Megayachts have always been a status indicator for Russian billionaires. A number of participants in the Forbes list of Russia’s richest businessmen have such vessels. The absence of such vessels among the list’s representatives is rather an exception. After February 2022, the boats of Russian oligarchs fell into unpleasant circumstances – some of them were confiscated, others are now moored in strange places, others were forced to hide. How international sanctions have affected the fleet of Russia’s biggest supers and their
Russian oligarchs refers to a group of businessmen from the post-Soviet space who made their fortunes in the 1990s after the collapse of the Soviet Union. They own large industrial enterprises, media empires and financial organisations. Such business oligarchs are linked with political elites, and it is believed that they use their capital to lobby for personal business interests: they influence the economy and decisions of state importance. But is modern Russia an oligarchic state? We explore this in this Russiasrichest
One of the world’s most luxurious resorts will be ready to welcome guests in 2024. It is located on the Greek island of Skorpios, formerly owned by the famous billionaire Aristotle Onassis and later by his daughter. The island is now owned by Russian billionaire Dmitry Rybolovlev. He is known to have invested about 400 million euros in the development of the resort. The businessman had previously purchased the island from the Greek magnate’s heiress, Athina, for $120 million. The Greek authorities
The Russian freight logistics company Freight One has changed hands. For over a decade, it belonged to Russian billionaire Vladimir Lisin through his affiliated entities. In November 2023, Freight One became the property of Aurora Invest. Analysts estimate the size of the deal at around $2.5 billion. According to the media, the change of ownership will not entail a change in the company’s business strategy, but its business will be expanded across several pillars. Freight One is listed among Russia’s two largest rail
In early December 2023, Alfa-Bank founder Mikhail Fridman and the bank’s former shareholder German Khan were spotted at a society event in Moscow. They attended a soirée of the Russian Jewish Congress that took place on December 7 at the Igor Butman Jazz Club. Conceived as part of the Hanukkah festivities, the event drew particular attention of the press because Fridman and Khan hadn’t made social appearances in a long while, let alone in Moscow. Mikhail Fridman is known to have
Pavel Durov, known as the founder of the Russian social network VKontakte and the international cloud messenger Telegram, has spent a hefty amount on Telegram subscriptions. Media reports suggest that he used the equivalent of $200,000 in Toncoin (TON) to pay for 10,000 premium subscriptions in Telegram. The purchased subscriptions will be raffled off among the subscribers of his Telegram channel. Pavel Durov is a renowned Russian businessman. Forbes ranks him 10th among Russia’s billionaires and 148th in the world. His
Two Russian billionaires – Vagit Alekperov, founder of Lukoil, and Andrei Melnichenko, co-founder of EuroChem and SUEK – have earned more than any of their compatriots in the outgoing year 2023. According to the Bloomberg Billionaires Index, Alekperov has increased his personal fortune by $9.14 billion to $24.5 billion since the beginning of the year, while Melnichenko has earned $4.03 billion since January, and his fortune is now estimated at $17.2 billion. As Bloomberg’s calculations suggest, the aggregate wealth of the
In October 2023, a unique exhibition dedicated to the art, history, and culture of 25 great Central Asian dynasties opened in Moscow. The Great East collection is hosted by the International Numismatic Club Museum, which was established by Vagit Alekperov – a famous Russian billionaire and the founder and former president of Russia’s oil giant, Lukoil. Forbes estimates his fortune at almost $24 billion, placing the businessman among the world’s top 100 and Russia’s top 10 richest people. As Mr. Alekperov
Three top managers at Alfa – Alexey Giyazov, Vladimir Verkhoshinskiy, and Vadim Zingman – have earned recognition for outstanding professionalism in their field, according to the Russian Managers Association. The Top 1000 Russian Managers is a prestigious independent award that was established in 2001. Award winners are chosen by their peers – market representatives from relevant fields. For instance, financiers determine the winners among financial sector nominees. Alexey Giyazov, Director of Marketing, Design, and Customer Engagement at Alfa-Bank, has been named one
The Russian Forbes has released the list of Russia’s wealthiest women in 2023. The ranking is topped by Tatyana Bakalchuk, the founder and CEO of Wildberries, one of Russia’s largest online marketplaces. According to Forbes, her net worth is estimated at approximately $7 billion. It plunged by almost one-half over the course of 2022. In 2023, Bakalchuk is over $4 billion ahead of her runner-up, Tatyana Litvinenko, the shareholder of phosphate fertilizer manufacturer PhosAgro. This is not Bakalchuk’s first time topping
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