The family of Mikhail Gutseriev, Founder of BIN Group, tops, with a net worth of $9.8 billion, the 2016 ranking of the richest families of Russia, which Forbes business magazine has publicized.

Russian Armenian Sarkisov brothers are ranked sixth in this list.

They own more than 60 percent of the shares of Insurance Company Reso-Garantia.

The brothers’ real estate abroad accounts for the bulk of their wealth.

The Sarkisov’s net worth is estimated at $1.4 billion.