'Russia's Richest Man' May Have a New Title-Holder

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Aug. 22 (Bloomberg) -- Leonid Mikhelson, the billionaire who controls OAO Novatek, Russia’s largest private gas producer, is poised to bump Alisher Usmanov from his perch as the country’s richest person. Mikhelson has been closing the net-worth gap with Usmanov in the past three months and is now $400 million behind the mining magnate, according to the Bloomberg Billionaires Index. Matthew G. Miller talks about the rankings with Deirdre Bolton on Bloomberg Television's "In the Loop." (Source: Bloomberg)