Moscow's suburb for billionaires

[Pooeypants]

Most people in Britain are now familiar with the scruffy, boyish and invariably unshaven features of Roman Abramovich, owner of Chelsea football club, and Russia's most famous billionaire. Roman Abramovich is Russia's most famous billionaire This week we learned that Mr Abramovich is one of a growing list of hyper-rich Russians. According to Forbes magazine Russia now has 60 billionaires. Unlike Mr Abramovich, most of them live in Moscow, which, if I'm not much mistaken, makes the Russian capital home to more billionaires than any other city in the world. It is quite a change for a place that 15 years ago had no millionaires, let alone billionaires. How exactly these people have got hold of such vast wealth in such a short time is a very good question, and one many ordinary Russians would like answered. It is one reason why Russia's richest people like to keep their identities and their lifestyles secret.

Make sure to read to the end.

Is there a moral to this story?

[Jack]

From the article:

Today a quarter of Russia's economy is owned by 36 men.

Too bad they didn't elaborate on who those men are and how they earned their money. They can't all be sports heroes. Judging from my inbox, I suspect more than one may be into big-time spamming, hacking or virus writing.

[tman_ndsu08]

You can only make money doing something if there is demand for it.

[PatrickHenry]

Quote by: tman_ndsu08 You can only make money doing something if there is demand for it.

Agreed. That's why we prosecute the mafia, they have a market for their murders.

Just because you can sell something doesn't justify it.

[Slevin57]

Quote by: tman_ndsu08 You can only make money doing something if there is demand for it.

Or if demand is created.. It says it right their in the article. The market made those men billionaires. The one the Russian people created.

Unfortunately by the looks of Russia today, you would not expect there to be such a huge extreme of wealth in the country.

They made ALOT of money with soaring property prices and consumer spending in the country.

I would imagine alot of the billionaires are in the construction, transportation/oil business.

<<Google'D>>

"Since the government defaulted on domestic debt and devalued the ruble in 1998, the benchmark RTS stock index has climbed 1,000% and the average monthly wage has jumped four-fold to US$400. Property in Moscow is now among the most expensive in the world, after doubling in the past two years, and the country's food retailing market is expanding at the fastest pace in Europe, according to Euromonitor International. – Bloomberg "

[Pooeypants]

Quote by: Isherwood From the article: Too bad they didn't elaborate on who those men are and how they earned their money. They can't all be sports heroes. Judging from my inbox, I suspect more than one may be into big-time spamming, hacking or virus writing.

The article said that these new aristocrats didn't want to have their names known (the spoilt daughter they visited and interviewed was given a fake name) as there was much contempt and envy from the millions of citizens who are struggling to make ends meet.

[Osborn F Enready]

After seeing the illogical displays emotion and propaganda can provoke, is it any wonder rich people don't want to be known well by the poorer masses?

The battle of haves and have nots, no matter how logically flawed or assembled, will always exist.

What was the point of the thread?