22 April 2007
While waiting for the first estimates of the first round of the French presidential election, I found this fascinating article by Rupert Wingfield-Hayes on the BBC website about Russian billionaires suburbs.
Pot-pourri of the best parts:
Ever since I arrived in Russia I've heard tall stories of a secret city deep in the forests outside Moscow where the rich indulge their fantasies in sprawling palaces of marble and gold. It sounded like a good story. I didn't expect it to be true, let alone that I'd get an invite.
According to Forbes magazine Russia now has 60 billionaires. [...] Most of them live in Moscow, which, if I'm not much mistaken, makes the Russian capital home to more billionaires than any other city in the world.
It is quite a change for a place that 15 years ago had no millionaires, let alone billionaires.
Fifteen years ago everything in Russia was owned by the state. Today a quarter of Russia's economy is owned by 36 men.
While the whole story about how Russia's riches have ended up in the hands of only a few is definitely not funny, the life of these multi-billion families would make a great reality TV show à la Real Desperate Housewives of the Orange County.

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