As of the Forbes 2026 list, 10 billionaires hold Cypriot citizenship, though most live abroad. How many billionaires are in Cyprus, and who is the richest? The wealthiest is John Fredriksen, worth about $21.2 billion from shipping through companies including Seadrill and Frontline. This guide profiles the nation's wealthiest and where they live.
The ultra-wealthy connected to Cyprus have amassed their fortunes across shipping, infrastructure and commodities, real estate, software, aviation, and industrial manufacturing. As of the Forbes 2026 World’s Billionaires List, 10 billionaires hold Cypriot citizenship. The vast majority are not native Cypriots but foreign-born entrepreneurs who acquired Cypriot citizenship, and several reside abroad rather than on the island.
How many billionaires are in Cyprus?
Ten billionaires hold Cypriot citizenship on the Forbes 2026 list. However, only a few actually reside in Cyprus — Vladimir Krupchak in Limassol and Sergey Dmitriev in Paralimni — while most live abroad in places such as London, Dubai, Miami, and Monaco.
Top 10 Billionaires in Cyprus 2026
Who has the highest net worth in Cyprus?
1. John Fredriksen
John Fredriksen is the wealthiest billionaire holding Cypriot citizenship. As of 2026, his net worth is approximately $21.2 billion, ranking him around 118th worldwide. His fortune comes from shipping, with an empire spanning oil tankers, cargo ships, LNG carriers, and offshore drilling platforms through companies including Seadrill and Frontline. He primarily resides in London, United Kingdom.
2. Vinod Adani
Vinod Adani, the elder brother of Gautam Adani, has a net worth of approximately $20.8 billion as of 2026, ranking around 121st in the world. His wealth derives from infrastructure and commodities, with interests in ports, airports, and green energy. He resides in Dubai, United Arab Emirates.
3. Yakir Gabay
Yakir Gabay has a net worth of approximately $4.2 billion as of 2026, ranking around 1,011th worldwide. His fortune comes from real estate, principally through the property group Aroundtown. He primarily resides in London, United Kingdom.
4. Igor Makarov
Igor Makarov has a net worth of approximately $2.3 billion as of 2026, ranking around 1,834th in the world. His wealth stems from investments through the ARETI International Group, with roots in the energy sector. He resides in Miami, Florida, United States.
5. Vladimir Krupchak
Vladimir Krupchak has a net worth of approximately $1.6 billion as of 2026, ranking around 2,481st worldwide. His fortune comes from industrial manufacturing, primarily the Arkhangelsk Pulp and Paper Mill. He resides in Limassol, Cyprus.
6. Stelios Haji-Ioannou
Sir Stelios Haji-Ioannou has a net worth of approximately $1.4 billion as of 2026, ranking around 2,712th in the world. He built his fortune as the founder of the low-cost airline easyJet. He resides in Monaco.
7. Polys Haji-Ioannou
Polys Haji-Ioannou, the elder brother of Stelios, has a net worth of approximately $1.4 billion as of 2026, ranking around 2,712th worldwide. His wealth is tied to the family’s stake in easyJet alongside shipping interests. He resides in Monaco.
8. Sergey Dmitriev
Sergey Dmitriev has a net worth of approximately $1.4 billion as of 2026, ranking around 2,712th in the world. His fortune comes from software as the co-founder of JetBrains, the maker of developer tools. He resides in Paralimni, Cyprus.
9. Clelia Haji-Ioannou
Clelia Haji-Ioannou, the younger sister of Stelios, has a net worth of approximately $1.2 billion as of 2026, ranking around 3,017th worldwide. Her wealth comes from the family’s stake in easyJet. She resides in Monaco.
10. Valentin Kipyatkov
Valentin Kipyatkov has a net worth of approximately $1.0 billion as of 2026, ranking around 3,332nd in the world. His fortune comes from software, having co-founded JetBrains. He is associated with Cyprus.
Sources:
Forbes World’s Billionaires List 2026Cyprus Business News – 10 Cypriot billionaires on Forbes 2026 List
List of Cypriot billionaires by net worth
Last updated: June 19, 2026
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