Mikhail Khodorkovsky is a Russian businessman who is estimated to have a net worth of $100 million. Learn more about his fortune and profits from his career.
Mikhail Khodorkovsky is a Russian business magnate who was once the richest man in the country.
His family was pretty well-off, living in a two-room flat in a concrete block in Moscow’s outskirts, yet he was once the world’s wealthiest person thanks to his hard work.
What Is Mikhail Khodorkovsky Net Worth In 2022?
Mikhail Khodorkovsky’s net worth is estimated to be over $100 million. He is a Russian businessman and philanthropist.
In 2003, he was Russia’s wealthiest individual, with an estimated fortune of over $15 billion and a ranking of 16th on Forbes’ list of billionaires.
He rose through the ranks of the Komsomol during the Soviet era, and he started several firms during the late 1980s glasnost and perestroika period.
Following the disintegration of the Soviet Union in the mid-1990s, he accumulated enormous wealth by taking control of many Siberian oil resources, which were merged under the name Yukos, one of the largest firms to emerge from the privatisation of governmental assets in the 1990s.
In 2013, his estate was valued at between $100 and $250 million.
In 2014, he was reported to be worth around $500 million. In 2015, he moved to London.
In December 2016, the Dublin District Court unfroze $100 million in Khodorkovsky’s assets in the Republic of Ireland.
Mikhail Khodorkovsky’s Net Worth and Earnings Throughout His Career
Mikhail Khodorkovsky is a dedicated individual who has been fortunate enough to be born into a wealthy family.
After graduation in 1986, he went to work full-time for the Komsomol, which was a common way for Soviet politicians to start their careers.
Instead of taking this path, he launched his own business using “quasi-official and often extra-legal economic opportunities.” Khodorkovsky opened his first business, a private café, with Komsomol partners in 1986, and was technically under its supervision.
Mikhail also worked as an economic adviser to Boris Yeltsin’s first administration.
In 1992, he was chosen head of the Fund for the Promotion of the Fuel and Power Industry Investment. He was appointed Russia’s Deputy Minister of Fuel and Energy in March 1993.
According to Gessen, he gained millions in currency trading in the 1990s. He also bought privatisation vouchers, which entitle every Russian citizen to a share of the country’s riches. Many Russians were overjoyed at the opportunity to dump for quick cash at a low price.
He has built an import-export business that generates 80 million rubles ($10 million) in annual revenue.
Where Is Mikhail Khodorkovsky? Russian Billionaire’s Whereabouts Under Question After His Disappearance
Mikhail Borisovich Khodorkovsky is a Russian businessman who is currently residing in London as an exile.
Russian oil magnate and once Russia’s richest man, who was imprisoned in 2003 on charges of fraud and tax cheating. He was convicted of those and other charges before being released in 2013.
Khodorkovsky and his business associate, Platon Lebedev, were both sentenced to 14 years in prison on charges that they embezzled and smuggled more than $25 billion from Khodorkovsky’s Yukos oil company.