It’s not easy being an oligarch | Curio

It’s not easy being an oligarch

7 mins | Mar 17, 2022

What makes you a plutocrat can also bring you down. Vladimir Potanin is Russia's most prosperous businessman with an estimated $23bn. Unlike other Kremlin-linked oligarchs, he has not been affected by Western sanctions after Russia invaded Ukraine. But his wealth has still fallen by about a quarter this year. But, as The Economist reveals, this isn't uncommon for tycoons in an increasingly authoritarian world. Here, they explore why globalisation has meant that autocracies, such as Russia and China, are breeding grounds for billionaires and why such fortunes can fall as fast as they rise.

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From The Economist

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