Russia now has more than 100 dollar billionaires, second only to the US, which has 415, according to an annual survey by Finans magazine. Germany is third with 60. Russian companies sold a record $33 billion in shares in 2007, while immense reserves of oil, gas and coal and soaring commodity prices have pushed wealth creation to unprecedented levels. Last year Russian billionaires numbered 61. Metals tycoon Oleg Deripaska, a 40-year-old physics graduate, heads the list with assets estimated at $40 billion – almost twice as much as Roman Abramovich, 41, the Chelsea Football Club owner, who is second with $23 billion. Finans said Deripaska was the "most active entrepreneur in Russia". His Basic Element holding company, which controls the aluminium giant Rusal, had expanded rapidly after a series of new acquisitions abroad, including stakes in General Motors, Magna International, the Canadian auto parts group, and Hochtief and Strabag, the German and Austrian construction groups. Mr Abramovich is followed by OAO Novolipetsk Steel's Vladimir Lisin, Alfa Group's Mikhail Fridman and OAO Severstal's Alexei Mordashov, who all moved up the list with estimated assets of between $22.1 billion and $22.2 billion. Property tycoons Kirill Pisarev and Yuri Zhukov of PIK Group joined the Finans list with $6.5 billion each after PIK's initial public offering in June, the largest of the year by a European real estate company. Two other property developers, Sergei Polonsky and Artur Kirilenko of Mirax Group, which is building Europe's tallest skyscraper, entered the list at $4.35 and $1.1 billion respectively. Other newcomers include Alexander Dzhaparidze, co-owner of Eurasia Drilling, with $1.8 billion, and Alexander Skorobogatko, co-owner of OAO Novorossiysk Commercial Sea Port, with $1.55 billion. Skorobogatko is one of 12 members of parliament who are billionaires, most of whom belong to the pro-Putin United Russia party. The richest, ZAO Gazmetall shareholder Andrei Skoch, is worth $6 billion. Former lawmaker Suleiman Kerimov, whose appointment to the upper house hasn't been approved yet, is worth $18 billion. Russia's only female billionaire remains Yelena Baturina, who saw her property and construction holdings rise in value to $7 billion, or 27th overall, from $6 billion. Her husband, Moscow Mayor Yuri Luzhkov, is not on the list. The second-richest woman is Tatiana Kuznetsova, whose $490 million fortune comes from her stake in natural gas producer OAO Novatek. The country's richest 500 people are collectively worth $715 billion; more than half of Russia's GDP. The survey also confirms the dominance of tycoons who have developed friendly relations with the Kremlin by agreeing to President Vladimir Putin's ultimatum to stay out of politics. Mr Deripaska has spent hundreds of millions of dollars on a sports complex near the Black Sea town of Sochi, where the 2014 winter Olympics will be held, while Mr Abramovich has funded a new training camp for the Russian football team. Viktor Vekselberg – ninth richest, with $15.5 billion – acquired a clutch of Fabergé eggs worth around $100 million to ensure they stayed in Russia. And Arsenal Football Club shareholder Alisher Usmanov – 12th, with $13.3 billion – spent $40 million last September to buy the entire art collection of the late cellist Mstislav Rostropovich for a state museum. In contrast, self-exiled London resident Boris Berezovsky, a power-broker under Boris Yeltsin but who fell out with Mr Putin, has seen his assets dwindle and came in at 80th on the list with $1.3 billion. Mikhail Khodorkovsky, the former Yukos oil head and once Russia's richest man, was jailed after clashing with the Kremlin in 2005 and no longer figures among Russia’s 500 richest people.