies and banks, anonymous expert and observers' evaluations of billionaires. For the purposes of the analysis, public evaluations prevail. In cases, when a person’s exact stake in a certain property was not officially known, The Finance magazine used indirect indicators to assess the said stake.

Besides Sergey Polonsky, the rating also includes Artur Kirilenko – President of Stroymontazh Corporation and Mirax Group co-owner. He has made the 91st line with an assessed fortune of USD1.1 billion of (26.9 billion rubles).