What It’s Like To Be A Billionaire In Russia

Russia has had quite a lot of ups and downs with their economy, especially between recovering from the fall of the Soviet Union to dealing with the pandemic! But one group that is pretty resilient is Russian billionaires. While the rest of the country was feeling the hit of a declining economy, the wealthy elite were sitting pretty and doing just fine. In fact, billionaires like Alexey Mordashov has been thriving as Russia’s richest billionaire. He and his fellow billionaires are buying mansions, yachts, and even using their wealth to promote Russian art around the world. The next generation of billionaires are definitely going to inherit their parents’ wealth. With the way the country is today, we might not see many “rags to riches” stories anymore since the Russian middle class is kind of stuck thanks to the pandemic. The children and grandchildren of these billionaires are getting educated in boarding schools in countries like Great Britain, and they are learning new ways to grow their family business.