Mongolia's 10 richest men

(initially posted on 10/29/11)


1. Odjargal Jambaljamts

J. Odjargal

Net worth .....................................  2.3 billion USD
Source of wealth .........................  MCS Group
Profession .................... ................  President
Residence/citizenship ..................   Mongolia
Age ...............................................    46
http://www.mcs.mn/en/

2. Chinbat  Lhagva

Chinbat L.

Net worth .................... 1.3 billion USD
Source of wealth ......... Gatsuurt LLC
Profession .................... Owner
Residence/citizenship ... Mongolia
Age ................................. 49
http://www.gatsuurt.net/

3. Battulga  Khaltmaa 

Battulga Kh.

Net worth ................... 1.2 billion USD
Source of wealth ........ Jenko Group
Profession ..........................  Member of the Parliament, Minister  for Roads, Transportation and Construction
Residence/citizenship ......... Mongolia
Age .....................................  48
http://www.genco.com.sg/

4.  Nyamtaishir  B.

Nyamtaishir  B.

Net worth ........................ 1.1 Billino USD
Source of wealth ............. MAK Group 
Profession ...................... President and CEO
Residence/citizenship ..... Mongolia
Age .................................. ~ 50
http://www.mak.mn/eng/
5. Batbold Sukhbaatar

Batbold S.

Net worth ........................... 1 Billion USD
Source of wealth ................ Altai Trading LLC, Altai Holdings LLC
Profession ......................... Member of Parliament, ex-Prime Minister
Residence/citizenship ....... Mongolia
Age .................................... 48
http://altaiholding.mn/new/

6.  Baatarsaikhan  Tsagaach

Baatarsaikhan Ts.

Net worth ........................... 800 million USD
Source of wealth ................ Tavan Bogd Group
Profession ......................... President
Residence/citizenship ........ Mongolia 
Age .....................................
http://www.tavanbogd.com/en/

7.  Boldbaatar Tserenpuntsag

Boldbaatar  Ts.

Net worth ................................. 800 million USD
Source of wealth ..................... Newcom Group
Profession ............................... Chairman
Residence/citizenship.............  Mongolia
Age ........................................  57
 http://www.newcom.mn/

8. Bold  Luvsandanzan 

Bold L.

Net worth .............................. 800 miliion USD
Source of wealth .................. Bodi Group
Profession ........................... Minister of Defense
Residence/citizenship ........  Mongolia
Age .....................................  50
http://www.bodigroup.mn/

9.  Batkhuu Gavaa

Batkhuu  G.

Net worth ......................... 700 million USD
Source of wealth ............. Shunkhlai Group LLC
Profession ....................... Deputy Chairman of the Parliament
Residence/citizenship ..... Mongolia
Age ..................................  51
http://www.shunkhlai.mn/

10.  Erdenebileg  Doljin

Net worth ........................... 700 million USD
Source of wealth ................ Trade and Development Bank
Profession .......................... Chairman  of the Representative Governing  Board
Residence/citizenship ....... Mongolia
Age ................... 
                                             http://www.tdbm.mn/




Source: "HERO" journal