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Abramovich is no Longer the Richest Man in Russia

In the annual wealth rating, compiled by Finance magazine, was revealed that Chelsea FC owner Roman Abramovich is no longer in the top-three of Russia’s richest people.

But Moscow remains awashed with money. According to an annual ranking of the country’s richest 500, the wealth levels of Russia’s richest are slowly returning to their pre-crisis level. Russia boasted 114 dollar billionaires at the end of last year, compared to 101 in the pre-crisis year of 2007.

Number of Children Billionaires in Russia Grew by 1.5 Times

I am sure you have heard but there was a global economic downturn. Fortunately, for the sake of their inheritance, the children of Russia’s billionaires’ will not be affected, so we can breathe a sigh of relief. Finance magazine says that the amount of wealthy scions, based on estimates of what they can expect to inherit, has actually risen over the last year. And Finance magazine is referring only to billionaire scions.

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New York February / March 2014
New York February / March 2014