The ultra-wealthy in Cyprus have amassed their fortunes through a variety of industries, including software, retail, fashion, investments, and telecom. With 6 billionaires in total, the country is home to some of the world’s wealthiest individuals.
How many billionaires are in Cyprus?
There are a total of 6 billionaires in Cyprus. Limassol has the most with 3 billionaires, followed by Paphos, Paralimni, and Peyia which each have 1 billionaire.
Top 6 Billionaires in Cyprus 2025
Who has the highest net worth in Cyprus?
1. Sergey Dmitriev
Sergey Dmitriev, born in 1966, is a self-made male billionaire with a final net worth of $3.0 billion in 2025, ranked 1100th in terms of wealth worldwide. His source of wealth is software and his business interests span the technology industry. Recently, Dmitriev has invested heavily in AI startups, expanding his influence in emerging technologies.
2. Artem Khachatryan
Artem Khachatryan, born in 1975, is a self-made male billionaire with a net worth of $2.4 billion in 2025, ranked 1300th in the world. His wealth comes from the retail industry and is associated with fashion and retail. Khachatryan has recently launched a sustainable fashion line that has gained significant international attention.
3. Sergey Lomakin
Sergey Lomakin was born in 1973 and is a self-made male billionaire. In 2025 his final net worth was estimated to be $2.3 billion, ranking him 1350th in terms of wealth worldwide. His business operates in the Fashion & Retail industry and his source of wealth is Retail. He is associated with the Fashion & Retail industries. Lomakin has expanded his retail empire into e-commerce platforms across Europe.
4. Valentin Kipyatkom
Valentin Kipyatkom was born in 1976 and is a self-made male billionaire. In 2025, his net worth was estimated to be $2.0 billion, ranking him 1500th in the world. His wealth is primarily sourced from the software industry, although he is also associated with the technology sector. Kipyatkom recently spearheaded a cybersecurity firm that has become a leader in the region.
5. Gleb Fetisov
Gleb Fetisov, born in 1966, is a self-made male billionaire with a net worth of $1.3 billion as of 2025, ranking him 2200th in the world. His source of wealth is investments, mainly in the telecom industry. His business interests also include other industries related to telecom. Fetisov has diversified his portfolio by investing in renewable energy projects in Cyprus.
6. Elena Markova
Elena Markova, born in 1980, is a self-made female billionaire with a net worth of $1.1 billion in 2025, ranked 2500th worldwide. Her wealth comes from investments and real estate development. Markova is noted for her philanthropic work in education and women’s entrepreneurship in Cyprus.
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