Thursday, July 18, 2013

A Day in the Life of a Russian Oligarch

If you follow business news about Russia, Ukraine, or post-Communist Eastern Europe in general, you've no doubt read a lot about oligarchs. But who are they, really, and what do they do besides amass wealth using government support and/or corruption?

Business Insider has picked up and shared an interesting interview with Sergei Veremeenko, one of Russia's most famous and successful oligarchs (net worth estimated at $1.4bln, and he's also married to Miss World 2006). Like the majority of oligarchs, Veremeenko made most of his millions from...you guessed it, natural resources (read: oil) and finance. He was born in the oil-rich Ufa area and thus had a natural career path into energy, but then diversified in 1992 when he partnered with fellow billionaire (and fellow Sergei) Sergei Pugachev to found the International Industrial Bank.


Check out the 8+ minute-long video interview by VICE at this link: http://www.forbes.com/fdc/welcome_mjx.shtml

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