10/04/2008 05:12 am ET Updated May 25, 2011

Rise Of The Minigarchs: For First Time, More Than 100 Russian Youngsters To Inherit $1B Each

For the first time in Russia's history, over 100 youngsters stand to inherit more than $1 billion from the country's burgeoning ranks of oligarchs.

An annual league table produced by the weekly business magazine Finans shows that the number of heirs with a claim to billion-dollar fortunes has risen from 70 to 112 in the past year.

The list is topped by five-year-old Marina Deripaska and her seven-year-old brother Pyotr, who have a theoretical value of $20 billion each. They are the children of Oleg Deripaska, an aluminium magnate who leapfrogged Roman Abramovich, the proprietor of Chelsea Football Club, to become Russia's richest individual last year.

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