Here Are the Top 10 Richest People in Mongolia and their Net worth not forgetting their source of wealth. The richest people in Mongolia: How they became Mongolian Billionaires and millionaires. The following Forbes list of Mongolian billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2018. The FORBES List is based on an estimated wealth taking company shares, real estates, art objects or luxury goods such as yachts into consideration.

1. Odjargal Jambaljamts 
Richest man in Mongolia Odjargal Jambaljamts estimated net worth is US $ 2.6 billion and he is ranked at No. 1 in the list of top 10 richest man in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018. Mr. Odjargal Jambaljamts serves as the Executive Chairman of Mongolian Mining Corporation and has been its Executive Director since May 18, 2010.
From 1989 to 1991, Mr. Jambaljamts was an automation engineer at the Energy Authority of Ulaanbaatar, Mongolia. Mr. Jambaljamts has over 14 years of experience in exploration and/or extraction activities

2.Chinbat Lhagva
Chinbat Lhagva estimated net worth is US $ 1.9 billion and he is ranked 2nd in the list of top 10 richest people in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018. He does not have any political affiliations.
Chinbat L is the General Director Mongolian television and General Director of the Gatsuurt Group. Also, he is a member of the board of Directors of “Mongolian agronomy entrepreneurs association”. He founded the Gurvan Gol JSC, a geological mining company, with his colleagues in 1998, and was a shareholder in the company.

3.Battulga Khaltmaa
Battulga Khaltmaa estimated net worth is US $ 1.5 billion and he is ranked at No. 3 in the list of top 10 richest people in Mongolia as given the impression in financial magazines such as Forbes and Bloomberg 2018. Khaltmaagiin Battulga is a Mongolian politician and President of Mongolia.
Battulga Khaltmaa served as Member of the State Great Khural from 2004 to 2016 and Minister of Roads, Transportation, Construction and Urban Development from 2008 to 2012.

4.Nyamtaishir B
Nyamtaishir B has been also listed as one of the wealthiest man in Mongolia as at 2018 due to his massive net worth. Multi Billionaire Nyamtaishir B estimated net worth is US $ 1.4 billion and he is ranked at No. 4 in the list of top 10 richest man in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018.

5.Batbold Sukhbaatar
Multi Billionaire Batbold Sukhbaatar estimated net worth is US $ 1 billion and he is ranked at No. 5 in the list of top 10 richest man in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018.
Sükhbaataryn Batbold is a Mongolian politician who was Prime Minister of Mongolia from 2009 to 2012, as well as General Secretary of the Mongolian People’s Party.

6.Bold Luvsandanzan
Bold Luvsandanzan estimated net worth is US $ 800 million and he is ranked at No. 6 in the list of top 10 richest people in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018.
Bold Luvsandanzan is the chairman of the Inter-Parliamentary friendship group of Mongolia-Switzerland and Vice-Chairman of the Inter-Parliamentary friendship group of Mongolia-Japan. Since 2014 Chairman of the Inter-Parliamentary friendship group of Mongolia-Germany.

7.Baatarsaikhan Tsagaach
Baatarsaikhan Tsagaach estimated net worth is US $ 800 million and he is ranked at No. 7 in the list of top 10 richest people of Mongolia as given the impression in financial magazines such as Forbes and Bloomberg 2018.
Mr. Ts. Baatarsaikhan serves as the President of the Tavan Bogd Group. Mr. Baatarsaikhan is the Founder of Tavan Bogd Trade Co., Ltd. He has been a Director of Khan Bank LLC since March 2009.

8.Boldbaatar Tserenpuntsag
Boldbaatar Tserenpuntsag estimated net worth is US $ 800 million and he is ranked at No. 8 in the list of top 10 richest men in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018. Mr. Tserenpuntsag earned a master’s degree in Engineering from the Elecrotechnical Institute of Telecommunications in Leningrad, Russia.
Mr. Boldbaatar Tserenpuntsag is the Chairman and Co-Founder at Newcom Group. Prior to founding the firm, Mr. Tserenpuntsag was the First Deputy Director at the Mongolian Telecommunications Authority and a Member of the first Mongolian Parliament which was elected after the 1990 revolution. He also served as the General Director of the Mongolian Telecommunications Company.

9.Batkhuu Gavaa
Batkhuu Gavaa estimated net worth is US $ 700 million and he is ranked at No. 9 in the list of top 10 richest people in Mongolia as given the impression in financial magazines such as Forbes and Bloomberg 2018. Batkhuu.G, a former Member of Parliament for the Democratic Party (DP) and his brother Batsaikhan.P own the Media Group LLC with 50:50 shares.
Batkhuu Gavaa holds a Major in engineering and economics. He is a former Member of Parliament, Vice-Speaker of the Parliament, and former Minister of Road, Transport, and Tourism of Mongolia. He is a member of the Democratic Party (DP).

10.Erdenebileg Doljin
Erdenebileg Doljin estimated net worth is US $ 700 million and he is ranked at No. 10 in the list of top 10 richest man in Mongolia as appeared in financial magazines such as Forbes and Bloomberg 2018. Mr. Doljin Erdenebileg has been the Chairman and Director of Trade and Development Bank of Mongolia LLC since December 28, 2006.
Mr. Erdenebileg serves as a Member of the Representative Governing Board of Ulaanbaatar City Bank. He holds a Bachelor’s in Law from the Institute of Law in Mongolia and a Master’s in Business Administration from the Academy of Management in Mongolia.

Published Date:2018-07-22