| Net Worth | $100 million |
|---|---|
| Salary | N/A |
| Birthdate | June 26, 1963 |
| Birthplace | Moscow |
| Gender | Male |
| Height | N/A |
| Profession | Businessman, Philanthropist |
| Nationality | Russian |
Table of Contents
- What is Mikhail Khodorkovsky’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
What is Mikhail Khodorkovsky’s Net Worth?
Mikhail Khodorkovsky, a Russian businessman and philanthropist, has a net worth of $100 million.
Highlights
– Mikhail Khodorkovsky is a vocal critic of the Kremlin and Vladimir Putin.
– He was once the richest person in Russia and the 16th-richest person in the world.
– Khodorkovsky was arrested in 2003 on charges of fraud and tax evasion.
– After spending more than 10 years in a Siberian jail, he was pardoned by Putin in 2013.
– His former wealth was greatly diminished, with his company Yukos being bankrupted and its assets seized and sold.
Early Life
Mikhail Borisovich Khodorkovsky was born on June 26, 1963, in Moscow. His parents, Boris and Marina, were engineers at a factory that made measuring instruments. His mother was a Russian Orthodox Christian, and his father was Jewish. Despite their opposition to Communism, Khodorkovsky initially became a supporter of Communism and a patriot of the Soviet Union in his youth.
He attended the D. Mendeleev University of Chemical Technology of Russia, where he earned a degree in chemical engineering in 1986. During his time there, he became involved with the Communist Youth League, known as Komsomol. Khodorkovsky married his first wife, Yelena, while at university and had a son with her. However, he later left her after meeting another student named Inna. He courted Inna by sleeping in his car outside her apartment until she agreed to date him. They eventually got married and have had three children together.
Career
Khodorkovsky’s career began with the Komsomol, the usual path for individuals seeking entry into Soviet politics. However, instead of climbing the political ranks, he displayed a talent for business. Taking advantage of Soviet leader Mikhail Gorbachev’s reform program, perestroika, Khodorkovsky used his connections in the Komsomol to open his first business—a café—in 1986.
He further leveraged his connections and established the Center for Scientific and Technical Creativity of the Youth, which imported and sold computers, among other products. In 1989, Khodorkovsky and his partners founded Bank Menatep, one of Russia’s first privately owned banks. The bank thrived and was granted the right to manage funds allocated for the victims of the Chernobyl nuclear accident. It adopted questionable practices, such as withholding government funds meant for victims to enrich its owners. Khodorkovsky’s fortunes soared during this period, and he acquired the Yukos oil company, amassing further wealth through currency trading. By 2003, he was considered the richest man in Russia and a political influencer.
Personal Life
Khodorkovsky’s personal life has been marked by multiple marriages. While he left his first wife, Yelena, for Inna, he maintained a good relationship with Yelena and their son. He and Inna have been married for many years and have three children together.
Net Worth Over Time
Khodorkovsky’s net worth has experienced significant fluctuations over time. At the height of his wealth, he was the richest person in Russia and one of the wealthiest individuals globally, with a personal net worth of $15 billion. However, his wealth plummeted after his arrest in 2003 and the subsequent bankruptcy of Yukos. Currently, his net worth is estimated at $100 million.
Components of Net Worth
Khodorkovsky’s net worth primarily consists of his investments, properties, and other assets. While he has faced financial setbacks, his net worth remains substantial.
In conclusion, Mikhail Khodorkovsky, once the richest person in Russia, now has a net worth of $100 million. He built his wealth through successful business ventures, including the acquisition of Yukos, but faced a dramatic downfall due to his arrest and subsequent bankruptcy. Despite these setbacks, he has remained a prominent figure and a vocal critic of the Kremlin.
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