Moscow becomes world's billionaire capital - Forbes


March, 2008

Moscow now has 74 billionaires with average wealth of $5.9 bln, placing it above New York, Forbes Magazine said in its annual rich list published on Thursday. According to the list, New York has 71 billionaires, followed by London with 36, Istanbul with 34, and Hong Kong with 30. Russia is second only to the United States in the number of its super-rich. An additional 35 Russians have crossed the $1 bln mark in the past year, helped along by the continued rise of the ruble against the dollar. "Sixteen years after the collapse of the Soviet Union, Russia, with 87 billionaires, is the new No. 2 country behind the U.S., easily overtaking Germany, with 59 billionaires, which held the honour for six years," said Forbes associate editor Luisa Kroll. The Unites States accounts for 469 (42%) of the world's billionaires. Topping the list of Russia's billionaires is Oleg Deripaska with $28 bln, placing him ninth in the world, ahead of the more famous Roman Abramovich with $23.5 bln, in 15th place. Deripaska's holding company Basic Element owns huge assets in insurance, auto manufacture, and aluminum, while Abramovich, since selling his oil company Sibneft to Russian state-controlled gas giant Gazprom in 2005, has bought up steel and mining assets. He also owns Chelsea Football Club. Russia's richest woman remains Elena Baturina, the 45-year-old second wife of Moscow Mayor Yury Luzhkov, 71. Forbes estimates that she has added $1.1 bln to her personal wealth in the past year, bringing it up to $4.2 bln and putting her in 253rd place globally. Baturina founded Inteko in 1991, which became Moscow's largest construction firm in the years after her husband became mayor. In late 2006 she sued the Russian edition of Forbes over a cover story. The world's richest man this year is U.S. investor and philanthropist Warren Buffet, ousting his friend Bill Gates from the top spot, which the Microsoft founder had held for 13 years. The two reportedly play regular games of online bridge together, and Buffet has pledged most of his wealth to the Bill & Melinda Gates Foundation, a charity focused on healthcare improvement and poverty reduction. Buffet's wealth has shot up to $62 bln with the stock growth of his holding Berkshire Hathaway, while Gates is now worth $58 bln, $2 bln more than last year, putting him in third place. In second place is Mexican telecoms tycoon Carlos Slim with an estimated $60 bln.

Source: http://en.rian.ru/russia/20080306/100793187.html

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Dear reader,

Arevordi will be taking a sabbatical to tend to personal matters. New blog commentaries will henceforth be posted on an irregular basis. The comments board however will continue to be moderated on a regular basis.

The last 20 years or so has also helped me see Russia as the last front against scourges of Westernization, Globalism, American expansionism, Zionism, Islamic extremism and pan-Turkism. I have also come to see Russia as the last hope humanity has for the preservation of classical western civilization, Apostolic Christianity and the traditional nation-state. This compelled me to create this blog in 2010. Immediately, this blog became one of the very few voices in the vastness of cyberia that dared to preach about the dangers of Globalism and the Anglo-American-Jewish alliance, and the only voice preaching the strategic importance of Armenia remaining within Russia's orbit. From about 2010 to 2015 I did monthly, at times weekly, commentaries about Russian-Armenian relations and Eurasian geopolitics in general. It was very difficult for me because I had no assistance from anywhere. The time I put into this blog therefore came at the expense of work and family. But a powerful feeling inside urged me to keep going; and I did. When Armenia joined the EEU and integrated into Russia's military structures a couple of years ago I finally felt a deep sense of relaxation, as if a very heavy burden was lifted off my back. And when Prime Minister Karen Karapetyan reemerged in Armenian politics, I finally felt that my personal mission was accomplished. I therefore felt I could take a step back as I really needed the rest.

Simply put: I have lived to see the institutionalization of Russian-Armenian alliance. Also, I feel more confident now that Armenians are collectively recognizing the strategic importance of Armenia's ties with Russia. Moreover, I feel satisfied knowing that, at least on a subatomic level, I had a hand in the outcome. As a result, I feel a strong sense of mission accomplished. I therefore no longer have the internal urge to continue as in the past. In other words, the motivational force that had propelled me in previous years has been gradually dissipating because I feel that this blog has lived to see the realization of its stated goal.

Going forward, I do not want to write merely for the sake of writing. Also, I do not want to say anything if I have nothing important to say. I feel like I have said everything I needed to say. Henceforth, I will post seasonal commentaries about topics I find important. I will however moderate the blog's comments section on a regular basis; ultimately because I'm interested in what readers of this blog have to say and also because it's through readers here that I am at times made aware of interesting developments. To limit clutter in the comments section, I kindly ask all participants of this blog to please keep comments coherent and strictly relevant to the featured topic of discussion. Moreover, please realize that when there are several anonymous visitors posting comments simultaneously, it becomes very confusing (not to mention extremely annoying) trying to figure out who is who and who said what. If you are here to engage in conversation, make an observation, express an idea or just attack me, I ask you to at least use a moniker to identify yourself.

Please appreciate the fact that I have put an enormous amount of information into this blog. In my opinion, most of my blog commentaries and articles, going back ten-plus years, are in varying degrees relevant to this day and will remain so for a long time to come. Posts in this blog can therefore be revisited by longtime readers and new comers alike. I therefore ask the reader to treat this blog as a depository of important information relating to Eurasian geopolitics. Russian-Armenian relations and humanity's historic fight against Globalism and Westernization.

Thank you for reading.