MG Baltic President Darius Mockus is in fourth position, followed by Zilvinas Marcinkevicius, a former VP Group shareholder, at number five.

Numavicius now lives in London and is mostly engaged in retail trade and real estate. His wealth is estimated at 1.1 billion euros, according to the magazine.

"Numavicius has held onto his position as Lithuania's richest business person, but tightening competition in retail trade keeps him from resting on his laurels, and there is no lack of changes either," the magazine said.

Raila, who is engaged in logistics, warehousing and real estate, has an estimated wealth of 750 million euros. Girteka Logistics' net profit indicators are close to last year's levels and its value has remained virtually unchanged, according to the report.

Ziemelis has an estimated wealth of 630 million euros. This year's figure includes the estimated value of the aviation businessman's operations abroad, helping him climb up the magazine's ranking, compared with previous years.

Mockus' wealth is estimated at 610 million euros, and that of Marcinkevicius, at 405 million euros.

The top then list also includes Achemos Grupe Chairwoman Lyda Lubiene with 270 million euros, Kesko Senukai founder Augustinas Rakauskas with 250 million euros, Vaizga shareholder Ivan Paleicik with 215 million euros, VP Group shareholder Mindaugas Marcinkevicius with 200 million euros, and Hanner Chairman Arvydas Avulis with 190 million euros.

According to the magazine, the wealth estimates are mostly based on publicly available information, and declarations and reports submitted to the State Tax Inspectorate and the Center of Registers.