Billionaire Mikhail Fridman, whose net worth is $13.3 billion according
to Forbes, is to leave his children out of his will. The businessman
said he wants his children to create something on their own.
He
says giving a young person large amounts of money risks ruining his
life. He also doesn’t want his children to participate in his Alfa Group
business.
Fridman said he wants his children to follow his
footsteps and create something of their own. Another reason for that is
that he doesn’t want his elder daughter Laura, who is now 22, to become a
focus of people with bad intentions.
The tycoon added that the
same decision was made by his business partners. Fridman has four
children. The youngest is 10 years old, the eldest is 22.
In 2016,
Forbes Russia estimated Fridman’s wealth at $13.3 billion; he is ranked
second among the richest Russians. He is the principal owner of Alfa
Group, which includes Russia’s largest private commercial bank Alfa
Bank, X5 Retail Group that has a chain of supermarkets in Russia, A1 TV
Channel and the LetterOne investment holding.
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