Misc
Ranked: The Top 20 Metals and Mining Billionaires
Mining Magnates: The Top 20 Billionaires in Mining
Metals and mining can be a very profitable business for the individuals at the top, but success can also come and go based on volatile commodity prices. The average time to make a billion dollars in the sector is 16 years, compared to 21 years across all industries.
Although tech and bank CEOs get all the limelight, eight of the 100 richest people in the world are in the metals and mining industry. Today’s graphic shows the top 20 metals and mining billionaires, based on the Forbes Billionaires List.
Steel producers dominate the list, followed by copper miners.
Name | Net Worth | Country | Company | Operations |
---|---|---|---|---|
Alexey Mordashov | $29.1B | Russia 🇷🇺 | Severstal | steel |
Vladimir Potanin | $27.0B | Russia 🇷🇺 | Norilsk Nickel | palladium, platinum, nickel |
Vladimir Lisin | $26.2B | Russia 🇷🇺 | NLMK Group | steel |
Germán Larrea Mota-Velasco | $25.9B | Mexico 🇲🇽 | Grupo México | copper |
Gina Rinehart | $23.6B | Australia 🇦🇺 | Hancock Prospecting | iron ore |
Iris Fontbona | $23.3B | Chile 🇨🇱 | Antofagasta Plc | copper |
Andrew Forrest | $20.4B | Australia 🇦🇺 | Fortescue Metals Group | iron ore |
Alisher Usmanov | $18.4B | Russia 🇷🇺 | Metalloinvest | iron ore/steel |
Lakshmi Mittal | $14.9B | India 🇮🇳 | ArcelorMittal | steel |
Wang Wenyin | $13.2B | China 🇨🇳 | Amer International Group | copper |
Dang Yanbao | $12.7B | China 🇨🇳 | Ningxia Baofeng Energy Group | coal |
Savitri Jindal | $9.7B | India 🇮🇳 | Jindal Group | steel/cement |
Iskander Makhmudov | $9.7B | Russia 🇷🇺 | UGMK | copper |
Alberto Baillères | $9.2B | Mexico 🇲🇽 | Industrias Penoles | silver |
Andrei Skoch | $8.6B | Russia 🇷🇺 | State Duma | steel |
Zheng Shuliang | $8.6B | China 🇨🇳 | China Hongqiao Group | aluminum |
Nicky Oppenheimer | $8.0B | South Africa 🇿🇦 | De Beers | diamond |
Alexander Abramov | $7.6B | Russia 🇷🇺 | Evraz | steel |
Rinat Akhmetov | $7.6B | Ukraine 🇺🇦 | System Capital Management | steel, coal |
Igor Altushkin | $7.6B | Russia 🇷🇺 | Russian Copper Company (RMK) | copper |
Despite being major players in the mining industry, the United States and Canada don’t have representatives on the list.
Russia’s Mining Billionaires
Russia’s huge geographic area is filled with rich mineral resources providing a fertile ground for mining billionaires. It is the largest miner of diamonds and palladium, and the second-largest miner of platinum and nickel. It is no wonder this country hosts eight of the 20 richest people in the industry, including the first few on the list.
Alexey Mordashov, son of steel mill workers that had to use welfare coupons to raise the family, is the first on the list. The 55-year-old businessman is the majority shareholder in steel company Severstal. In the Forbes ranking, which takes into account the assets of the whole family, Mordashov ranks first among all Russian billionaires.
Next on the metals billionaire list is Vladimir Potanin, individually the wealthiest man in Russia and the owner of Norilsk Nickel, the world’s largest producer of palladium and nickel.
Women at the Top
The first woman on the mining billionaires list in the fifth spot, is Australia’s Gina Rinehart, Executive Chairman of Hancock Prospecting. The 67-year-old executive is the only child of legendary explorer Lang Hancock, who discovered the world’s largest iron ore deposit in 1952.
Hancock died in 1992, leaving a bankrupt estate to Gina. She rebuilt and expanded the company over the following decade. As a result, she became a billionaire in 2006 during the iron ore boom.
“If you’re jealous of those with more money, don’t just sit there and complain; do something to make more money yourself”
— Gina Rinehart
The list also includes the wealthiest person in Chile, Iris Fontbona. Iris is the widow of Andrónico Luksic, who built a fortune in the mining, financial, and beverages sectors, including the top copper miner Antofagasta.
A New Era for Mining Fortunes
As demand for most minerals increases due to new technologies and the energy transition, the world needs metals and mining more than ever and soon there will be a new list of billionaires who built their fortune on the minerals of tomorrow.
Misc
Charted: The End-of-Life Recycling Rates of Select Metals
End-of-life recycling rates measure the percentage of a material that is recovered at the end of its useful life, rather than being disposed of or incinerated.

Charted: The End-of-Life Recycling Rates of Select Metals
This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.
We visualize the end-of-life recycling rates (EOL-RR) of commonly used metals in the economy. Data is sourced from the International Energy Agency, last updated in 2021.
Tracking recycling rates helps manage resources better and make smarter policies, guiding efforts to cut down on waste.
Ranked: The End of Life Recycling Rates of Select Metals
Gold has an 86% recycling rate according to the latest available data. Per the Boston Consulting Group, one-third of total gold supply was met through recycling between 1995–2014.
Metal | End-of-life recycling rate (2021) | 🔍 Used In |
---|---|---|
Gold | 86% | 💍 Jewelry / Electronics |
Platinum/Palladium | 60% | 🔬 Optical fibers / Dental fillings |
Nickel | 60% | 🔋 Batteries / Turbine blades |
Silver | 50% | 💍 Jewelry / Mirrors |
Copper | 46% | 🔌 Electrical wiring / Industrial equipment |
Aluminum | 42% | ✈️ Aeroplane parts / Cans |
Chromium | 34% | 🍽️ Stainless steel / Leather tanning |
Zinc | 33% | 🔗 Galvanizing metal / Making rubber |
Cobalt | 32% | 🔋 Batteries / Turbine engines |
Lithium | 0.5% | 🔋 Batteries / Pacemakers |
REEs | 0.2% | 📱 Mobile phones / Hard drives |
Note: Figures are rounded.
Several factors can influence metal recycling rates. According to this International Resource Panel report, metals that are used in large quantities (steel) or have a high value (gold) tend to have higher recycling rates.
However, for materials used in small quantities in complex products (rare earth elements in electronics), recycling becomes far more challenging.
Finally, a metal’s EOL-RR is strongly influenced by the least efficient link in the recycling chain, which is typically how it’s initially collected.
Learn More on the Voronoi App 
If you enjoyed this post, check out Critical Materials: Where China, the EU, and the U.S. Overlap which shows how critical materials are classified within different jurisdictions.
Misc
Companies with the Most Fossil Fuel and Cement CO2 Emissions
Half of the world’s total fossil fuel and cement carbon dioxide emissions in 2023 came from just 36 companies.

Companies with the Most Fossil Fuel and Cement CO2 Emissions
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
- Half of the world’s fossil fuel and cement carbon dioxide emissions in 2023 came from just 36 entities, according to a report by the Carbon Majors Project
- If Saudi Aramco were a country, it would be the fourth-largest polluter in the world, after China, the U.S., and India.
- Five publicly traded oil companies—ExxonMobil, Chevron, Shell, TotalEnergies, and BP—together accounted for 5% of global carbon dioxide emissions from fossil fuels.
Chinese Companies Dominate the List
This graphic is based on Carbon Majors, a database of historical production data from 180 of the world’s largest oil, gas, coal, and cement producers representing 169 active and 11 inactive entities.
In 2023, the top 20 highest carbon-producing entities were responsible for 17.5 gigatonnes of carbon dioxide equivalent (GtCO₂e) in emissions, accounting for 40.8% of global fossil fuel and cement CO₂ emissions. The list is largely dominated by state-owned companies, with 16 of the top 20 being state-controlled. Notably, eight Chinese entities contributed to 17.3% of global fossil fuel and cement CO₂ emissions in 2023.
Entity | Total emissions (MtCO2e) | Global CO2 emissions (%) |
---|---|---|
1 | Saudi Aramco | 4.4% |
2 | Coal India | 3.7% |
3 | CHN Energy | 3.7% |
4 | Jinneng Group | 2.9% |
5 | Cement industry of China | 2.8% |
6 | National Iranian Oil Company | 2.8% |
7 | Gazprom | 2.3% |
8 | Rosneft | 1.9% |
9 | Shandong Energy | 1.7% |
10 | China National Coal Group | 1.7% |
11 | Abu Dhabi National Oil Company | 1.6% |
12 | CNPC | 1.6% |
13 | Shaanxi Coal and Chemical Industry Group | 1.6% |
14 | Iraq National Oil Company | 1.3% |
15 | Shanxi Coking Coal Group | 1.3% |
16 | ExxonMobil | 1.3% |
17 | Sonatrach | 1.2% |
18 | Chevron | 1.1% |
19 | Kuwait Petroleum Corp. | 1.0% |
20 | Petrobras | 1.0% |
21 | Shell | 0.9% |
22 | Pemex | 0.9% |
23 | TotalEnergies | 0.8% |
24 | QatarEnergy | 0.8% |
25 | Lukoil | 0.8% |
26 | BP | 0.8% |
27 | Glencore | 0.7% |
28 | China Huaneng Group | 0.7% |
29 | Luan Chemical Group | 0.7% |
30 | Equinor | 0.7% |
31 | Peabody Energy | 0.7% |
32 | Nigerian National Petroleum Corp. | 0.6% |
33 | CNOOC | 0.6% |
34 | ConocoPhillips | 0.6% |
35 | Eni | 0.6% |
36 | Petronas | 0.5% |
Coal continued to be the largest source of emissions in 2023, representing 41.1% of emissions in the database and continuing a steady upward trend since 2016. Coal emissions grew by 1.9% (258 megatonnes of carbon dioxide equivalent – MtCO₂e) from 2022, while cement saw the largest relative increase at 6.5% (82 MtCO₂e), driven by expanding production.
In contrast, natural gas emissions fell by 3.7% (164 MtCO₂e), and oil emissions remained stable with only a slight increase of 0.3% (73 MtCO₂e).
Learn More on the Voronoi App 
To learn more about this topic, check out this graphic that shows greenhouse gas emissions by sector in 2023, according to data was compiled by the United Nations. The power sector remains the largest emissions contributor.
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