Amazon boss Jeff Bezos made headlines this week when he was declared the richest person in the world with a net worth of $90 billion. But a U.S. financier told senators Thursday that he believed the title belonged to someone else, and it is not Bill Gates.
According to Bill Browder, CEO of Hermitage Capital Management, Russian President Vladimir Putin is richer than both Bezos and Gates combined.
"I believe he is worth $200 billion," Browder told the U.S. Senate Judiciary Committee.
And Browder should know. The financier, whose company was once the largest portfolio investor in Russia, famously retained Russian lawyer Sergei Magnitsky to investigate corruption, and in 2008 the lawyer uncovered a $230 million tax fraud that implicated Russian officials in a cover up. Russian authorities jailed Magnitsky shortly after the discovery and he died in prison a year later. Full story...
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According to Bill Browder, CEO of Hermitage Capital Management, Russian President Vladimir Putin is richer than both Bezos and Gates combined.
"I believe he is worth $200 billion," Browder told the U.S. Senate Judiciary Committee.
And Browder should know. The financier, whose company was once the largest portfolio investor in Russia, famously retained Russian lawyer Sergei Magnitsky to investigate corruption, and in 2008 the lawyer uncovered a $230 million tax fraud that implicated Russian officials in a cover up. Russian authorities jailed Magnitsky shortly after the discovery and he died in prison a year later. Full story...
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