Georgia’s wealthiest individuals were recently ranked by Forbes Georgia, revealing a significant concentration of wealth within the country. The inaugural list, published on March 23, 2026, identifies 100 of Georgia’s most affluent entrepreneurs, showcasing a combined fortune exceeding 60.1 billion lari – roughly 60% of the nation’s economy and three times its state budget revenues. This wealth distribution is markedly uneven, with ten individuals controlling approximately 60% of the total, and the top five accounting for nearly half.
The average wealth within the ranking stands at around 600 million lari, while the median is just 227 million lari, highlighting a substantial disparity. Capital is heavily concentrated in sectors like finance, telecommunications, healthcare, and real estate, driven by scale and market positioning. Traditional industries benefit from accumulated advantages, reflecting the “institutional reality” of Georgia’s developing economy, where market access is crucial.
Innovation-driven capital is emerging, but existing economic systems largely determine wealth hierarchy. The ranking, compiled using financial statements, ownership data, and verification checks, excludes foreign assets. Forbes Georgia notes that this ranking describes the dynamic, rather than evaluating it.
Mikheil Lomtadze, leading the list with 15.853 billion lari, and Bidzina Ivanishvili, the country’s “informal ruler,” occupy the top two positions. Key figures include Giorgi Jokhtaberidze, a major telecommunications stakeholder, and Temur Chkonia, the Coca-Cola Bottlers Georgia operator. The list includes both business leaders and politicians, such as Maka Asatiani and Mamuka Khazaradze, reflecting the interconnectedness of Georgia’s economic and political landscape.
The average age of the wealthiest people in georgia is 56, with a range from 25 to 90. This study provides a snapshot of georgia’s richest people and their influence.
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