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A Russian Billionaire Just Gave $5 Million To The Kennedy Center

Billionaire Russian oligarch Vladmir Potanin is celebrating the 40th anniversary of the Kennedy Center for the Performing Arts by giving it a $5 million gift, according to the AP. The donation...

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The Feds Changed Their Mind At The Last Minute About Lending $730 Million To...

DEARBORN, Mich. (AP) — The U.S. Energy Department won't follow through on a planned $730 million loan to the North American arm of one of Russia's largest steel companies to modernize its Detroit-area...

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RUMOR: Mikhail Prokhorov Is Interested In Buying These Ancient Ruins

It's been rumored that New Jersey Nets' owner and Russian oligarch-extraordinaire, Mikhail Prokhorov is interested in adding some Ancient Greek ruins to his portfolio. Euronews, as well as Arabian...

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Even 'Russia's Answer To Paris Hilton' Thinks Putin Needs To Quit

Meet Kseniya Sobchak, the daughter of a prominent politician with ties to Putin, famous for hosting a popular tv show in Russia and christened "Russia's answer to Paris Hilton" by the New York Times....

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Oligarch’s $300 Million+ Superyacht Sets Sail For Phuket

We’ve enthused in past posts about ‘A’, the eye-popping 390-foot megayacht designed by Philippe Starck for 38-year-old Russian billionaire Andrey Melnichenko. The sci fi submarine-looking vessel cost...

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DISCOVERED: The Next Italian Vacation Spot For Russian Billionaires

A luxury Italian spa hotel is preparing to play host to an unexpected visitor from Moscow: the wife of the outgoing president, Dmitry Medvedev, the Guardian reports. The Hotel La Pace in Montecatini...

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A Second Rusal Chairman Rebels Against Oleg Deripaska

MOSCOW—Victor Vekselberg, chairman of the board of directors of United Company Rusal, has done what no Russian business partner of Oleg Deripaska has dared to do before, with one exception – announced...

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A Bitter War Of Words Has Broken Out Between Two Of Russia's Richest Men At...

MOSCOW (AP) — A bitter war of words broke out Tuesday between two of Russia's richest men after Viktor Vekselberg quit as chairman of Rusal, the world's largest aluminum producer. The resignation...

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Meet The 19 Richest Billionaires In Europe

Europe may be on the rocks, but there's still huge amounts of wealth on the continent. We decided to take Forbes recent list of top billionaires and look for those from the old world. Worth noting is...

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THE CHELYABINSK SHOWDOWN: A Russian Oligarch Gets Lucky At Australian Mines

Captain Matthew Flinders was a late 18th century British Navy captain and one of the greatest explorer navigators of his time. His circumnavigation around the southern continent he called Australia...

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A Russian Tycoon Is Suing The 'King Of Diamonds' For $1 Billion

The head of Angola's secret service made "fraudulent representations" to induce a settlement between two oligarchs warring over their African diamond interests, the high court in London has heard, as...

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Russian Oligarch Roman Abramovich Has Some Really Awesome Toys

Russian oligarch Roman Abramovich is worth $12.1 billion. That makes him the 68th richest person in the world, according to Forbes. He made his fortune as the main owner of private investment company...

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BP And Russian Oligarchs May Have Reached 'Endgame' Over Their Joint Venture

It's almost a year to the day since BP and the oligarchs at Alfa-Access-Renova (AAR) agreed to bury the hatchet and "intensify their efforts" to ensure the "continued success" of their TNK-BP joint...

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ABRAMOVICH DOES IT AGAIN: Takes $69 Million In Public Shareholder Value For...

What an enterprising lad! While Highland Gold, a London-listed public stockholding company, was looking in a forward direction, last Friday Roman Abramovich sold it a gold and silver prospect called...

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The Amazing Toys Of Russia's NEW Wealthiest Oligarch

Alisher Usmanov is now Russia's richest man thanks to the investment he made in Facebook three years ago.  The oligarch, whose investment term DST has invested in several Silicon Valley startups and...

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South African Oligarch Beats Oleg Deripaska To The Pot In Guinea

MOSCOW—A group of South Africans, led by Tokyo Sexwale, has devised a scheme to take over mineral assets and mining concessions in the west African republic of Guinea, which the government plans to...

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A Black Hole For Evraz And A Black Eye For Roman Abramovich

MOSCOW—Evraz, the Russian steelmaker listed on the London Stock Exchange main board, is being sued in the UK High Court for $35.8 million by a group of Swiss investors over a failed project to build a...

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Alrosa Boldly Offers To Trade Its Gas Fields For LUKoil's Diamonds

MOSCOW—Alrosa has announced new strategic targets until the end of 2021, following this week’s meeting of the Supervisory Board, as Alrosa’s board of directors is known. How much of the projected...

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Oleg Deripaska Suffered A Major Defeat In Nigeria

MOSCOW—An 8-year long case charging Oleg Deripaska and his Russian Aluminium (Rusal) group with fraud and corruption in acquiring aluminium assets, gas and electricity supply and port outlet in a...

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Oleg Deripaska's Secret Account Books Revealed

Fifteen years ago, the American Journal of Psychiatry reported research that not all obsessive-compulsive disorders are alike. Two individuals with obsessive-compulsive disorder, the scientific...

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