For a quarter-century, Forbes has been investigating billionaire oligarchs, digging into their political connections, murky holdings and maze of offshore assets.
An oil baron who privatized state-owned drilling operations in the ’90s to create Surgutneftegas, Bogdanov was made a “Hero of Labor of the Russian Federation” by Putin in 2016 “for special labor service for the country and people.”Deripaska merged his Siberian Aluminum with the aluminum assets of Roman Abramovich’s Millhouse Capital to form Rusal in 2000. His ex-wife was Boris Yeltsin’s step-granddaughter, and he holds a diplomatic passport. The U.S.
Alisher Usmanov had already nabbed a mining fortune in Russia—and was eyeing American tech companies—when he sat down withfor tea and pastries at his 30-acre compound in the Moscow suburbs in early 2010. An early Facebook investor, Usmanov praised the U.S. as “technological country number one.” But the majority owner of Metalloinvest was careful to make his allegiances clear.
You can easily find several photos of the prime minister [Vladimir Putin] among the chandeliers and Italian marble at Metalloinvest’s Moscow headquarters. “I am proud that I know Putin, and the fact that everybody does not like him is not Putin’s problem,” says Usmanov. He stretches for a historical comparison: “I don’t think the world loved Truman after Nagasaki.”
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