Pursuits
Half of Russia's Richest People Are Planning to Cash Out
- The country's 22 wealthiest own companies worth $115 billion
- Business owners' exit strategies could spur Russian M&A boom
Why Capitalism in Russia Might Become a Pricey Problem
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It’s been a quarter century since the fall of the Soviet empire triggered one of history’s greatest wealth transfers. Now bankers are preparing for another as Russia’s first generation of capitalists makes way for the next.
Confidential surveys of dozens of millionaires and billionaires conducted since European and U.S. economic sanctions began last year show Russia’s wealthy are finding little support within the country’s legal framework to pass down businesses. A majority say they’re taking the issue of succession seriously for the first time.