The Things They Carried: The Russian Oligarch

What does a Moscow billionaire take on vacation?

BY JULIA IOFFE | JAN/FEB 2012

When I texted Alexander Lebedev -- the KGB spook turned banker and media mogul -- explaining the conceit of this feature, he wrote back: "I don't have anything, not even money." The billionaire (estimated assets, according to Forbes: $2.1 billion) added a smiley face. We met in his two-story, taupe-colored Moscow mansion, with its plush leather chairs and a dozen scurrying assistants. "Yesterday I checked my bank account," Lebedev said with a smirk. "I had 61 million rubles." That's $2 million. So where's the rest? "All my assets are in potatoes," he joked, referring to his National Land Company, Russia's largest potato producer. What he meant is that his money is tied up in "productive assets": a fifth of the airline Aeroflot, shares in natural gas giant Gazprom, a Crimean hotel complex, and a slew of British and Russian newspapers, including the Independent. "Even if I wanted to, I couldn't take my money out," he told me. Lebedev's reluctance to open his pockets goes beyond his bank account. "I don't like any objects," he insisted, standing in front of a model airplane and a set of Chinese ivory blocks. "Ideally, I would move around the world totally empty."

 

Julia Ioffe is Foreign Policy's Moscow correspondent. Photograph by Max Avdeev.

 

MONKWALKER

3:16 AM ET

January 13, 2012

custom written essay

As you can see he is very simple in life with custom written essay . Maybe because he self-confident

 

HECTORGREG11

12:08 PM ET

January 31, 2012

interesting

I guess that is why the rich keep getting richer, they use their money to make more money and do not use the rest to buy useless items. If it ain't making money then its not doing its job. Money is pretty simple and once you get a formula down, then all you have to do is repeat the process. plumber boca raton this is how I get my money, but it is nothing compared to what this guy is making with his potatoes autos usados