This billionaire co-founded one of Russia’s largest private banks, MDM Bank, in 1993, and has interests in companies producing mineral fertilisers and extracting coal. His £300 million yacht, “A,” named after his Serbian model wife Aleksandra, is 400ft long and designed by Philippe Starck. With 42 staff to look after the whims of just 14 guests, it is no wonder that Melnichenko decided to sail on it to Norway to collect three paintings by Claude Monet that he’d purchased. By collecting them there he also cleverly avoided the EU’s import taxes.
Two stories to keep beside you
Andrey Borodin
This billionaire former president of the Bank of Moscow lives in exile in London and is on the Interpol Red Notices wanted list as a suspect in a £136 million (13 billion rouble) fraud.
Leonard Blavatnik (Леонид Валентинович Блаватник)
Jewish father of four Leonard Blavatnik became the UK’s richest person in 2015 when The Sunday Times listed him to be worth £13.17 billion.
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